Dr. Rick C. Ernst
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Competitive Devaluation

Fiat S.p.A. (ADR) (FIATY) news: Fiat's CEO Discusses Q4 2013 Results …
seekingalpha.com

Other unusual charges in the year was €115 million charge related to the June 2013 voluntary safety recall in NAFTA both in Q2 and the €43 million charge related to the February 2013 devaluation of Venezuelan bolivar. Offset by the €166 million gain …

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Russia moving away from rate control to manage declining ruble
themoscownews.com

“During the worst parts of the 2008-09 crisis, the Russian authorities spent a lot of money defending the value of the ruble and preventing a messy devaluation,” Adomanis told The Moscow News in an e-mail. “I think this opened their eyes to a certain …

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Energizer Holdings, Inc. (ENR) news: Energizer Holdings Management …
seekingalpha.com

Price controls and currency restrictions are continuing challenges in Venezuela, as are import restrictions, price controls and the recent devaluation in Argentina. In addition ….. Have you seen any competitive change on Fem Care post-acquisition? I …

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Praxair Reports Record Earnings and Cash Flow for Full-Year 2013
www.businesswire.com

Non-GAAP adjustments for 2013 relate to the impact of the first-quarter Venezuela currency devaluation charge, third-quarter pension settlement charge and fourth-quarter income tax benefit and bond redemption charge. … cost and outcomes of …

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Turkey's crisis rate rise fails to dispel dangers
www.ft.com

Logic would dictate that these conditions are good for exporters, suddenly rendered much more competitive, and bad for domestic consumption companies, who must deal with customers for whom credit has been made far more expensive. Emerging markets …

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Airline stocks were hit hard on TSX over concerns about falling dollar
lethbridgeherald.com

The sell-off for the three largest companies came following published reports citing Air Canada CEO Calin Rovinescu's comments about the dollar, several analyst reports highlighting the impact of the currency devaluation and at least one downgrade. The …

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Slip Slidin' Away in Argentina
www.foreignpolicy.com

With the currency falling to its real value in a competitive market, there would be no more need for restrictions on trading. So far, so good, then? … Meanwhile, Kicillof promised to punish businesses that raised prices after the devaluation. But to …

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Argentina Eases Limits on Dollar Purchases to Calm Market
online.wsj.com

BUENOS AIRES—Days after a currency devaluation revived concerns of economic crisis in Argentina, the government began allowing locals to buy limited amounts of dollars in a bid to head off potential panic buying of dollars on the black market that …

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Johnson & Johnson CEO Discusses Q4 2013 Results – Earnings Call Transcript
seekingalpha.com

Diabetes care declined 11.9% on an operational basis in the fourth quarter of 2013, with the U.S. business down 25.8% due to the impact of lower price, primarily related to competitive bidding. The business outside the U.S. was …… However, the …

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