Putin added that Nabiullina “did not say anything at all” about a government-orchestrated currency devaluation that could help Russian industry by making the country's goods more competitive abroad. He spoke only moments before Industry and Trade …
It was hit hard in the third quarter by slower economic growth in countries such as Indonesia and the devaluation of a handful of currencies including the Brazilian real and the Indian rupee – all of which crimped consumer demand. “We have delivered …
While few countries have complained about Japan's policy, that may change if deflation becomes more of a risk elsewhere, triggering a fresh round of currency wars, or competitive devaluation through interest-rate cuts. “At the moment, it may not seem …
When the global financial crisis hit in 2008, a 40 per cent devaluation of the hryvnia was devastating for households who had borrowed in foreign currency. Ever since, stability in the currency – which is essentially pegged to the … The International …
Any country that wants to prosper must do so within a poor global economy. One way is to devalue. Of course, competitive devaluation will eventually make everyone worse off. For emerging economies, devaluation is usually followed quickly by inflation.
The devaluation of sterling accounts for some of the increase in bills, but ultimately, the chief culprit is our drive to cut carbon emissions. 13% of British electricity is currently generated from renewables. EU law requires that, over time, this …
However, Vietnam still needs more companies that have a scale of business similar to FPT Software, which could help maximise the country's software opportunities and make it more competitive on a global scale, said Hong. He said the Ministry of …
It is rather the Communist Party's attempt to devalue the exchange rate of the "yuan" currency, whose 21.5% rise since 2010 has hammered the competitiveness of Chinese manufacturers. As jobs are relocating back to America to gain access to cheap energy …
Its vertically integrated business represents a competitive advantage as it enables the company to reliably and competitively supply its retail and industrial customers. The planned USD750m senior unsecured bond is expected to be issued by Puma … In …