Dr. Rick C. Ernst
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Competitive Devaluation

Putin rejects ruble devaluation
www.iol.co.za

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 …

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Emerging markets lift Unilever '13 sales
www.mydigitalfc.com

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 …

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Abe's Yen Exporting Deflation Risks Davos Tension: Currencies
www.bloomberg.com

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 …

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Ukraine's volatile politics hits currency
www.ft.com

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 …

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Breaking out is hard to do
www.marketwatch.com

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.

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Shale gas: Britain's saviour?
moneyweek.com

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 …

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BUSINESS IN BRIEF 21/1
english.vietnamnet.vn

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 …

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China's Xi Jinping Wields the Communist Hammer
www.americanthinker.com

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 …

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Fitch Rates Puma Energy 'BB/Stable; Bond 'BB(EXP)'
uk.reuters.com

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 …

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