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Competitive Devaluation

BMI forecasts that Greece's GDP will contract again this year by 4.2%
www.balkans.com

Admittedly this is being driven by weak domestic demand rather than by exporters becoming more competitive, but at least it reduces the drag on growth. There are also some signs of a pick-up in gross fixed capital formation, led by inventory re-stocking.

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INGREDION INCORPORATED REPORTS SECOND QUARTER 2013 RESULTS
www.marketwatch.com

The estimated drivers of the decrease in the second quarter 2013 EPS versus the 2012 adjusted EPS were $0.19 from margin, $0.04 due to lower volumes and $0.02 of foreign currency devaluation. …. disputes; genetic and biotechnology issues; changing …

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The Procter & Gamble Company (PG): Procter & Gamble's CEO Discusses F4Q …
seekingalpha.com

We absorbed the unexpected impact of the Venezuela BolĂ­var devaluation and significant overall dollar strengthening, while increasing marketing investments as the year progressed. We continued to make good progress on …. We believe these targets will …

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Regal Beloit Corporation Announces Second Quarter 2013 Financial Results
www.sacbee.com

A key challenge for the quarter was higher inventory costs related to the Venezuelan currency devaluation. Additionally, we incurred incremental due diligence costs as we pursued acquisitions that fit both our strategic and financial goals. We intend …

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Avon Reports Second-Quarter 2013 Results
www.marketwatch.com

Operating profit included a $17 million charge associated with the highly inflationary accounting for a 32% devaluation of Venezuelan currency, an accrual of $12 million for the offer of settlement relating to the Foreign Corrupt Practices Act ("FCPA …

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Energizer Holdings, Inc. Announces Fiscal Third Quarter Results
www.marketwatch.com

However, we are disappointed with our weak top line results as we continued to see elevated levels of competitive promotional activity in our Personal Care categories and many of these categories showed value deflation in the quarter. …. For the …

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Can It Get Any Better Than This?
news.goldseek.com

And this could happen while the attention of South Korea is focused on dealing with the devaluation of the yen and the need to become progressively more competitive to maintain its export and business model. There is also the possibility of massive …

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Gildan Activewear Announces Record Results for a Fiscal Quarter
www.marketwatch.com

The impact of the distributor inventory devaluation discount included in results for the third quarter was approximately U.S. $0.05 per share. ….. obtaining and successfully introducing new sales programs, implementing cost reduction initiatives and …

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"Egypt Autos Report Q3 2013" now available at Fast Market Research
www.clickpress.com

Sales of passenger car grew 39% to more than 12,000 vehicles during the month. However, the council said that many car producers and distributors are concerned over the coming period, as well as the whole year, as January sales were affected by the …

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