Argentina is allowing the peso's decline to accelerate as inflation makes exports less competitive and the government tries to combat speculators demanding 60 percent more in local currency for every dollar in the illegal currency market, according to …
Devaluing currencies should help an economy become more competitive as the price for its exports fall, but the effect is muted. "While currency devaluation has reduced the relative cost of exports in these countries, it has done little to boost …
The Nikkei is on fire ever since Japan's plans to enter into a competitive devaluation of its currency started this year. The US dollar strengthened 24.17% against the Yen so far this year while the Nikkei soared twice as much, 51.8% at the same time …
Falling wages are seen as good news by prime minister Mariano Rajoy's conservative People's party government, which believes wage devaluation is one of the few options left to Spain now it is part of the euro and can no longer devalue its own currency …
Data also showed the recession pushing consumer prices down for a third straight month in May, in a sign that an internal devaluation is making the economy more competitive. Still, industrial output fell by 1.8 percent in April. Greece is in its sixth …
"By not resorting to competitive devaluation, China is also sending a signal that it will steer away from low-end industries in the future, and thus overseas and domestic capital will choose to invest more in high-end industries," according to Li. Cao …
Truthfully, I hate wasting time in what appears to be 'competitive' reasoning with my colleagues. There is no trophy or cup to be won here, and it is not my intention to play one-upmanship while the nation is waiting to get … In several columns, I …
Some say Japan's efforts to weaken the yen will hurt other Asian markets and could spark competitive devaluation elsewhere. "Beware currency wars," said Lee Robertson, chief executive of Investment Quorum. Average equity exposure in British asset …
"Additionally, in particular over the last weeks, competitive pressure from Asia has significantly increased, intensified by the devaluation of the Japanese yen," it said. An anticipated business recovery will not occur either in the second quarter or …