Dr. Rick C. Ernst
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Competitive Devaluation

Brazil's presidential election Marina gains momentum
www.economist.com

Sure, you can criticize the timing, since the devaluation happened after FHC reelection of 1998, but that was necessary, otherwise the Brazilian economy would not be competitive just like Argentina wasn´t. If you devalue your currency, you can expect …

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Brazil More Competitive Than Mexico
latinvex.com

“The prospects for policy adjustments to reduce in macroeconomic instability and strengthen the sovereign's balance sheet do not appear promising in spite of the introduction of a three-tier FX system and the de-facto devaluation of the VEF earlier in …

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Fitch Rates GOL's Proposed Senior Unsecured Notes 'B-(exp)/RR4'
www.marketwatch.com

The 'B-' rating for the proposed notes reflects GOL's high leverage and the sensitivity of GOL's financial performance to several factors not controlled by the company such as competition, devaluation of the local currency versus the U.S. dollar, and …

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Pak Lawmakers Rally Behind Sharif; Modi Concludes Visit to…
southasia.foreignpolicy.com

Modi replied: "We've had devaluation. We used to play with snakes now we play with the mouse. When we move a mouse, the whole world moves" (NDTV). On Tuesday, Modi met Japanese Emperor Akihito at the Imperial Palace in Tokyo. While addressing …

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Distell to grow its African footprint
www.iol.co.za

“This was despite several disruptions of trade-intensified competition from the major global players and a stepped-up presence of cheap Indian imports, as well as the imposition of high import duties in several countries,” Distell's managing director …

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Italtile reports buoyant renovations market
www.cnbcafrica.com

“The devaluation of the currency over the period had a significant impact on industry participants and trading behaviour, harming independent opportunistic traders and restricting access to the industry to new entrants,” the company said. “Other …

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B.O.S. Better Online Solutions' (BOSC) CEO Yuval Viner on Q2 2014 Results …
seekingalpha.com

… including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry and price reductions, as well as due …

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The Bearish Scenario That Keeps Me Awake At Night
www.investing.com

Renminbi devaluation and higher US yields would be a lethal combination for the eurozone . Most European countries have modestly improved their trade positions with China thanks to stronger German capital … The complementary index for European and …

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Spotlight on Russia
www.packagingtoday.co.uk

According to analysts of the Russian Packaging Association, the domestic segment of corrugated board packaging is on the verge of stagnation, due to high competition in the market and the impossibility of further price increases. … According to …

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