Dr. Rick C. Ernst
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Competitive Devaluation

World Bank Group Blasts Ethiopia's Export Performance
allafrica.com

All things being equal, a 10pc devaluation of the country's RER could lead to annual growth of five percent in its exports, suggests the report. Nonetheless, in the presence of macroeconomic trade-offs, the government has to weigh in other factors in …

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Haemonetics' (HAE) CEO Brian Concannon on Q1 2015 Results – Earnings Call …
seekingalpha.com

Adjusted operating income reflects currency headwinds of $2 million in the first quarter related to the devaluation of yen denominated revenues. Now, let me remind you how currency and hedges impact our results. We place foreign … The VCC and …

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DirecTV Second-Quarter Earnings: Here's What You Should Keep An Eye On
www.bidnessetc.com

Due to the highly competitive nature of the pay television industry in the US, and the fact that it is excessively saturated, DirecTV's growth is relatively stable in that region, even though it only managed to grow its subscriber base by 12,000 in the …

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Currency devaluation: The most destructive policy of all
news.goldseek.com

One of the most common 'justifications' for currency devaluation is that it makes local exporters more competitive. The problem, as explained in previous TSI commentaries, is that it can only benefit exporters at the EXPENSE of consumers and importers.

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Ecolab's (ECL) CEO Douglas Baker on Q2 2014 Results – Earnings Call …
seekingalpha.com

I mean, I — we forecast in the Q, like other people, we expect another devaluation. We go through those, and the team there has been very adept at then getting behind that and raising local prices in the bolivar. So that ….. I was just wondering …

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Marriott International Reports Second Quarter Results
online.wsj.com

DEPRECIATION, AMORTIZATION, and OTHER expense totaled $47 million in the 2014 second quarter compared to $33 million in the year-ago quarter. … $235 million revenue, net of direct expenses Depreciation and Approx. … could affect forward-looking …

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Regal Beloit Corporation Announces Second Quarter 2014 Financial Results
www.sys-con.com

Second quarter 2013 Electrical segment gross profit included $1.0 million of restructuring expenses as well as $3.6 million higher inventory costs due to the Venezuelan currency devaluation, partially offset by a LIFO benefit of $2.1 million resulting …

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The Future of the BRICS Development Bank
www.counterpunch.org

This currency war took the form of competitive devaluations by the four leading convertible currencies in the world – the dollar, the Euro, the Pound sterling and the Japanese yen. Quantitative Easing (QE) was the name of the game given by the world's …

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Level 3 Reports Second Quarter 2014 Results
www.marketwatch.com

In the second quarter 2014, the company generated net income of $51 million and $0.21 basic and diluted net income per share, which included a $0.14 loss for the devaluation of the Venezuelan Bolivar, and $0.02 of tw telecom transaction-related fees …

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