Other expense/income, net, for the three months ended March 31, 2013 was also impacted by the devaluation of the Venezuelan bolivar on February 8, 2013. ….. And then can you — just looking forward with respect to the amount of petrochemical work …
But with the bolivar devaluation, Colombian brands are competitive again. Deep in the market, Julia had a stall full of Venezuelan ketchup, baby formula and mayonnaise. She didn't want to give her last name because it's illegal to sell contraband goods.
The impact from foreign currencies was particularly acute in Argentina, as well as in Venezuela where we moved to SICAD I, effectively resulting in a meaningful devaluation. On a currency-neutral basis, sales increased more than 1%, reflecting …
In addition to the pricing actions, Mexico has also benefited from the competitive market changes and strong growth from our Vigo brands. …. Both quarters included depreciation and amortization of approximately $15 million. The reduction in operating …
Exceptional charges of €13 million were included in the first quarter's 2013 operating profit, €12 million of which related to losses on the translation of non-Bolivar denominated payables following the official devaluation of the Venezuelan Bolivar in …
The current round of the rouble downward trend is no big surprise to Russia, as the country has had an experience of two major devaluations that happened here in recent decades – in 1998 and 2008. What the reasons are for the weakness in the rouble has …
In the UK, we need to stop looking to currency devaluation as the solution to our economic ills. The biggest fall in the pound in modern times took place between the mid-60s and mid-70s. That ushered in one of the worst periods of UK economic …
That's something we've really focused on because this is such a young, competitive group. You guys saw Earl yesterday. He's 24 years old. I mean …. On devaluation of running back position: “It was last year. I don't know how it's going to fall this …
Worries about the devaluation feeding through to consumer prices have prompted the central bank to yank up interest rates, from 5.5% at the start of March to 7.5%. The IMF reckons the economy is in recession; this week it cut its growth forecast for …