Venezuela devalued its Bolivar currency in February this year by a staggering 46.5% to the dollar that led to the currency being exchanged at 6.30 to the dollar as opposed to the earlier exchange rate of 4.30 to the dollar. GM incurred hefty losses …

Please also note that our discussion of full year 2013 earnings excludes the impact of the Venezuela currency devaluation that occurred during the first quarter and a pension settlement charge that will be recorded in the third quarter. A …

The yen devaluation and its impact on bookings negatively impacted the quarter's profit by a net $60 million, with an $85 million revenue impact net of hedges, partially offset by a $25 million benefit in expense. …. Certainly, that's improved …

If the EU breaks up it would open the door to currency wars, competitive devaluations and trade wars that would set the scene for a deep slump with catastrophic effects on a world scale. Many economists are now talking openly of the prospect of the …

In 2010, Brazilian Finance Minister Guido Mantega warned of the possibility of “currency wars” as countries sought to devalue their exchange rates to gain competitive advantage. Brazil's economy may currently be less in favor internationally, but that …

In particular, the dotcom billionaires' space companies, Blue Origin and SpaceX, are bidding for Kennedy Space Center's historic Launch Complex 39A — site of NASA's first and last space shuttle blast-off. Each company's plan for 39A is to launch both …

Thanks to Amazon.com billionaire Jeff Bezos' backing, Blue Origin is one of the country's most financially stable rocket ventures, but it has also had one of the lowest profiles—until now. Now the company, based in an industrial area south of Seattle …

Billionaires, movie stars, snakes and curses all figure in a scandal swirling around a Chinese spiritual adviser after he allegedly threatened a reporter who questioned his powers with death. Wang Lin, 61, a self-proclaimed master of Qigong, a …

Just when India's biggest stimulus package in a decade was close to paying off, a cash crunch engineered by the central bank to shore up the rupee has pushed borrowing costs for leading companies back above 10 percent. Billionaire Anil Ambani's …