Central bankers claim that they aren’t starting a currency war. They deny that their policies are aimed at the competitive devaluation of their currencies. Let’s call it competitive ultra-easing. Consider the following: (1) BOJ is going w

The following two charts represent the equity market performance of two rather well known nations in the last 6 months or so. One is a country  on the verge of cataclysmic currency devaluation and the other is in the middle of a catalcysmic curr

By Pater Tenebrarum:Looking for Dollars Argentina famously employs 'dollar-sniffing' dogsat its borders to keep its citizens from getting their savings out ofthe hands of the domestic kleptocracy to a safe haven. After years ofsoaring inflation, the

DirecTV's quarterly profit fell 5.6% as the satellite-television provider was weighed down by currency devaluation charges, but core earnings and revenue both improved.

(Reuters) - Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela.

Satellite TV provider DirecTVeasily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela.

May 7 (Reuters) - Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, asbetter-than-expected growth in Latin America helped offset thenegative effects of a currency devaluation in Venezuela.

May 7 (Reuters) - Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela.

May 7 (Reuters) - Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela.

May 7 (Reuters) - Satellite TV provider DirecTV said on Tuesday that first-quarter net income fell after a $166 million charge related to a Venezuelan currency devaluation in February.

Submitted by Michael Krieger of Liberty Blitzkrieg blog, If there was ever a clear sign that the leadership of Japan is fully aware that the country is about enter a terminal economic catastrophe this is it. Using the cover of currency devaluation an

By Oriental Trader:Between the day-to-day hustle of senior aides close to [Japanese Prime Minister Shinzo] Abe claiming "yen to be fairly valued" or "BoJ has further easing options", the cacophony of voices claiming the yen's sharp devaluation will l

Avon swung to a first-quarter loss as the door-to-door cosmetics vendor recorded charges related to restructuring and the devaluation of the Venezuelan currency.

Six months in and a 30% devaluation in the JPY and it would appear Abenomics is not having quite the desired effect. With an oh-so-exciting 2% inflation target that we are sure will be appearing any second now, Nationwide CPI just printed -0.9% YoY -

The toothpaste and soap maker reported sales up 2.5 per cent from a year ago to $4.3bn in the quarter ended March

By Trefis: Honda Motors (NYSE:HMC) is scheduled to announce its Q4 earnings on April 26. The most important factor influencing the movement of the Japanese stocks lately has been the yen devaluation. The yen has depreciated more than 20% in the last

Colgate's first-quarter earnings fell 22% despite higher sales as results were hurt by the Venezuelan government's devaluation of its currency.

April 25 (Reuters) - Colgate-Palmolive Co posted lower quarterly profit on Thursday as sales grew but the recent devaluation of the Venezuelan bolivar led to a hefty charge.

Praxair Inc.'s (PX) first-quarter income slipped 6.7%, as the maker of industrial gases was hit by a charge tied to the remeasurement of its local Venezuelan balance sheet, although revenue edged up.

In what could to grow into a class action in US courts, a Chinese woman is suing the Federal Reserve after discovering that the real value of the USD250 she put in an account in 2006 had shrunk by 30%. She claims it was the result of the Fed issuing

Two days in Washington D.C. kept caterers busy but produced a 2,126 word communique long on slogans and short on anything actionable. The G-20 statement (below) can be boiled down simply, as we tweeted, G-20 statement: "if we all lie, same as nobody

Group of 20 finance ministers are expected Friday to call for nations to avoid competitive devaluation of their currencies, a sign they are not stepping up pressure on Japan over the yen's recent drop.

UPDATE: Boeing cuts 747 production 12.5% on lower demand (BA -0.5%, Dow futures slide 25 points) Thanks in large part to G-20 comments, JPY has resumed its devaluation path and dragged risk-assets higher with it as S&P futures are up 8 points. Ho

Beverage and food group hit by devaluation of the Venezuelan Bolívar, but higher prices have helped to boost sales of its snacks

April 18 (Reuters) - PepsiCo Inc reported lower quarterly earnings on Thursday, citing a hit from the devaluation of the Venezuelan currency.

How will South Korea react to currency devaluation in Japan?

CARACAS, April 15 (Reuters) - Venezuela's consumer prices rose 2.8 percent in March, the country's central bank said on Monday, spurred by a devaluation in February and heavy government spending in...

LOS ANGELES (MarketWatch) -- Japanese stocks opened solidly lower Monday as the yen rose following a U.S. Treasury report warning Tokyo not to engage in competitive currency devaluation. The Nikkei Stock Averagedropped 0.8% to 13,374.35 in the early

Japanese stocks opened solidly lower Monday as the yen rose following a U.S. Treasury report warning Tokyo not to engage in competitive currency devaluation.

The U.S. said it is monitoring Japanese policies that have pushed down the yen and that it would press Tokyo to refrain from engaging in a competitive devaluation.

Curious why the USDJPY is in freefall after hours? Thank Jack Lew, and the after the close release of the semi-annual "Report to Congress on International Economic and Exchange Rate Policies." Traditionally the place where many have looked to see if

First there was Japan's 'capture' of the Senkakus and the looming troubles that small island will lead to with the Chinese. Then came the economic deflationary spiral, as the global devaluation of developed market currencies prompted Japan to start a

By Ben Mountifield:The deliberate devaluation of the Japanese yen has helped boost the earnings of exporters and has triggered a considerable rally in Japanese equities. Although it's possible to simply buy an ETF that tracks the Nikkei, or place a s

NEW YORK (Reuters Blogs) -- Megan Greene has a great column on Cyprus and the euro today. In short, there are costs and benefits to leaving the euro -- but the costs are going to be borne anyway, which means that at the margin, devaluation is likely

A steep devaluation in the Egyptian pound, and the lack of hard currency, makes it harder to import expensive drugs because the law requires them to be resold at a fixed price.

MINSK (Reuters) - Shortly after emerging from a crisis that wiped out its foreign currency reserves and forced a 65 percent rouble devaluation, Belarus appears to be sticking with some of the policies that caused it - but with more caution.

Shortly after emerging from a crisis that wiped out its foreign currency reserves and forced a 65 percent rouble devaluation, Belarus appears to be sticking with some of the policies that caused it - but with more caution.

BANGKOK (Reuters) - The chief executive of Ford Motor Co complained on Tuesday about Japan's devaluation of the yen and reiterated his opposition to Tokyo entering into free trade talks with the United States under an Asia-Pacific agreement.

The chief executive of Ford Motor Cocomplained on Tuesday about Japan's devaluation of the yen and reiterated his opposition to Tokyo entering into free trade talks with the United States under an Asia-Pacific agreement.

BANGKOK, March 26 (Reuters) - The chief executive of Ford Motor Co complained on Tuesday about Japan's devaluation of the yen and reiterated his opposition to Tokyo entering into free trade talks with the United States under an Asia-Pacific agreement

BANGKOK, March 26 (Reuters) - The chief executive of Ford Motor Co complained on Tuesday about Japan's devaluation of the yen and reiterated his opposition to Tokyo entering into free trade talks...

Speaking at the London School of Economics on Monday, Chairman of the Federal Reserve Ben Bernanke argues that advanced economies are pursuing appropriate policies despite concerns about competitive currency devaluation...

The Federal Reserve's bond-buying program is not a "beggar-thy-neighbor" policy designed to spark a devaluation of the dollar to spark the U.S. exports at the expense of other countries, said Fed Chairman Ben Bernanke on Monday.

WASHINGTON (MarketWatch) - The Federal Reserve's bond-buying program is not a "beggar-thy-neighbor" policy designed to spark a devaluation of the dollar to spark the U.S. exports at the expense of other countries, said Fed Chairman Ben Bernanke on Mo

CARACAS, March 25 (Reuters) - Venezuela launched a new foreign currency auction on Monday with a first offer of $200 million to businesses, widely expected to represent another partial devaluation of...

CARACAS, March 25 (Reuters) - Venezuela launched a new foreign currency auction on Monday with a first offer of $200 million to businesses, widely expected to represent another partial devaluation of...

CARACAS, March 25 (Reuters) - Venezuela launched a new foreign currency auction on Monday with a first offer of $200 million to businesses, widely expected to represent another partial devaluation of the bolivar.

Earlier, we learned that Japanese exports unexpectedly fell by 2.9 percent year-over-year in February. Economists were looking for an increase of 0.9 percent. On the surface, this was rather disappointing considering the dramatic devaluation of the y

It appears Abe and his henchmen had better stop doing things and say something as the huge devaluation of the JPY so far is NOT having the effect he had hoped for. Exports dropped 2.9% - more than expected - and while imports rose less than expected,

Analysts are predicting that Apple may raise its dividend by some 50 percent at least, in an effort to combat the huge devaluation that the company has experienced in the past several months.