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Latest Devaluation Stories

2010-10-05 10:31:00

NEW YORK, Oct. 5 /PRNewswire/ -- Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: The United States, the Eurozone, the United Kingdom, Japan and other major economies may be heading into a period of competitive devaluations. Similarly, China and some of the other strong-currency countries are acting to slow revaluation of their own currencies to maintain a competitive edge...

2010-01-18 16:01:00

AKRON, Ohio, Jan. 18 /PRNewswire-FirstCall/ -- On January 8, 2010, the Venezuelan government announced the devaluation of its currency (the bolivar fuerte) and the establishment of a two-tier exchange structure. (Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO ) The official exchange rate has been devalued from 2.15 bolivar fuerte to each U.S. dollar to 4.30, except in the case of essential goods, for which the rate is 2.60. Some of the tires and raw materials The Goodyear Tire...

2009-07-17 10:00:00

HOFFMAN ESTATES, Ill., July 17, 2009 /PRNewswire-FirstCall/ -- AMCOL International Corporation (NYSE: ACO) announces the following Webcast: What: AMCOL International Corporation - Second Quarter 2009 Earnings Results Conference Call When: Friday, July 24, 2009 @ 11:00 AM EDT Where: http://www.videonewswire.com/event.asp?id=60263 How: Live over the Internet -- Simply log on to the web at the address above. If you are unable to participate...

2009-04-17 06:45:00

HOFFMAN ESTATES, Ill., April 17 /PRNewswire-FirstCall/ -- AMCOL International Corporation (NYSE: ACO) announces the following Webcast: What: AMCOL International Corporation - 1st Quarter 2009 Earnings Results Conference Call When: Friday, April 24, 2009 @ 11:00 AM EDT Where: http://www.videonewswire.com/event.asp?id=57509 How: Live over the Internet -- Simply log on to the web at the address above....

2009-02-27 15:37:59

Russian Prime Minister Vladimir Putin Friday said he disagreed the country needed new currency controls to prevent devaluation of the ruble. It is possible in theory but it would mean abandoning ambitious plans of turning the ruble into a regional reserve currency, Putin said in a meeting with senior government officials, the Financial Times reported. It would be a shame to lose such an advantage, he said. The crisis will pass and we need to create the basis for basis for future economic...

2009-01-30 07:00:00

ARLINGTON HEIGHTS, Ill., Jan. 30 /PRNewswire-FirstCall/ -- AMCOL International Corporation (NYSE: ACO) announces the following Webcast: What: AMCOL International Corporation - Fourth Quarter 2008 Earnings Results Conference Call When: Friday, January 30, 2009 @ 11:00 AM EST Where: http://www.videonewswire.com/event.asp?id=54640 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Don...

2008-12-26 16:45:01

The Russian ruble fell to a new low against the euro Friday with former Soviet leader Mikhail Gorbachev warning Russia faces a dangerous time. The ruble slid fell to 40.81 against the euro and 29 against the dollar after the fourth currency devaluation by Moscow in a week, The Financial Times reported Friday. The devaluation was designed to offset the impact of the world economic crisis and plunging oil prices, the Times reported, noting Russian oil exports are at their lowest level in four...

2008-06-24 09:03:03

Vietnam, in an effort to prop up its declining currency amid soaring inflation, suspended the importation of gold. Traders said the government, which controls gold imports through quotas, has withdrawn licenses as record imports of gold bars have made Vietnam the largest market for bullion, the Financial Times reported. Gold imports also have contributed to the rise in trade deficit to $17 billion in the first half of this year from $5.2 billion in the same period of last year, the Times...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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