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<title>Finance Industry Today: Currency Devaluation News</title>
<link>http://finance.einnews.com/news/currency-devaluation</link><description>Constantly updated news and information about finance industry.</description><item>
<title>The end of Empire</title>
<link>http://finance.einnews.com/news.php?wid=185494319</link>
<pubDate>28 Aug 2008 21:07 GMT</pubDate>
<description>
...  in the late 1960s. The two significant dates were the dreaded 6/6/66, when the devaluation of the rupee against the sterling reduced the exchange rate by one third, and 1969, when the Indian Companies Act  ...
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<title>U.S. wants IMF to be bad cop on exchange rates</title>
<link>http://finance.einnews.com/news.php?wid=185493419</link>
<pubDate>28 Aug 2008 21:00 GMT</pubDate>
<description>
...  more vocal about countries that manipulate their currencies for trade advantages, the Bush administration said  ...  linked in varying degrees to the U.S. dollar. This situation has strained the global financial  ...  in part, to stamp out &quot;competitive&quot; currency devaluations that were rampant before World War II. ...
</description>
</item><item>
<title>NorthRail talks on schedule, says exec on trip to Beijing</title>
<link>http://finance.einnews.com/news.php?wid=185486426</link>
<pubDate>28 Aug 2008 20:09 GMT</pubDate>
<description>
...  phase, he said. CNMEC representatives will come to Manila next week to discuss costing, currency devaluation and inflation claims. These efforts, he said, are still within the 20-day deadline Philippine  ...
</description>
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<title>Vote of no confidence</title>
<link>http://finance.einnews.com/news.php?wid=185468605</link>
<pubDate>28 Aug 2008 17:33 GMT</pubDate>
<description>
...  more telling, for it is backed by money. That judgment is a harsh one. The  ...  the pound follows a bigger and longer devaluation against the euro that started a year  ...  will need the help of a weaker currency, especially as foreign markets slow. The pound&amp;rsquo;s  ...
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<title>Neptune Technologies Reports Record FY08 Q4 and Year End Results</title>
<link>http://finance.einnews.com/news.php?wid=185466310</link>
<pubDate>28 Aug 2008 17:29 GMT</pubDate>
<description>
...  not fully reflected in the revenue increase, due to the impact of the U.S. dollar devaluation on more than 82% of the Company&apos;s sales. - EBITDA(1) for fiscal year 2008,  ...
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<title>Neptune Technologies Reports Record Fiscal 2008 Fourth Quarter and Year End Results</title>
<link>http://finance.einnews.com/news.php?wid=185452188</link>
<pubDate>28 Aug 2008 15:59 GMT</pubDate>
<description>
...  not fully reflected in the revenue increase, due to the impact of the U.S. dollar devaluation on more than 82% of the Company&apos;s sales. - EBITDA(1) for fiscal year 2008,  ...
</description>
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<title>The Rise and Fall of the US Dollar as the The World Reserve</title>
<link>http://finance.einnews.com/news.php?wid=185449844</link>
<pubDate>28 Aug 2008 15:37 GMT</pubDate>
<description>
... Money has had an intentional, bloody and tumultuous  ...  then and lasted as the main trading currency until the 1920s. Since then, the US  ...  to $3.49 as a result of the devaluation. By December, 1931, the pound sterling was  ...
</description>
</item><item>
<title>Fitch: Latvia and Estonia face risk of economic recession in the next 12 months</title>
<link>http://finance.einnews.com/news.php?wid=185446857</link>
<pubDate>28 Aug 2008 15:30 GMT</pubDate>
<description>
...  conjunction with persistent high inflation, deteriorating competitiveness and problems in the banking sector, or devaluation of the Baltic currencies  which is not Fitch&apos;s central scenario  would likely lead to a downgrade,&apos;&apos;  ...
</description>
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<title>Marfin Popular Bank profits decline 35.6% in 1H08</title>
<link>http://finance.einnews.com/news.php?wid=185445940</link>
<pubDate>28 Aug 2008 15:29 GMT</pubDate>
<description>
...  difference between the Cyprus Pound and the Euro base rate), which was set as the  ...  interest rates in the USA and the devaluation of the US Dollar that reduced the  ...  liquid assets to total deposits in foreign currencies of the Bank in Cyprus from 75%  ...
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<title>CALOOCAN - CLARK RAIL PROJECT MIGHT BE BACK ON TRACK</title>
<link>http://finance.einnews.com/news.php?wid=185420839</link>
<pubDate>28 Aug 2008 13:06 GMT</pubDate>
<description>
...  to come to the Philippines to tackle with Pamintuan other commercial issues, like costing, currency devaluation and inflation claims. Earlier, reports received by Pamintuan said that the Chinese contractor backed  ...
</description>
</item><item>
<title>Independence profits fall 51 per cent</title>
<link>http://finance.einnews.com/news.php?wid=185396855</link>
<pubDate>28 Aug 2008 10:26 GMT</pubDate>
<description>
...  fall in realised nickel price and a devaluation of listed investments. The company, which made  ...  cash operating cost of $4.12 per payable pound  down from $4.35. Independence Group declared  ...
</description>
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<title>Seoul shares fall on currency woes</title>
<link>http://finance.einnews.com/news.php?wid=185345793</link>
<pubDate>28 Aug 2008 01:58 GMT</pubDate>
<description>
...  off over persistent concerns about the local currency&apos;s devaluation against the greenback, analysts said. The benchmark  ...  a 45-month-low of 1,089.4 won against the dollar on Tuesday. &quot;The won&apos;s steep fall against  ...
</description>
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<title>UN special relief envoy visits Kenya, Somalia</title>
<link>http://finance.einnews.com/news.php?wid=185343789</link>
<pubDate>28 Aug 2008 01:36 GMT</pubDate>
<description>
...  with general insecurity, the rising cost of living including escalating food prices and the devaluation of the Somali currency, have caused this humanitarian crisis. Source:Xinhua ...
</description>
</item><item>
<title>Greif, Inc. Reports Third Quarter 2008 Results</title>
<link>http://finance.einnews.com/news.php?wid=185303513</link>
<pubDate>27 Aug 2008 20:29 GMT</pubDate>
<description>
...  (12 percent excluding the impact of foreign currency translation) to a record $1,034.1 million in  ...  sells its products; foreign currency fluctuations and devaluations; availability and costs of raw materials for  ...
</description>
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<title>Mexico&apos;s Guillermo Ortiz: The Anti-Greenspan</title>
<link>http://finance.einnews.com/news.php?wid=185295809</link>
<pubDate>27 Aug 2008 19:29 GMT</pubDate>
<description>
...  inflation by raising interest rates, strengthening the currency and trying to win investor confidence. This  ...  clean up the mess surrounding the peso devaluation in 1994. What impresses me about Ortiz,  ...  really hurting the economy is that less money is being sent home from workers living  ...
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