Not exact matches
Then last week, the government announced a
depreciation of the country's
currency, stoking fear that the economic slowdown there was even worse than it had let
on.
Russell told CNBC that the
depreciation of the Malaysian
currency has more than offset the benefits that cheaper oil have
on the price of fertilizers, resulting in higher input costs for the tea grower.
Some analysts said the sharp swings in offshore exchange rates and borrowing costs appeared to be engineered by the Chinese leadership, as a way to ease
depreciation pressure
on the renminbi and to discourage speculation — namely short - sellers, investors who bet
on declines in the
currency, often by using borrowed funds.
The yuan fell to a six - year low last Monday, and many are wondering if Beijing is «putting the
currency back
on a slow
depreciation path.»
But the value of a
currency is built
on its reputation, and five months of bad news and
depreciation have done serious damage.
Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense, other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts of
depreciation and amortization (excluding integration and restructuring expenses)(including amortization of postretirement benefit plans prior service credits), integration and restructuring expenses, merger costs, unrealized losses / (gains)
on commodity hedges, impairment losses, losses / (gains)
on the sale of a business, nonmonetary
currency devaluation (e.g., remeasurement gains and losses), and equity award compensation expense (excluding integration and restructuring expenses).
The central bank will require reserves to be set aside for purchases of all
currency derivatives from October, according to a document seen by Reuters, making it more expensive to bet
on further
depreciation of the yuan.
Adjusted EBITDA and segment Adjusted EBITDA reflect adjustments for interest expense, net, income tax expense (benefit),
depreciation and amortization, including accelerated
depreciation, and the following adjustments discussed above: non-cash mark - to - market adjustments and cash settlements
on interest rate swaps, provision for legal settlement, transaction costs and integration costs, restructuring and plant closure costs, assets held for sale, inventory valuation adjustments
on acquired businesses, mark - to - market adjustments
on commodity and foreign exchange hedges and foreign
currency gains and losses
on intercompany loans.
He speaks
on issues in 2016 budget, the need for the Federal Government to prevent
currency crisis in Nigeria, the decline in Nigeria's foreign trade by N2.5 trillion and
depreciation of the naira.
Concluding its prognosis of the foreign
currency market situation, Cowry Assets analysts stated, «this week we expect further
depreciation of the Naira at the alternative market segments
on aggravated supply scarcity buoyed by the closure of CBN's window to BDCs».
Net Change in Unrealized
Depreciation on Investments and Foreign
Currency Related Transactions
For the period ended May 31, 2011, the effect of warrants with equity risk exposure held of $ (125,221,529), $ 304,186, and $ (205,075) for the Fairholme Fund, the Income Fund, and the Allocation Fund, respectively, is included with Net Change in Unrealized Appreciation /
Depreciation on Investments and Foreign
Currency Related Transactions
on the Statements of Operations.
Finally, whatever you want to say about the inevitability of the decline of American hegemony, the U.S. dollar and U.S. Treasury bonds still play a unique role in the global economy, which probably allows us to take
on more debt than other countries without crippling our economy through
currency depreciation and high interest rates.
Net Change in Unrealized Appreciation (
Depreciation)
on Investments and Foreign
Currency Related Transactions