Sentences with phrase «percent currency devaluation»
He said worries about China's 3 percent currency devaluation were overdone.
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Bloomberg reports that China could boost its gold purchases from Hong Kong as much as 50 percent this year over concerns of currency devaluation, a slowing real estate market and shaky stocks.
Rest of World net sales were $ 798 million, down 15.6 percent versus pro forma net sales for the year - ago period, due to a negative 26.0 percentage point impact from currency, including a negative 17.0 percentage point impact from the devaluation of the Venezuelan bolivar in June 2015.
«This would affect those on a lower income the most, with a significant devaluation of the new currency, by 65 percent, and financial contraction of 22 percent on top of the (GDP) reduction of 14 percent that occurred between 2009 and 2011.»
That resulted in an effective 2 percent devaluation in the currency, a move which sparked fears of a «currency war» to make Chinese exports more competitive.
The MSCI World Index is up 14 percent from its mid-February lows, as stocks have shaken off fears of a global recession, an oil - price collapse and a Chinese currency devaluation.