Economic growth and currency appreciation
have reduced both the price and the wage gaps in relation to the North American cities.
Bowater has been making deliberate headway in realigning its businesses to adjust to a declining market for newsprint, a punishing currency appreciation
in Canadian costs and increased manufacturing costs across the spectrum.
On the macro-economic front, our performance benefited from our markets' continued economic recovery, positive seasonal factors and weather conditions, a relatively stable pricing environment, and currency appreciation
against the U.
Key factors supporting our rating are: Established Brand in Shanghai with Strong Local Market Expertise, An Expanding and Diversifying Services Portfolio, An Attractive High-Growth Industry, New Smart Health Card Business Can be a Wild Card, Diluted Earnings CAGR of 28% Over 2004-2006, and Potential Chinese Currency Appreciation
concern that currency appreciation
might affect Taiwan's exports.
has helped reduce general government debt to 51% of GDP at end-2004.
These market trends, together with foreign currency appreciation
and the acquisition of the retail fueling business of Nuovo Pignone, were the primary reasons for the year-over-year improvement in bookings.
This concern has been reflected, for example, in complaints about intervention by China and other emerging markets to prevent currency appreciation
The Czech National Bank said that it might not scrap the limit on currency appreciation
, set at around CZK27 per euro, until upward pressure on prices is strong enough to ensure monetary easing will not be needed again in the following two to three quarters.
Slower growth in export orders last month may reflect the impact of currency appreciation
relative to other emerging markets," said Khatija Haque, Head of MENA Research at Emirates NBD.
Although investor sentiment towards the Pound took quite the hit after the Bank of England (BoE) outlined returning concerns over currency appreciation
and inflation risks following the resumed selling in commodities, there is still some potential for the GBPUSD to continue advancing.
However, the combination of still weak global commodity prices and currency appreciation
- not including Egypt - will help to ensure headline CPI remains below five per cent throughout the year.