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The possibility of currency wars has been heightened by the recent rolls and dips in the value of the Japanese Yen. But is it really time for companies to panic? Here's what some bosses have said on CNBC Europe this week.
Daniel Mminele, South Africa's deputy central bank governor, tells CNBC that the South African authorities have always maintained that the rand will be determined in the market place.
Darmin Nasution, governor of the Bank of Indonesia, tells CNBC that they will use various measures to ensure the Rupiah's stability.
Kelly Evans takes you through the European market open where stocks have come in flat.
Cynthia Carrol, CEO of Anglo American, tells CNBC that the industry was very challenging in 2012 but at the same time they showed strong operational performance in many of their businesses.
Patrick Legland, global head of research at Societe Generale, tells CNBC that European markets remain undervalued, and any consolidation should be used as a buying opportunity.
Evgeny Fetisov, CFO of the Moscow Exchange, tells CNBC about his aspirations for the MICEX.
Angel Gurria, secretary-general of the OECD, tells CNBC that we are further away today from a currency war then we were two or three years ago.
Alex Wynaendts, CEO of Aegon, tells CNBC that they want to simplify capital structure and have a capital structure which will qualify as tier one under new European regulations.
Hakan Buskhe, CEO of Saab, tells CNBC about a contract with a Swedish procurement agency for one of the largest aircraft contracts in Swedish history.
Alan Capper, head of credit strategy at Lloyds Banking Group, tells CNBC that although the economic data is getting weaker, the confidence numbers (PMIs) are improving.
Jacob Frenkel, chairman of JPMorgan Chase International, tells CNBC monetary policy and fiscal policy have exhausted their capabilities and now the key focus should be on structural economic policies.
Paul Bulcke, CEO of Nestle, tells CNBC that he is confident of building on a 'broad base' of growth, despite Nestle reporting their slowest annual growth rate in three years on Thursday.
Karen Cho takes you through the European market open, where stocks are slightly lower on Valentine's day.
Bruno Chabas, CEO of SBM Offshore, tells CNBC that 2012 was a year of transition and their strategy is working.
Patrick Jany, CFO of Swiss specialty chemicals firm, Clariant, tells CNBC that the company had a good fourth quarter and are progressing on the operational side and their portfolio.
Martin Senn, CEO at Zurich Insurance, tells CNBC that Latin American and Malaysian markets are still characterized by substantial growth relative to Europe.
Samir Brikho, CEO of Amec, tells CNBC they will have continued gas in 2013, with the oil and gas industry continuing to grow.
Valentijn van Nieuwenhuijzen, head of strategy at ING Investment Management, tells CNBC that the momentum is really coming back to the German economy.
Chris Dedicoat, president and EMEA at Cisco, tells CNBC that they are seeing some more positive signs from Northern Europe but the south of Europe remains very challenging.
Cutmore anchors CNBC’s flagship "Squawk Box" in EMEA; the three-hour show bookends the opening of European equity markets.
Based in London, Tso co-anchors CNBC flagship show in EMEA, Squawk Box, a show that sets the news agenda every trading day.
Sedgwick co-anchors CNBC's flagship program "Squawk Box" (Europe) and is also CNBC's OPEC reporter covering major meetings.