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Venezuela Currency Blues Hit U.S. Blue-Chip Companies

2015-08-01 05:00:18| Toys - Topix.net

"Venezuela's currency woes cut nearly $3 billion in profit at U.S. blue-chip companies during the second quarter," states Reuters . A number of de-consolidation moves and exits from Venezuela are likely to occur during the this year's third and fourth quarters as American corporations grow increasingly frustrated with Venezuela's Bolivar currency.

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