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Venezuela's currency devaluation set to further hurt U.S. companies' profits

2015-02-14 08:17:36| Paper - Topix.net

A massive effective devaluation of Venezuela's bolivar currency will likely badly dent 2015 earnings at a swath of major U.S. companies. The decision, announced late on Thursday, would almost wipe out the $7.1 billion of Venezuelan monetary assets currently held on the books of 10 large American companies.

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