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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.

Tags: companies hit venezuela blues

 

Modine profits down on currency impact, market weakness

2015-08-01 02:05:14| Automakers - Topix.net

Modine Manufacturing Co. reported lower sales and profits for the fiscal first quarter Friday on weak demand in some markets and the sharp impact of currency translation.

Tags: market impact currency profits

 
 

Currency headwinds widen Deckers Brands Q1 loss

2015-07-31 17:31:00| Daily apparel & textile news and comment - from just-style.com

Apparel and footwear group Deckers Brands has said currency headwinds will impact margins for the full year, after reporting a steeper first-quarter loss.

Tags: loss brands currency widen

 

Bayer profit up 21% thanks to currency effects

2015-07-29 09:03:15| Chemicals - Topix.net

German pharmaceutical group Bayer AG Wednesday reported a 21% rise in net profit for the second quarter of 2015, boosted by favorable currency effects. Net profit for the period ended June 30 was 1.15 billion euros , compared with EUR953 million in the same period last year, in line with analysts' expectations.

Tags: effects profit currency bayer

 

Venezuelan Currency Chaos Costs Coca-Cola Bottler 95% of Revenue

2015-07-27 09:50:29| Beverages - Topix.net

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The company said Thursday it reduced the value of its revenue from Venezuela by 95 percent as the nation's currency collapses and inflation soars.

Tags: costs currency revenue chaos

 

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