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Tag: currency
McCormick's earnings stymied by unfavorable currency rates, special charges
2015-07-01 14:37:01| Food - Topix.net
McCormick & Co. announced its second-quarter earnings Wednesday, with unfavorable currency rates and special charges dragging its numbers down below the consensus prediction.
Tags: special
rates
charges
currency
GM sees $600 million expense due to currency swings in Venezuela
2015-07-01 09:49:37| Automakers - Topix.net
The largest US automaker and the third biggest in the world, General Motors, has recently announced it would incur a pre-tax charge of around $600 million because of currency devaluation in Venezuela. The move shows automakers are once more in jeopardy if they operate in the South American country, with GM's "re-measurement" being for the automotive cost of sales in the troubled economy during the second quarter of the year, according to a company filling with the US Securities Exchange Commission.
Tags: due
million
venezuela
currency
Oracle profit, sales miss estimates on currency, licenses
2015-06-18 02:18:07| Telecom - Topix.net
Oracle's fiscal fourth-quarter sales and profit fell short of analysts' estimates, hurt by currency fluctuations and sagging sales of new products to new and existing customers. Revenue fell 5.4 percent to $10.7 billion in the period ended May 31, and profit before certain costs was 78 cents a share, the Redwood City, California-based company said in a statement.
Tags: sales
miss
profit
estimates
H&M Q2 sales up but hit by currency
2015-06-15 12:12:00| Daily apparel & textile news and comment - from just-style.com
Swedish apparel retailer Hennes & Mauritz (H&M) saw its sales grow in the second quarter and for the month of May, but was hit by currency and calendar effects.
Zimbabwe phasing out local currency
2015-06-12 06:26:21| BBC News | Business | UK Edition
Zimbabwe is withdrawing its local currency from circulation, formalising a multi-currency system introduced at the height of hyper-inflation.
Tags: local
currency
zimbabwe
phasing
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