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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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Your Money: Cashing in on holiday currency

2015-02-13 23:15:50| BBC News | Business | UK Edition

Getting the best deals on foreign currency

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Goldman Sachs Asks How Yellen Can Raise Rates Amid Currency Wars

2015-02-12 18:55:52| Beverages - Topix.net

The dollar is on a tear, rising to the highest in more than a decade, in part because of the Federal Reserve's plans to raise interest rates this year. Money is flowing to the U.S., where the economy looks pretty good as Europe battles deflation and oil-dependent developing nations sputter as commodities slump.

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PepsiCo FY profits slip on currency woes

2015-02-11 14:00:00| Daily beverage news and comment - from just-drinks.com

PepsiCo has reported flat full-year group sales and a dip in profits, but saw volume growth for its non-carbonated beverage brands in the Americas.

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Syngenta warns of currency drag on earnings

2015-02-04 10:08:03| Chemicals - Topix.net

Basel-based Syngenta, which makes agricultural products designed to improve crop productivity, said that sales this year are expected to be broadly unchanged at constant exchange rates while earnings before interest, taxes, depreciation and amortization will remain flat after rising 1% last year. "We expect to offset the impact of currency devaluations in emerging markets through price increases," Chief Executive Mike Mack said in a statement.

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