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U.S. companies face billions in Venezuela currency losses, Reuters analysis shows

2015-02-02 11:27:34| Biotech - Topix.net

At least 40 major U.S. companies have substantial exposure to Venezuela's deepening economic crisis, and could collectively be forced to take billions of dollars of write downs, a Reuters analysis shows. The companies, all members of the S&P 500, and including some of the biggest names in Corporate America such as autos giant General Motors and drug maker Merck & Co Inc , together carry at least $11 billion of monetary assets in the Venezuelan currency, the bolivar, on their books.

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U.S. companies face billions in Venezuela currency losses, Reuters analysis shows

2015-02-02 07:29:47| Paper - Topix.net

At least 40 major U.S. companies have substantial exposure to Venezuela's deepening economic crisis, and could collectively be forced to take billions of dollars of write downs, a Reuters analysis shows. The companies, all members of the S&P 500, and including some of the biggest names in Corporate America such as autos giant General Motors and drug maker Merck & Co Inc, together carry at least $11 billion of monetary assets in the Venezuelan currency, the bolivar, on their books.

Tags: shows analysis companies face

 
 

CME: Appreciation of US Dollar a Key Issue for Livestock Companies

2015-02-02 01:00:00| ThePigSite - Industry News

US - A key issue facing US livestock and poultry companies this year will be the appreciation of the US dollar.

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Quakes may mean legal issues for oil companies

2015-02-01 23:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Topeka Capital-Journal: The shaking comes suddenly. The quakes last night were two quick shocks and they were probably within a quarter second of each other, Frank Smith explains. Smith lives about 10 miles east of Anthony, a small town southwest of Wichita. Early Tuesday morning, he once again felt a tremor, as he has so often during the past year. Smith is convinced the earthquakes are caused by the oil and gas operations that have proliferated in his part of the state in recent years. Increasingly, state government...

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Falling Oil Prices: Could Steel Companies Be the Next Victim?

2015-02-01 16:09:32| Oil & Gas - Topix.net

The impact of falling oil prices isn't contained to just the oil industry. There's a ripple effect starting to be felt well beyond the oil patch.

Tags: next prices companies oil

 

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