UPDATE 1-U.S. companies rush to insulate themselves against Venezuela's currency, economic woes

CARACAS/NEW YORK, May 14 (Reuters) – A growing number of U.S. companies say they can’t cope with Venezuela’s sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. In other cases, they have exited the country altogether through a sale or by simply shuttering their businesses there.


Source: Technology Sector News

Leave a Reply

Your email address will not be published. Required fields are marked *

six + twelve =