Venezuela's struggling economy is creating losses of millions to
foreign businesses like PepsiCo and Coca-Cola. PepsiCo said Wednesday that it
lost $126 million last year because the bolivar, Venezuela's currency, lost
value. The company warned that if the bolivar is devalued again, it would harm
2015 profits. Fourth-quarter profits for PepsiCo fell by 25 percent. The
company states there's "significant uncertainty" about the country's
currency. More....
No comments:
Post a Comment