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

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. More…