Why some US firms take one big hit on Venezuelan businesses
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
AMERICAN companies tired of seeing their earnings badly hurt by Venezuela's crumbling bolivar currency system, can - with the stroke of a pen - get rid of much of the problem.
But it means writing down the value of their Venezuelan businesses to nothing or next to nothing. And that can come with a big one-time charge.
Share with us your feedback on BT's products and services
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Costly renewals: Transforming an old landed house into your dream home is getting harder
