Financial Times (April 27)
2015/ 04/ 28 by jd in Global News
While Japanese companies benefit from currency gains on overseas sales, U.S. companies are feeling the heat. “A surge in the US dollar has already wiped more than $20bn from first quarter sales at the largest US companies, a sum larger than revenues generated by Intel, Caterpillar or Goldman Sachs in the first three months of the year.” The figure could potentially double as Q1 reporting in the U.S. was still near the halfway mark.
Tags: Caterpillar, Currency gains, Dollar, Goldman Sachs, Intel, Japan, Overseas sales, Q1, U.S.
