Europe 7 News
Coca-Cola sees currency turning against it
Coca-Cola Co warned on Tuesday that foreign exchange rates that boosted its earnings in the third quarter would turn against the company in the fourth quarter, and that sent its shares down slightly in morning trading. The world's largest soft-drink maker gets the majority of is sales from outside the United States, so shifts in currency and the effects of hedging strategies could have a noticeable
|
|
