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View Full Version : Cemex Drops as Santander Says Weak Peso Hurts Profit - Bloomberg



NewsWhore
03-05-2009, 04:40 PM
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Cemex Drops as Santander Says Weak Peso Hurts Profit (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaG3pFdHV3a3g%26refer%3Dlatin_america&cid=0&ei=dkewSZiDGZCk0QXO57j-Aw&usg=AFQjCNGQPRmZEdtRPeSopT_hog-9iltj0w)
Bloomberg
“The weak demand for its products in the US and Europe could offset the positive impact of foreign- exchange rates on sales” at a time when a dropping peso increases the costs of debt held in a foreign currency. US and European stocks plunged today, ...


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