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View Full Version : Mazda to Seek Aid After Being Shut Out of Bond Market - Bloomberg



NewsWhore
03-16-2009, 10:40 PM
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Mazda to Seek Aid After Being Shut Out of Bond Market (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaJ.eFt0Qxi8U%26refer%3Dhome&cid=1316105039&ei=sg6_ScHANZGyMZ7DofoJ&usg=AFQjCNEYMpIfsoCOumhbIV3-D39856x8LA)
Bloomberg
The stronger domestic currency cuts Mazda’s earnings when repatriated. Every 1 yen drop against the dollar and euro cuts Mazda’s annual operating profit by 2.6 billion yen and 1.4 billion yen, respectively. In response, the carmaker slashed production ...


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