Thursday, October 24, 2013

Reuters: US Dollar Report: Unilever CEO says global economy hit by emerging market currency falls

Reuters: US Dollar Report
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Unilever CEO says global economy hit by emerging market currency falls
Oct 24th 2013, 08:16

Thu Oct 24, 2013 4:16am EDT

LONDON Oct 24 (Reuters) - Unilever Chief Executive Paul Polman said on Thursday that the weakening of about six emerging market currencies at the same time was a shock to the global economy.

What also hurt sales at the consumer goods company was that the currency declines occurred at the same time as competition from rivals increased.

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