Money Markets
Weaker euro signals difficult times for European companies
The euro in use in the Euro Zone. Photo/REUTERS
By REUTERS
(email the author)
Posted Thursday, March 18 2010 at 00:00
Posted Thursday, March 18 2010 at 00:00
Stronger dollar
As a result, the stronger dollar – which has also risen against the Danish krone – will add only 1 to 2 per cent to operating profit in 2010, Ingildsen said.
Even rising energy prices are not unambiguously bad for European companies.
Costly oil plays to Europe’s strengths in energy-saving technology.
RSS