Unilever CEO says global economy hit by emerging market currency falls
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.
- U.S. man sues soccer star Cristiano Ronaldo over CR7 trademark
- Moscow fights back after sanctions; battle rages near Ukraine crash site |
- Netanyahu vows to complete Gaza tunnels destruction
- Argentina defaults but investors see eventual deal possible
- Obama to Republicans: ‘Stop just hatin’ all the time’