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Weaker Euro Aids Region's Exporters

Wednesday, August 1, 2012

WN.com - World News
Latest headlines from WN Network
Weaker Euro Aids Region's Exporters
Aug 2nd 2012, 02:14

By VANESSA FUHRMANS BERLIN—Europe's deepening economic crisis is taking a big bite out of corporate earnings, but it is providing one silver lining to the Continent's major exporters: a weaker and more competitive euro. Amid the gloom permeating earnings reports on both sides of the Atlantic this week, companies ranging from Bayer AG to Airbus parent European Aeronautic Defence & Space Co. to HeidelbergCement AG have lifted forecasts, citing the boost their exports are getting from the euro's slide to nearly two-year lows. German luxury auto maker BMW AG, which has sold 68% of its cars and motorcycles outside of the euro zone this year, on Wednesday said the €4.4 billion...

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