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MNC Index: A gloomy start to 2015

But Millicom posted an outstanding 26 percent growth By David Ramirez Latin Trade’s Multinational Companies (MNCs) index, which measures the US dollar-revenue of the top 25 MNCs operating in Latin America, fell in the outset of 2015.   The index contracted by 12.8 percent compared with the same quarter in 2014, as total revenues in the firms composing it reached $47 billion, reflecting the region’s waning economic growth and weakening currencies against the US dollar.   Being the largest economy in the region, woes in Brazil kept hampering MNCs dynamics. In particular, falling car sales in the Brazilian market took […]
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