Latin American revenues of the Top 25 multinational companies operating in the region plunged to a total of $40.2 billion in the second quarter, down from the $47 billion in the same period last year, Latin Trade’s MNC Index shows. While most companies remained roughly in the same spot in the ranking, Finland’s Nokia went up from spot 25 to 22 this year. The surge comes despite being hit by a total revenue loss as customers postpone new orders while the Finnish firm integrates its purchase of Alcatel-Lucent. Kellog Company and Halliburton were hit with the steepest declines in their Latin American revenue, with a 37.8 and 37.9 percent drop respectively. But three U.S.-based firms made it into the top […]
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