HEADLINE NEWS
Devaluation of Asian Currencies Fails To Rattle Airframe Builders
NEW YORK Devastating currency declines throughout Southeast Asia suggest trouble ahead for Boeing and Airbus Industrie, although manufacturers claim they aren’t worried. In the three months ended Sept. 30, the value of Thailand’s currency in U.S. dollar terms dropped more than 30%; Malaysia and Indonesia, about 22%; and Singapore, about 5%.
By ANTHONY L. VELOCCI3 min