Plunging Currencies Crimp Asian Firms
By Sean McLain in New Delhi and I Made Sentana in Jakarta —R. Jai Krishna in New Delhi and Jason Ng in Kuala Lumpur contributed to this article.
The Wall Street Journal Europe
03 Sep 2013
Companies in exposed parts of Asia are facing a debt-repayment crunch as plunging local currencies make it more costly to repay foreign loans, a situation that is exacerbating stresses on the region’s economies. Asian companies took out sizable…read more…