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It is easier to just follow the money
[April 17, 2012]

It is easier to just follow the money

Apr 17, 2012 (The Australian Financial Review - ABIX via COMTEX) -- A growing number of Australian companies are reporting their results in US currency. There are already about 50 companies listed on the Australian stock exchange that report in foreign currencies. As companies grow, they earn more of their income overseas. Mining companies are likely to report in US dollars, as it is the currency in which global commodities are sold. Companies reporting in US dollars include Computershare, QBE Insurance, CSL, News Corporation and BHP Billiton.

Publication Date: 18 April 2012 COMPUTERSHARE LIMITED - ASX CPU QBE INSURANCE GROUP LIMITED - ASX QBE CSL LIMITED - ASX CSL NEWS CORPORATION - ASX NWS BHP BILLITON LIMITED - ASX BHP ASX LIMITED - ASX ASX MEDUSA MINING LIMITED - ASX MML LONDON STOCK EXCHANGE FORTESCUE METALS GROUP LIMITED - ASX FMG

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