Venezuela has settled debts with at least three global drug companies by giving them bonds that trade at a heavy discount, a further sign of the OPEC nation’s worsening financial Continue Reading
Colombian exports slumped to their lowest level since 2007 in January, as prices fell for the Andean nation’s oil, coal and coffee. Exports fell 37 percent to $1.84 billion from Continue Reading
Venezuela has been in a tailspin since former President Hugo Chavez died in March 2013. But in addition to the country’s visible economic and political deterioration, another crisis is emerging, Continue Reading
Brazil’s Petrobras will slash its five-year investment plan by about one-fifth next month as low oil prices, massive debt and fallout from a corruption scandal hobble its ability to fund Continue Reading
From black gold to black hole. For a stark illustration of how oil price pain is spreading, look no further than the humbled state energy champions of Latin America. The Continue Reading
Forecast Given their fragmented, decentralized structure, Venezuela’s colectivos would have a difficult time openly confronting security forces in the coming year. These groups will try to maintain their independence in Continue Reading
As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of Continue Reading
As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of Continue Reading
Venezuela is planning to move fast with a new mining joint venture announced this week with Spokane, Washington-based Gold Reserve Inc. and will start extracting the precious metal within six Continue Reading
Bonds from Venezuela’s state oil company due in October surged after the country paid $1.5 billion of debt that matured Friday. The $1 billion of notes from Petroleos de Venezuela Continue Reading
