Venezuela

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Venezuela’s Bond Surge Shows There’s Still Faith in the World's Biggest Loser

Venezuelan debt is kicking off 2018 on a tear. The nation’s bonds, which led global losses in 2017 after the government declared it needed to restructure its debt, have returned a world-leading 12 percent, Bloomberg News reported. That’s four times what ...

Daily Headline - global.abi.org - 01/17/2018 - 22:52 - 0 comments

Venezuelan Bonds Bake In Permanent Default

Bonds investors are finally acting like they’ve lost hope that Venezuela will make any future debt payments, The Wall Street Journal reported. Traders debated for weeks about whether to continue pricing the oil-rich country’s sovereign debt with the ...

Daily Headline - global.abi.org - 01/10/2018 - 22:10 - 0 comments

Fund Managers Set to Mark Down Venezuela Bond Holdings

Fund managers holding Venezuela government bonds face a day of reckoning after months of waiting for more than half a billion dollars in late interest payments, Bloomberg News reported. Since November, investors following guidelines established by the Em ...

Daily Headline - global.abi.org - 01/09/2018 - 23:28 - 0 comments

Never Mind the Defaults, Venezuela Has Made Many Bondholders Rich

Venezuela’s bonds have lost about three-quarters of their value, reflecting a dozen missed payments by the government and the state-owned oil company. But many of their bondholders are still feeling flush, The Wall Street Journal reported. A number o ...

Daily Headline - global.abi.org - 01/03/2018 - 23:10 - 0 comments

Venezuela Misses Another Debt Payment, Raising Stakes for Bondholders

Venezuela has defaulted on another debt obligation, according to S&P Global Ratings, intensifying investor fears about the country’s ability to make more than $9 billion in bond payments due in 2018, The Wall Street Journal reported. The ratings f ...

Daily Headline - global.abi.org - 01/03/2018 - 00:11 - 0 comments

Once a Cash Cow, Venezuela’s Oil Company Now Verges on Collapse

As the rest of the oil-producing world recovers on the back of stronger energy prices, Venezuela is getting worse, the result of dysfunctional management, rampant corruption and the country’s crippling economic crisis, the New York Times reported. Th ...

Daily Headline - abi_admin - 12/27/2017 - 22:45 - 0 comments

Crystallex Pursues Citgo as Venezuela Misses Settlement Payment

Mining company Crystallex International Corp said on Thursday Venezuela failed to honor a settlement and urged a federal judge to allow it to seize control of U.S. refiner Citgo Petroleum Corp., which is owned by the country’s state oil company, Reuters ...

Daily Headline - abi_admin - 12/21/2017 - 23:38 - 0 comments

Venezuela's Bond Investors Are Wondering If They've Been Dumped

Venezuela investors are worried they’re getting ghosted. That’s the concern among a growing number of sovereign bondholders six weeks after the government’s mysterious announcement that it would seek to restructure its debt while also continuing to pay w ...

Daily Headline - global.abi.org - 12/19/2017 - 21:49 - 0 comments

Chinese Firm Sues Venezuela as Crisis Tests Ally's Patience

One of China's biggest state-run conglomerates has sued a Venezuelan counterpart in a U.S. court in a dispute over unpaid bills, a sign of Beijing's growing impatience with its socialist South American ally as it slides into bankruptcy, the I ...

Daily Headline - global.abi.org - 12/07/2017 - 22:46 - 0 comments

Sinopec Sues as China Loses Patience with Venezuela

One of China’s biggest state-owned oil companies is suing its Venezuelan counterpart in a US court, in a sign that Beijing’s patience over unpaid debts is running out as the Caribbean nation falls deeper into economic and social chaos, the Financial Ti ...

Daily Headline - global.abi.org - 12/06/2017 - 22:34 - 0 comments

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