The multilateral bank that serves impoverished Andean economies received a warm reception for its long term bond issue from wary European investors.
Category: Regions
Posted inWeb Articles
Resource Rich, Cash Poor
PDVSA needs to invest more to keep current energy production at its present level. Rising operating and production costs are making the goal more elusive.
by Brian S. McBeth
Posted inWeb Articles
Riding Out the Storm
As Venezuela confronts one of the most turbulent periods in its recent history, the government and its people struggle to hold on to democracy and to a cohesive society. Jonathan Wheatley reports in this supplement.
Posted inWeb Articles
Tending Both Sides of the Budget
Jesús Bermúdez, Venezuela’s deputy finance minister, says the government has assembled a coherent plan to attack one of the country’s most serious economic weaknesses, its deteriorating […]
Posted inWeb Articles
The Battle to Stay Afloat
Companies in Venezuela’s non-oil sector have had a hard time staying in business because domestic demand is weak and a strong bolivar shut them out of export markets.
Posted inMagazine
Business & Banking
MetLife Buys Mexico’s Hidalgo MetLife, the largest insurer in the United States, has agreed to buy Mexico’s state-owned Aseguradora Hidalgo for $965 million in cash, outbidding rival insurers aiming to […]
Posted inWeb Articles
Absorbing Extra Currency
Despite having one of the world’s richest oil reserves, Venezuela’s economy must still fight to overcome the effects of an overvalued currency and an unstable business environment.
Posted inMagazine
Hauling in High-Yield Investors
A Sub-investment grade Mexican railroad company took advantage of an openeing in the US junk bond market to issue $180 million worth of 10-year paper.
Posted inWeb Articles
Down and Out of Fuel
Despite having one of the world’s richest oil reserves, Venezuela’s economy must still fight to overcome the effects of an overvalued currency and an unstable business environment.