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VENEZUELA CURRENCY COLLAPSE
Cuba unveils historic package of free-market reformsIn a landmark speech to National Assembly, Prime Minister Manuel Marrero detailed 176 measures aimed at rolling back the state's role in th...- US eases Venezuela sanctions after oil sector reformsAmerica has eased sanctions on Venezuela's oil sector. This follows reforms allowing American companies to re-enter the industry. Venezuela...
- Heavy Crude, Heavy Consequences: Why Venezuela’s shock tests Canada’s oil economyA U.S. operation in Caracas and plans to assume control of Venezuela’s oil assets have revived heavy crude flows, posing a direct competiti...
- Geopolitical risk returns to fore as Venezuela upheaval tests investor sentimentGeopolitical risk has resurfaced as a key market driver after the U.S. capture of Venezuela’s president, with investors weighing near-term ...
- Venezuelan Bolivar in freefall: Maduro locks Up economists, blocks Dollar sites to hide the damageVenezuela faces economic turmoil as its currency crashes. President Nicolas Maduro's government is arresting economists and shutting down w...
- Venezuela's inflation hit 686.4% in 2021, says central bankThe deceleration in prices follows government measures which include the restriction of credit and lower spending in bolivars to maintain t...
- Venezuela introduces new currency with 6 fewer zerosThis is the third time Venezuela's socialist leaders have lopped zeros off the currency. The bolivar lost three zeros in 2008 under the lat...
- Cheap electricity a boon for bitcoin mining in cash-strapped VenezuelaAt the enterprise called Doctorminer, in eastern Caracas, nearly 80 computers -- worth about $400 apiece and each the size of a shoebox -- ...
- IMF sees Venezuela inflation at 10 million per cent in 2019Venezuela's economy has steadily deteriorated since the crash of oil prices in 2014 left it unable to sustain a socialist system of subsidi...
- In broke Venezuela, a haircut costs 5 bananas and 2 eggsIn the hyperinflationary country, where bank notes are as difficult to find as chronically scarce food and medicine, people are increasingl...
- Rupee dives to one-week low of 67.50 on oil scareSustained demand for the greenback from state-run banks weighed on the currency.
- Follow the millionaires: Why exodus of the wealthiest should worry IndiaNo country in the world gains by losing its wealthiest residents.
- Bitcoin can't save world's autocrats from the sanctions squeezeAny autocrat eyeing bitcoin as a sanctions safe haven must confront a simple matter of scale.
- Inflation@720%, yet stocks up 1,100%: Venezuelan equity poses ultimate puzzleOn Monday, the nation’s equity benchmark rose 3,603 points, or nearly 3 per cent to 139,399.
- India may be only hope of oil producing nations struggling for Opec output dealIndia, which relies heavily on imports, is seeking to diversify purchases to guard against the geopolitical risks tied to the biggest suppl...
- Dark global clouds over Russia and China signal risk of bad days aheadThe slide began with western sanctions, was exacerbated by oil price fall, and became a debacle when investors began fleeing roubles for do...
- Well-off Venezuelans say Chavez led them to StanfordVenezuelan money is estimated to represent more than one-quarter of the $8 billion that US investigators say was invested in fraudulent Sta...
- Gulf states mull revaluing currenciesGulf states, including Saudi Arabia and the United Arab Emirates, may revalue their currencies while maintaining their pegs to the US dolla...
- Divided OPEC meets for rare summitOPEC heads of state met in Riyadh on Saturday for a rare summit, with the organisation divided over the falling US dollar and attempts to g...
- OPEC to launch environment fund to reduce carbon emissionOrganisation of Petroleum Exporting Countries (OPEC) is likely to launch an environment fund to cut carbon emissions.
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