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Venezuela, a nation spiraling into a humanitarian crisis, has missed a debt payment. It could soon face grim consequences. The South American country defaulted on its debt, according to a ...
Venezuela didn't pay its bills last week. It also owes a lot more money very soon as it spirals further into chaos. The country's government and its state-run oil company missed five small debt ...
CARACAS—A looming debt default for Venezuela, long seen as catastrophic for the country’s oil-dependent economy, may yet provide a vital political boost for embattled President Nicolás Maduro ...
As creditors meet in Caracas to renegotiate the country's foreign debt, BBC South America correspondent Katy Watson takes a closer look at Venezuela's debt problem and the challenges facing the ...
Venezuela’s debt crisis passed a new milestone as the government missed a principal payment on one of its bonds for the first time this week, boosting arrears on international securities to $6.1 ...
Venezuela's external debt rose to $156 billion in 2018, a new report estimates. That means the amount it owes is about 738% of the value of exports. As oil exports continue to decline, debt will ...
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 ...
With accrued interest, we’re looking at $92bn. A few more years of past-due interest heaping up and Venezuela’s debt restructuring might even supplant Argentina’s in size as well as lengthiness.
They could be part of a solution for oil-rich but crisis-stricken Venezuela to reduce its $160 billion debt load, said the people, who asked not to be identified. Sign up here. But further swaps ...
The chart below shows Venezuela's inflation rate from the 1970s to 2017. Read next BI Tech Memo Where Big Tech secrets go public — unfiltered in your inbox weekly. Sign up Jump to ...
Last year, it reduce debt by $1.1 billion and by $473 million so far this year. Venezuela-related expropriation claims at U.S. courts pursuing Citgo's assets surpass $20 billion, while the company ...
President Nicolás Maduro said on 2 November that the country would "refinance and restructure" all of Venezuela's external debt, meaning that the government would effectively renegotiate the ...