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In fragile economy, Venezuela arrests opposition figures: Why you should care

2015-02-21 00:23:25| Energy - Topix.net

Imagine what would happen if the U.S. president accused a big-city mayor who opposed him politically of plotting to overthrow the government -- and then federal agents arrested the mayor. Something just like that is unfolding in oil-rich Venezuela.

Tags: you care economy figures

 

Telefonica in 2.84bn Venezuela writedown

2015-02-17 01:00:00| Total Telecom industry news

Spanish incumbent switches to lower bolivar exchange rate, resulting in lower operating, net profit from local unit.

Tags: venezuela telefonica writedown

 
 

Venezuela is causing havoc on U.S. companies

2015-02-11 18:52:26| Beverages - Topix.net

Pepsi said Wednesday that it took a $126 million hit last year because of Venezuela's currency, the bolivar, losing value. Pepsi warned that if the bolivar devalues any more than it already has, it will be a big drag on 2015 profits as well.

Tags: us companies venezuela causing

 

Venezuela begins sugar occupation

2015-02-09 08:55:50| Sugar Industry News

National guardsmen and state price adjusters are fanning out across Venezuela to impose a military-style occupation with an unusual goal - Making sure shoppers can buy enough sugar.

Tags: venezuela begins occupation sugar

 

Exxon 4Q profit sags, but taxes, Venezuela ruling help

2015-02-02 16:02:09| Oil & Gas - Topix.net

Exxon Mobil Corp.'s earnings fell 21 percent in the fourth quarter because of a sharp drop in global crude oil prices. But results still beat Wall Street expectations on lower taxes, a favorable ruling in a dispute with Venezuela, and a strong performance from its chemical division.

Tags: help profit taxes venezuela

 

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