Category Archives: http://schemas.google.com/blogger/2008/kind#post

Sudden Plunge in #Venezuela Reserves Alarms Creditors @Business


BofA estimated Venezuela had $77bn of assets available for sale or securitization at the end of the first quarter, down from $81 billion in 2014.

Venezuela’s reserves are dwindling after the price of oil, which accounts for 95 percent of the nation’s export revenue, fell 44 percent in the past year. Traders now see a 44 percent chance the country will default in the next year, the highest in the world and up from 34 percent a month ago.

Facing an ever-worsening shortage of hard currency, President Nicolas Maduro has pulled an average of $65 million a day from central bank reserves since the end of March.

Read the whole article online on Bloomberg here:  The Sudden Plunge in Venezuela Dollar Reserves Alarms Creditors – Bloomberg Business

Sharevar addthis_config = { ui_cobrand: “The MasterFeeds”}http://s7.addthis.com/js/250/addthis_widget.js#username=masterblog

The MasterFeeds

From #Turkey to Tel Aviv #Israel @ForeignAffairs #MasterBlog


//platform.twitter.com/widgets.js
from Twitter https://twitter.com/MasterFeed

May 09, 2015 at 12:04AM
via IFTTT

All Norwegians become crown millionaires, in oil saving landmark


The fund is a success in the sense that parliament has managed to put aside money for the future. There are many examples of countries that have not managed that
 
All Norwegians become crown millionaires, in oil saving landmark | Reuters