By | Reuters | 9 months 1 week ago | Business
CARACAS/NEW YORK (Reuters) - Venezuela's cash-strapped government insisted it had successfully begun efforts to refinance some $60 billion in bonds, though creditors disagreed following fruitless talks and a ratings firm declared the nation in selective default.
By LANDON THOMAS Jr. | NYT | 9 months 1 week ago | Business
A line at an A.T.M. on Tuesday in Caracas, Venezuela. Investors taking the long view believe that the government will find a way to keep paying what it owes.
By John Detrixhe | Quartz | 9 months 1 week ago | Business
For a country whose people are running short on food and medicine, Venezuela has kept a surprisingly good record of paying its debts on time. But this week, one of the country’s last vestiges of normalcy was erased when credit rating firm Standard & Poor’s said the country was in default . Though it has teetered on the brink for years, Venezuela recently failed to make $200 million in coupon payments...