In Fitch's ratings sytem, a "CCC" rating implies "default is a real possibility."» Read More
HAVANA— Colombia's largest rebel group announced an indefinite, unilateral cease-fire Wednesday, saying guerrillas will refrain from staging attacks so long as they aren't targeted by the U.S.-backed military. The Revolutionary Armed Forces of Colombia made the announcement in Cuba at the end of another round of peace talks aimed at ending Latin...
"Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.
What the heck is going on with oil? Jim Cramer can't take the slow death of oil anymore. He shares his guide to navigating this nasty commodity.
At the same event, Venezuela's foreign minister and top OPEC emissary Raphael Ramirez provided his country's answer to Naimi's question: OPEC must act, he told Reuters, because "that is our job. Ramirez said Venezuela would evaluate whether to call for an emergency OPEC meeting after seeing how oil prices perform in the first quarter. Last month, Gulf producers...
NEW YORK, Dec 9- Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation's cash flow, compounding already weak economic conditions. Analysts point out that Venezuela, despite all its debt, is not a heavily indebted nation.
CARACAS, Dec 10- Packing potatoes at his vegetable stand on a sun-baked street in Caracas's hillside Catia slum, Jesus Jimenez fondly recounts voting for late president Hugo Chavez. Like millions in Venezuela's poor "barrios," the chatty father of 14 worshipped the larger-than-life Chavez and benefited from his welfare programs, especially Cuban-staffed...
CNBC's Michelle Caruso-Cabrera reports on weakness in both the Russian and Venezuelan bond market as oil prices continue to pressure government bonds.
Days after OPEC decided not to give into Venezuela's plea to cut oil production, Caracas is on a cash-searching mission.
Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.
This is not a great time to be an oil producer, but some countries are hurting more than others.
NEW YORK, Dec 5- The dramatic drop in oil prices has Venezuela struggling to cover financing gaps. "If present policies are held unchanged, the market sees the height of default risk in two years time," said Michael Roche, emerging markets fixed-income analyst at the Seaport Group. Venezuela's Expected Default Frequency- Moody's market-based measure of credit...
Dan Eberhart, CEO at Canary, says there is a "battle royale" going on between OPEC and U.S. shale producers.
Ian Bremmer, Eurasia Group president, discusses the impact of oil's decline on Venezuela, Nigeria, and Russia.
For Saudi Arabia, blocking cuts in oil production protects market share. But for Venezuela, it may mean "game over" for the economy.
The drop in oil prices affects Latin American countries in different ways when it comes to investment, says Juan Sartori, founder and executive chairman at Union Group - especially Brazil and Venezuela.
Joe Magyer, Senior Analyst at The Motley Fool, describes the reaction of emerging market assets to plunging oil prices.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.
Andrew Cowen, Deputy CEO at Hong Kong Express, says oil makes up about 45 percent of costs so the commodity's recent decline translates into higher profits ahead.
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.