Via Business Insider, a look at Venezuela’s accelerating economic crisis: Venezuelan investors are abandoning ship en masse after the government indicated that it would not take immediate measures to stop the country from sinking deeper into chaos. “I am scared as hell,” one Latin American bond trader said. “Default [is] likely within 12 months; the oil […]
Read more »Via the Miami Herald, a look at Cuba’s investment needs: Cuba asked international companies on Monday to invest more than $8 billion in the island as it attempts to kick-start a centrally planned economy starved for cash and hamstrung by inefficiency. Foreign Commerce Minister Rodrigo Malmierca Diaz announced a list of 246 potential projects […]
Read more »Courtesy of the Financial Times, a report on Peru’s economy: In less than 24 hours Peru’s economy – once feted as Latin America’s star and now struggling with a slowdown – suffered two blows. First, on Sunday evening, the surprising loss of its respected finance minister, Luis Miguel Castilla. Then, on Monday morning, the announcement […]
Read more »Courtesy of The Financial Times, a look at the Tehran Stock Exchange: The best performing stock market in the world in 2013 was up 130 per cent last year*. The country it serves has a population of nearly 80m, some 40 per cent of whom are under the age of 24. It has one of […]
Read more »Courtesy of STRATFOR (subscription required), an interesting look at Sonangol, Angola’s national oil company: Summary Before Angola’s independence in 1975, Portugal imposed a contentious and hastily thrown together power-sharing deal among Angola’s three main ethnic groups: the Bakongo, Mbundu and Ovimbundu. This pact unraveled quickly after independence as Angola descended into a three-way civil war. […]
Read more »Via Ozy, an interesting look at Myanmar: Myanmar-China natural gas pipeline in the city of Laibin, located in south China’s Guangxi Zhuang Autonomous Region Thinking of investing in Myanmar? Just maybe it will be possible soon. The last time Myanmar launched a stock exchange was during its dark days of isolation in the mid-1990s when […]
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