Senior Correspondent, New York
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Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014

Venezuelan debt plunges, default horizon is hazy

NEW YORK (Reuters) – 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.

Markets are gearing up for a default, but some analysts, investors and economists point out the government has options to delay such a day of reckoning. President Nicolas Maduro insists the government will make all payments and has never missed one to its foreign creditors.

Dec 9, 2014
Dec 9, 2014
Dec 9, 2014
Dec 9, 2014
    • About Daniel

      "Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
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