Venezuela

International Crime Scholar Pleads Guilty in Money-Laundering Case
Risk & Compliance

International Crime Scholar Pleads Guilty in Money-Laundering Case

Bruce Bagley said he knew the funds were connected to corrupt projects in Venezuela.
By Lauren Muskett | June 2, 2020
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Chevron Ordered to ‘Wind Down’ Venezuela Operations
Risk & Compliance

Chevron Ordered to ‘Wind Down’ Venezuela Operations

The move by the Trump administration comes as crude prices plummet.
By Lauren Muskett | April 22, 2020
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Kellogg Shuts Down Cereal Plant in Venezuela
Strategy

Kellogg Shuts Down Cereal Plant in Venezuela

The company cites Venezuela's economic crisis but President Nicolas Maduro says the factory will continue production under worker control.
By Matthew Heller | May 16, 2018
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Venezuela to Start Cryptocurrency Pre-Sale on Feb. 20
Global Business

Venezuela to Start Cryptocurrency Pre-Sale on Feb. 20

Critics say the "petro" is illegal, but President Nicolas Maduro believes it will have a "great impact" on the country's embattled economy.
By Matthew Heller | January 31, 2018
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U.S. Tightens Economic Vise on Venezuela
Strategy

U.S. Tightens Economic Vise on Venezuela

The White House wants to ensure U.S. banks cannot be used to help finance the expansion of undemocratic rule in Venezuela.
By Matthew Heller | August 25, 2017
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GM Halts Venezuela Production as Plant Seized
Strategy

GM Halts Venezuela Production as Plant Seized

The seizure of GM's only Venezula factory "was granted and enforced in total disregard of [GM's] right to due process," the company says.
By Matthew Heller | April 20, 2017
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South America Deflates Goodyear’s Earnings
Tax

South America Deflates Goodyear’s Earnings

Despite a $646 million writedown of its operations in Venezuela, Goodyear will maintain manufacturing and sales operations there.
By Katie Kuehner-Hebert | February 9, 2016
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American Airlines to Take $592M Currency Charge
Risk

American Airlines to Take $592M Currency Charge

Globally, airlines have around $3.7 billion trapped in Venezuela as a result of its 12-year-old currency control system.
By Katie Kuehner-Hebert | January 12, 2016
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Norway Ranked Least Risky for Supply Chains
Supply Chain

Norway Ranked Least Risky for Supply Chains

Venezuela, on the other hand, was ranked most risky, thanks to an unstable economy, high inflation, and "malfunctioning markets."
By Matthew Heller | April 1, 2015
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Writedowns Coming from Venezuela Exposures
Global Business

Writedowns Coming from Venezuela Exposures

S&P 500 companies with $11 billion in monetary assets in Venezuela could get hit hard by the country's currency controls.
By Matthew Heller | February 2, 2015
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