Venezuelan President Nicolas Maduro on Wednesday authorized local companies to i...
FILE PHOTO - Venezuela's President Nicolas Maduro takes part in a rally during the commemoration of Hugo Chavez's coup attempt in Caracas, Venezuela February 4, 2020. Miraflores Palace/Handout via REUTERS
CARACAS - Venezuelan President Nicolas Maduro on Wednesday authorized local companies to issue securities in hard currency, amid a broad liberalization of an economy that was for years hemmed in by stringent socialist controls. The change comes on the heels of a share offering by rum distiller Ron Santa Teresa that was meant to take advantage of Maduro’s unexpected liberalization of the economy last year.
“The other important thing that has been proposed is legal authorization for companies to issue securities in foreign currency ... approved!” said Maduro during a televised broadcast.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Okta's Yassir Abousselham joins $25 billion Splunk as CISO - Business InsiderOkta's former chief security officer Yassir Abousselham now has the job of handling security for a security company.
Read more »
New Trump Rule Will Allow Tariffs Against Currency ManipulationThe Trump administration says it will allow companies to pursue tariffs against foreign competitors if they can show those rivals have benefited from currency manipulation in their countries
Read more »
How fear of Trump's China tariffs will cushion a toy company from coronavirus outbreak supply issuesFear of impending China tariffs may have actually given some toymakers a cushion against early impacts from the recent coronavirus outbreak.
Read more »
US warns citizens of sexual assault in SpainThe US is advising its citizens to take precautions against sexual assault when visiting or studying in Spain, according to a security alert issued by the US Embassy in Spain.
Read more »