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    1. March 11, 2015

      Spain steps in after US accuses Andorra bank of money laundering

      The Bank of Spain has intervened in the management of a Madrid-based private bank after the US accused its Andorran...

    2. beyondbrics

      March 9, 2015

      Venezuelan default: not likely

      Venezuela has one of the worst managed economies on the planet and its bonds are trading at levels that suggest a...

    Special Reports

    1. The New Colombia 2013

      Policy reforms, improved security and a commodities boom have lead to Colombia’s emerg...
    Search more Special Reports on this topic.

    1. beyondbrics

      January 21, 2015

      Venezuela gets creative with Citgo

      The late Hugo Chávez once rubbished Citgo as a “bad business”. But the US refining unit of PDVSA, Venezuela’s state oil...

    2. beyondbrics

      January 13, 2015

      Venezuelan default: endgame in sight?

      Investors used to studying Venezuela’s financials for signs of impending default might want to switch their attention...

    3. beyondbrics

      January 6, 2015

      Venezuela's FX changes: is that it?

      Another year, another announced change to one of the world’s tightest and most complex foreign exchange regimes....

    4. beyondbrics

      December 10, 2014

      Venezuela's coming nightmare debt holdout saga?

      Last week, Cleary Gottlieb – the US law firm representing Argentina in its debt negotiations – held a packed...

    5. beyondbrics

      November 6, 2014

      Venezuela and Saudi Arabia: friends will be friends

      Ali al-Naimi, Saudi Arabia’s oil minister (pictured above on the right), and Rafael Ramírez, Venezuela’s foreign...

    6. beyondbrics

      October 27, 2014

      Venezuela dances the tango with Citgo

      Venezuelans do not really dance the tango. But in the mooted sale of Citgo, the country’s US refining operation, that...

    7. beyondbrics

      October 22, 2014

      Venezuela's latest surprise default...China!

      Last month Ricardo Hausmann, a normally mild Harvard academic, set off the equivalent of a financial bomb. The...

    8. October 10, 2014

      Venezuela ordered to pay ExxonMobil a further $1bn

      Venezuela has been told by an arbitration tribunal to pay ExxonMobil about $1bn more for the nationalisation of an oil...

    9. beyondbrics

      October 2, 2014

      Venezuelan CDS climbs again as default fears mount

      Investor nerves are once again fraying over Venezuela’s $4.5bn worth of bond repayments due this month, sending the...

    10. beyondbrics

      September 26, 2014

      Venezuela loosens PDVSA's FX restrictions

      Venezuela’s economy is in disarray and many blame its tight foreign exchange system. Some within the socialist...

    11. beyondbrics

      September 25, 2014

      Venezuela: is Maduro back-pedalling on Citgo?

      Nicolás Maduro, Venezuela’s president, made his debut at the United Nations this week. While in New York he talked...

    12. beyondbrics

      September 19, 2014

      Venezuela: CDS climb while breast implants fade

      No devaluation here One could say that a clear sign that Venezuela – a country where beauty enhancements are a serious...

    13. beyondbrics

      September 17, 2014

      S&P: Venezuela has 50:50 odds of default

      By Eric Platt and Andres Schipani Another lurch lower for Venezuela: the country’s sovereign credit rating was cut...

    14. September 15, 2014

      Venezuela: Whose default is it?

      Did you hear the one about the Harvard professor, the Bolivarian revolution and how to spot a looming sovereign...

    15. beyondbrics

      August 28, 2014

      Is Venezuela finally ready to sell Citgo?

      A long-proposed sale of Citgo, the US subsidiary of Venezuela’s state oil company PDVSA, is once again making some...

    16. beyondbrics

      May 14, 2014

      Venezuela: Another round of PDVSA’s bonds

      Venezuela’s state-run oil giant, PDVSA, is calling on bold bond-buyers in the financial sector – and traders say they...

    17. beyondbrics

      January 22, 2014

      Venezuela: new forex system or stealth devaluation?

      Amid a heavily distorted economy battling a spiralling black market rate for greenbacks, Venezuela on Wednesday finally...

    18. beyondbrics

      November 13, 2013

      PDVSA eyes $4.5bn bond sale - but who will buy?

      Roll up, roll up, come get your Venezuelan bonds. That appears to be the message from Venezuelan oil minister Rafael...

    19. beyondbrics

      October 21, 2013

      Putting the brakes on Venezuela's motor racers

      Even the IndyCar Series now appears to have been hit by Venezuela’s currency jousts, another example of the country’s...

    20. beyondbrics

      October 8, 2013

      Venezuela gets new economy head as government veers between pragmatism and radicalism

      Cheer or cry? That’s the question some will be asking after Venezuela President Nicolás Maduro removed his pragmatic...

    21. beyondbrics

      October 2, 2013

      Another oil major pulls out of Venezuela

      The revolving door at Venezuela’s oil sector continued to spin on Wednesday after Lukoil, Russia’s second largest oil...

    22. beyondbrics

      September 30, 2013

      Andean oil: Pacific Rubiales snaps up Petrominerales

      Canada-based Pacific Rubiales Energy, Colombia’s leading independent oil company, which is ranked amongst the world’s...

    23. beyondbrics

      September 17, 2013

      Venezuela to get new FX system (again)

      Venezuela’s economy is in such disarray that there is now a whopping 660 per cent difference between the official...

    24. beyondbrics

      July 27, 2013

      The Weekender, July 27

      The week in emerging markets, with: our most read stories, five things we have learned, our favourite long reads, image...

    25. beyondbrics

      July 25, 2013

      Pacific Rubiales has faith in Colombia

      What do you do if you are a prized oil technician in one of Opec’s leading producers and your nation’s president tells...

    26. beyondbrics

      May 24, 2013

      Sechin: putting Chávez on the map

      When Russia’s Communist party called for a Moscow street to be named after Hugo Chávez in March, the city authorities...

    27. beyondbrics

      April 24, 2013

      Ecuador punts its oil bidding round but China may be only taker

      Ecuador is licensing a chunk of the Amazon. After touring Asia, Europe and North America, the Andean country’s...

    28. beyondbrics

      April 11, 2013

      Maduro: change at PDVSA, and a chance for foreign oil companies?

      If anyone wants Nicolás Maduro to win Venezuela’s presidential elections this Sunday, it is PDVSA, the state oil...

    29. The World

      April 11, 2013

      Venezuela: six challenges for Chávez's successor

      (JUAN BARRETO/AFP/Getty Images) On April 14, Venezuelans will choose a president for the second time in less than a...

    30. beyondbrics

      March 25, 2013

      PDVSA: oil prices up, profits down

      Whoever Hugo Chávez’s successor is, he will inherit the state oil company, known as PDVSA, in less than optimal...

    31. beyondbrics

      March 8, 2013

      After Chávez, will China still be financing chavismo?

      The death of Hugo Chávez this week has deprived Venezuela of a controversial and charismatic leader and left it with a...

    32. March 6, 2013

      Venezuela oil sector limited by obligations

      With the largest oil reserves in the world, Venezuela has long been one of the biggest draws in the oil industry. That...

    33. March 6, 2013

      Oil in Venezuela: reset needed

      PDVSA spent the past 15 years as the gift that kept on giving. The death of Hugo Chávez offers an opportunity for...

    34. beyondbrics

      March 6, 2013

      Further reading: after Chavez

      Wednesday’s picks from the beyondbrics team; why Chavismo is unlikely to die with Chavez; Ophir bets that Tanzania can...

    35. beyondbrics

      March 6, 2013

      Chavez's death and Big Oil

      So Hugo Chávez is dead. Now what? It’s still early days. But one thing to keep an eye on is what Big Oil’s reactions...

    36. Nick Butler

      March 5, 2013

      Venezuela and the oil market after Chávez

      The death of Hugo Chávez and the prospect of a regime change in Venezuela will cause no more than a momentary blip in...

    37. beyondbrics

      February 14, 2013

      Citgo: warming America's homes and hearts

      No sooner did Venezuela’s government spring a devaluation last week than critics seized on the move as an IMF-style...

    38. beyondbrics

      February 11, 2013

      Venezuelan dollar bonds: rally time

      For all the moaning in Venezuela about last Friday’s devaluation (which the most cynical critics were saying was...

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