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Venezuela president solution to inflation: Change money

CARACAS, Venezuela— President Nicolas Maduro attempted to tackle Venezuela's staggering inflation Thursday by lopping three zeros off the increasingly worthless currency called the bolivar. Venezuela holds the world's largest oil reserves and once shined as one of Latin America's wealthiest nations. A fall in global oil prices and a collapse in...

Source: The Associated Press

Northern Brazil overwhelmed by desperate, hungry Venezuelans

PACARAIMA, Brazil— Hungry and destitute, tens of thousands of victims of Venezuela's unrelenting political and economic crisis are trying their luck in Brazil— a country where they do not speak the language, conditions are often poor and there are few border towns to receive them. Montero, who said she lost 57 pounds the last year from eating just one meal a day,...

Source: The Associated Press

Venezuela city issues own currency to combat national cash crisis

SAN CRISTOBAL, Venezuela, March 17- A western Venezuelan city began to issue its own currency this week to alleviate the hyper-inflationary country's cash crisis. The "Elorza" currency, with bills featuring the face of local independence leader Jose Andres Elorza, will be valid in the city of Elorza, near Venezuela's border with Colombia. Venezuela's national...

Source: Reuters

Asterias Biotherapeutics Reports Fourth Quarter and Full Year 2017 Financial Results and Recent Developments

-Conference Call and Webcast Today, March 15, at 5:00 p.m. ET-. FREMONT, Calif., March 15, 2018-- Asterias Biotherapeutics, Inc., a biotechnology company dedicated to developing cell-based therapeutics to treat neurological conditions associated with demyelination and cellular immunotherapies to treat cancer, today reported financial and operational...

Source: Globe Newswire

Don't believe the hype: Wall Street is still a 'white man's world'

Is Wall Street really changing it's white male dominated ways? Not so fast, says William D. Cohan.


Jesus Chavez Promoted to Chief Operating Officer at mitú, Leading Latino Digital Media Company

LOS ANGELES, March 13, 2018/ PRNewswire/-- mitú, the leading digital media brand for Latino millennials, today announced the promotion of Jesus Chavez to Chief Operating Officer. Chavez is based in the company's Los Angeles headquarters and reports to Herb Scannell, mitú's CEO. Jesus is a seasoned digital and Latino audience expert having spent nearly a decade...

Source: PR Newswire

INTERVIEW-'Destroyed' Venezuela needs $15 bln per year: presidential hopeful's aide

CARACAS, March 13- Venezuela needs to dollarize its economy, seek $15 billion to $20 billion a year from abroad, and ease oil sector taxes to reverse the "disaster" of President Nicolas Maduro's rule, according to an adviser to his main election rival. Former state Governor Henri Falcon, who will face Maduro in a May 20 presidential vote, has tapped a 48- year-old...

Source: Reuters

Venezuela annual inflation exceeds 6,000 pct in Feb -National Assembly

CARACAS, March 12- Prices in Venezuela rose 6,147 percent in the 12 months to the end of February, according to estimates by the country's opposition-led National Assembly released on Monday, broadly in line with independent economists' figures. Nicolas Maduro's administration blames the problems on an alleged economic war waged by the opposition and...

Source: Reuters

RPT-UPDATE 1-Mexico leftist courts bankers with pro-business, anti-graft vows

Speaking in the Pacific resort of Acapulco at an annual banking convention, Lopez Obrador received applause from the well-heeled audience for a speech that sought to build bridges with a pro-business message of gradual change and unity. Lopez Obrador reminded his audience that he had worked with the private sector when he ran Mexico City as mayor from...

Source: Reuters

RPT-EXPLAINER-How tariffs, trade war fears roil U.S. financial markets

But he exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries, while other countries can apply for exemptions. "It is good news to see Canada and Mexico carve out. It is also good news to see some flexibility on others, "said David Kotok, chairman and chief investment officer with Cumberland Advisors in Sarasota, Florida.

Source: Reuters