Finance

Finance

A stable Venezuela could offer visitors more than just oil

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For obvious reasons, financial discussions around Venezuela’s future mostly revolve around its enormous oil reserves. But Donald Trump’s talk of turning Gaza into a “Riviera of the Middle East” last year suggests it is worth … Read more

Finance

Food wins, fashion loses in UK retail’s underwhelming Christmas

UK retailers are counting the cost of an underwhelming Christmas, in which the reluctance of cautious consumers to spend on much outside of their festive food shop pushed some of the high street’s weaker players to the brink of collapse. In a deluge of trading updates this week, Tesco, Marks and Spencer and Sainsbury’s reported … Read more

Finance

US oil giant ExxonMobil tells Donald Trump Venezuela is ‘uninvestable’

ExxonMobil has warned that Venezuela remains “uninvestable” without “significant changes” in a rebuke to Donald Trump’s call for oil companies to pour billions of dollars into revitalising its oil industry. Darren Woods, chief executive of the biggest US oil major, struck a sceptical tone at a televised White House gathering of energy bosses on Friday … Read more

Finance

Venezuelan currency plunges as economy choked by US blockade

Venezuela’s currency has fallen nearly 20 per cent on the black market since the US capture of President Nicolás Maduro, as uncertainty pushes citizens to hoard dollars and the partial US oil blockade chokes the crumbling economy. The plunge adds to the pressure on interim president Delcy Rodríguez to strike a deal with the US … Read more

Finance

What is to stop Trump upending the rules in global finance too?

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has embarked on an audacious power grab in Latin America with his military assault on Venezuela, and spoken apparently seriously of his “need” to gobble up Greenland too, in a bombastic … Read more

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