The Venezuelan Stock Market Commission (CNV) ordered Tuesday
to suspend for 24 hours trading of Cemex Venezuela shares,
following the expropriation announcement made on the eve by
Venezuelan authorities.
Cemex's type 1 shares fell 2.82 percent on early trading,
whereas type 2 shares were down 1.43 percent. The price of
both shares in Caracas Stock Market is VEB 0.69, Reuters said.
Cemex Venezuela was controlled by Mexican company Cemex,
which is the world's third largest cement company.
Oil Scenario
HYDROCARBONS Rafael Ramírez, Venezuela's Minister of Petroleum and Mining and president of state-run oil company Petróleos de Venezuela (Pdvsa) specified that oil exports to China would be equal to current shipments of Venezuelan oil to the United States.
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