ESPACIO PUBLICITARIO
CARACAS, Monday December 10, 2012 | Update
 
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FINANCES

Venezuelan debt bonds soar in world markets

The recent announcement made by Venezuelan President Hugo Chávez about a new surgery has made an impact on stock markets

EL UNIVERSAL
Monday December 10, 2012  02:48 PM

Venezuelan debt bonds surged on Monday in global markets following the news given last Saturday by President Hugo Chávez of a new surgery in Havana, according to financial sources.

At midday, the value of securities had rebounded from three to five points, on average. Global bonds, such as those of state-run oil company Petróleos de Venezuela (Pdvsa), had been on the rise in the morning.

The notes performance is linked with the president's choice of his Vice-President and Foreign Minister Nicolás Maduro as his successor if unable to take on a new term in office beginning on January 10, 2013.
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Barriers to property rights

Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.

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