By Marianna Parraga
February 27, 2016 11:23 AM
HOUSTON (Reuters) - As Venezuela
grows closer to exhausting nearly every means of paying its debt, some
oil market participants are seriously pondering the possible
implications of an unprecedented event: the default of a major crude
producing company.
State-run
firm PDVSA faces around $5.2 billion in payments to bondholders in 2016,
much of it in October and November, a sum that some experts say it will
be hard-pressed to meet after the government used nearly all of its
available cash reserves to pay $1.5 billion in maturities last week.
Silicon Valley Shaken as 19 Start-Ups See their Valuations Slashed
Vanity Fair
The latest signs of the bubble bursting could be shaky investor confidence in the private market. In the last month, conservative, high-profile investor Fidelity has written down more than a dozen of its investments in richly valued tech start-ups, Fortune reports.
Silicon Valley Shaken as 19 Start-Ups See their Valuations Slashed
Vanity Fair
That sound you hear is the hot air leaking out of the tech bubble.
When
the dot-com bubble came apart more than 15 years ago, it leaked for a
year before bursting, suddenly and cataclysmically, wiping out $6
trillion in household wealth in the process. But when it comes to the
much-speculated burst of Tech Bubble 2.0, nobody’s sure what it will
look like, or what kind of damage it will leave in its wake. The latest signs of the bubble bursting could be shaky investor confidence in the private market. In the last month, conservative, high-profile investor Fidelity has written down more than a dozen of its investments in richly valued tech start-ups, Fortune reports.
No comments:
Post a Comment