Venezuela’s state oil giant has made good on two missed debt payments and has approved funds for a critical $984 million payment due on Friday, Ecoanalitica reported
Bond prices jumped on the report, analysts said. Venezuela has missed nearly $600 million in interest payments this month and faces another major bond deadline on Nov. 2. Source CNBC
South Korean shipyards have boxed out their Japanese rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion. Source: Reuters
Saudi Arabia and the United Arab Emirates, which together lead a coalition of Arab states fighting against in Yemen against the Houthi movement that controls the capital, pledged a new $500 million food aid programme for Yemen on Tuesday. Source: CNBC
Saudi Arabia’s oil giant Aramco has shelved plans to embark on a massive corporate-bond sale to fund a $70bn stake in the kingdom’s national petrochemical firm, a news report said. Source: Al Jazeera
