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Owens-Illinois Says Arbitrators Award $455 Million in Seizure of Venezuela Plants

2015-03-13 06:24:51| Industrial Machines - Topix.net

Owens-Illinois Inc. said it was awarded $455 million by an international arbitration panel related to Venezuela's seizure of two of the glass-bottle maker's plants in late 2010.

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Fresh US sanctions on Venezuela

2015-03-09 18:39:07| BBC News | Business | UK Edition

The US has sanctioned at least seven Venezuelan officials for the government's treatment of political opponents and public corruption.

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Coca-Cola FEMSA FY sales, profits drop on Venezuela currency switch

2015-02-26 10:57:00| Daily beverage news and comment - from just-drinks.com

Coca-Cola FEMSA has posted a drop in full-year profits and sales after currency fluctuations in Venezuela hit performance.

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Venezuela seeks annulment of Exxon award at World Bank tribunal

2015-02-26 08:56:44| Oil & Gas - Topix.net

Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp US$1.6 billion in compensation for nationalizations, both sides said on Wednesday. CARACAS: Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp US$1.6 billion in compensation for nationalizations, both sides said on Wednesday.

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Telefonica Quarterly Profit Slides After Venezuela Writedown

2015-02-25 12:25:19| Paper - Topix.net

Operating income fell 36 percent to 3.19 billion euros stripping out interest, depreciation and amortization, the Madrid-based carrier said Wednesday. Venezuela accounted for 915 million euros of the decline, as Telefonica cut the value of its assets there by 2.8 billion euros after switching to a lower exchange rate.

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