Venezuela gives new meaning to the word “takeover”. In the corporate world, some money and stock usually changes hands. In Venezuela, the government just occupies the object of its desire, in this case a French-owned retail chain called Exito. I’m sure Comrade Chavez will make them an offer they can’t refuse…
EUR/USD is so far holding above 1.4250 after edging as low as 1.4253. It trades now at 1.4262.
