Venezuela loosens currency exchange controls to allow forex trading [Reuters]
Kadant Inc (KAI)
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Source: Reuters
Venezuela loosens currency exchange controls to allow forex trading - Reuters 3 Min Read CARACAS, May 7 (Reuters) - Venezuela will allow local banks to open foreign currency trading platforms as part of a loosening of the OPEC nation’s exchange controls, according to a central bank resolution published on Tuesday. President Nicolas Maduro, facing a hyperinflationary economic collapse and a relentless weakening in the bolivar currency, has repeatedly promised to overhaul the system. But numerous plans have floundered because the central bank did not supply enough currency to meet market demand. Economists routinely identify the struggling country’s exchange control system as a hindrance to possible recovery from the economic meltdown. But financial industry experts warned Tuesday’s move does not eliminate the 16-year-old system of currency controls. The resolution says financial institutions will be authorized to carry out “purchase and sale of foreign currency by individuals and busin
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KAI
News
- Kadant Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Kadant Reports First Quarter 2024 ResultsGlobeNewswire
- Kadant Inc. (NYSE: KAI) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $360.00 price target on the stock.MarketBeat
- Kadant to Hold Earnings Conference Call on Wednesday, May 1, 2024GlobeNewswire
- Kadant's (NYSE:KAI) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
KAI
Earnings
- 4/30/24 - Beat
KAI
Sec Filings
- 4/30/24 - Form 8-K
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form DEF
- KAI's page on the SEC website