Bolivia's Boom Has Turned to Bust, Fueling an Unlikely Presidential Comeback Bid [BNN Bloomberg (Canada)]
Koninklijke Philips N.V. NY Registry Shares (PHG)
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Source: BNN Bloomberg
Signs of Bolivia's emerging financial crisis are not hard to find on market day in the world's highest major city, where customers are starting to feel the pinch after the nation's currency peg to the dollar effectively collapsed, sending prices soaring. “Everything is going up, including nationally-produced products,” said Rocio Sarmiento, as she waited for buyers at her stall selling snacks in El Alto. Business was slow. One of Latin America's fastest-growing economies earlier this century, Bolivia is shuddering to a halt. The nation of 12 million is being buffeted by a financial storm long in the making, which has its roots in the end of a natural-gas boom and the country's failure so far to capitalize on its massive reserves of lithium. That's fanning a conflict between President Luis Arce and his presidential predecessor, Evo Morales, who is vying to make a comeback even in the face of a 2023 Constitutional Court ruling that bars him from seeking another term. The deteri
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PHG
Earnings
- 1/29/24 - In-Line
PHG
Sec Filings
- 4/29/24 - Form 6-K
- 3/22/24 - Form 6-K
- 2/28/24 - Form 6-K
- PHG's page on the SEC website