The Shares of the largest Japanese carrier, – Japan Airlines, fell sharply by 11% during today’s trading session to reach its lowest price level in historical perspective of ¥ 85 per share, cited by BBC. Reason for this became publications that losing company may be forced to declare bankruptcy because of its debt by $ 16 billion. From the press has become clear that the Fund Enterprise Turnaround Initiative Corporation, which is responsible for saving the airline is considering bankruptcy as part of its restructuring plan. From Japan Airlines, however, deny this possibility, reported that the decision of the fund secured by the state will become clear in January next year. The Japanese government is saved Japan Airlines four times since 2001. Last week Finance Minister Hirohisa Fuji in Japan said that the state will not issue more loans to the airline. In that year Japan Airlines receives offers for the purchased part of its capital by competing companies American Airlines and Delta, as the eventual fall into bankruptcy will make a deal more complex.
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Action to freeze Venezuela’s trade with Colombia will reduce economic growth in Colombia next year, said Colombian Finance Minister Oscar Ivan Zuluaga. Exports to Colombia to Venezuela could be halved next year to $ 2 billion, predicts Zuluaga. Exporters seek to diversify their markets, they exported more goods to Mexico, Peru, Central America and the Caribbean, he added. In July, Venezuelan President Hugo Chavez called for an end to imports from Colombia because of the agreement by the country with the United States to ensure access of U.S. forces to seven Colombian military bases. Exports to Venezuela, which represents about 15 percent of Colombia’s total exports, decreased by 70 percent in October on an annual basis. According to Zuluaga effect on the Colombian economy will depend on how far will deepen the contraction in GDP of Venezuela.
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