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Venezuela

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Court Ruling in Venezuela Prompts Accusation of an Illegal Power Grab

New York Times - ‎2 hours ago‎
MEXICO CITY - A conflict over whether Venezuela's leftist president should be allowed to exercise expanded economic authority intensified Friday as the opposition accused the president and the courts of an illegal power grab.

Prepare for the worst: Venezuela is heading toward complete disaster

Washington Post - ‎21 hours ago‎
THE POLITICAL drama in Venezuela, where a populist, authoritarian government is attempting to cling to power despite losing a legislative election by a landslide, tends to obscure a deeper crisis.
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Venezuela Expanding Military Influence Over Oil and Mining

Bloomberg - ‎3 hours ago‎
In recent weeks, Venezuelan authorities have said they want to increase mining activities to generate additional foreign currency earnings.
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Venezuela on verge of default as oil prices fall

RT - ‎10 hours ago‎
... managed to pay bondholders on time so far. But with 96 percent of the Venezuela's export earnings coming from crude sales, the drop in price from over $100 per barrel in mid-2014 to the current $30 per barrel has wreaked havoc on the country's economy.

Venezuela ordered to pay Tenaris $172.8 million for takeover

Reuters - ‎3 hours ago‎
Venezuela has six months to pay Tenaris an $87.3 million award plus about $85.5 million in interest payments, a tribunal at the International Centre for Settlement of Investment Disputes (ICSID) said in its decision.

Dispatches from a Crude Collapse: Venezuela

Marketplace.org - ‎20 hours ago‎
Today the price of oil sunk to a thirteen year low. Now the price of a barrel is less than $27. That hasn't happened since 2003.
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Venezuela Confirms Three Zika Deaths, 21 Suffering Related Nerve Disorder

Breitbart News - ‎1 hour ago‎
The government of Venezuela has confirmed three deaths directly related to the Zika pandemic sweeping Latin America, while medical experts throughout the country report an alarming rise in the number of cases of Guillain-Barré syndrome, a disease Zika ...

Venezuela Cuts Power to Shopping Malls

Wall Street Journal - ‎Feb 10, 2016‎
CARACAS—Venezuela President Nicolás Maduro's government began implementing a power-rationing program that will force more than 100 malls to close for hours on weekdays unless they can generate their own electricity.

EDITORIAL: Venezuela waiting for Obama

Washington Times - ‎20 hours ago‎
Reality is writing a harsh chapter in the long and tortured history of Venezuela. What happens there is not just the occasional outside intervention to keep the peace.
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First Zika case in China confirmed in man who travelled to Venezuela

CCTV-America - ‎3 hours ago‎
China's first Zika patient, who remains in quarantine in a local hospital, has said he is not worried about his diagnosis as he believes the disease is “easy to treat”.
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Venezuelans add default to list of fears

Financial Times - ‎Feb 11, 2016‎
Such an outcome would make Mr Maduro the first national political leader toppled as a result of the collapsing oil price, which is fuelling mass food shortages and a growing expectation that Venezuela will default on $10bn in debt servicing costs this ...

2 Cent Gas in Venezuela

24/7 Wall St. - ‎Feb 10, 2016‎
Depending on who is counting, based on currency exchange rates, whether gasoline is priced by liter or gallon, the price of a gallon of gas is about two cents in Venezuela. That compares to a U.S. average price per gallon of regular of $1.70. The two ...

Kellogg CFO Sees More Currency Woes From Venezuela

Wall Street Journal (blog) - ‎Feb 11, 2016‎
Foreign exchange swings have been a drag on Kellogg Co.'s 2015 results, and finance chief Ronald Dissinger predicts more of the same for 2016, particularly from Venezuela. The Battle Creek, Mich. maker of Pop-Tarts and Rice Crispies said currency ...

World NewsHow far will Venezuela go to avoid a default ?

Financial Times - ‎Feb 9, 2016‎
But if forced to choose between default or cutting imports, Francisco Rodríguez, analyst at Bank of America Merrill Lynch, reckons Venezuela's cash strapped government would choose the latter and take the risk of worsening the country's shortage of ...

Venezuela: Shopping Centers Must Help Conserve Electricity

teleSUR English - ‎Feb 11, 2016‎
Venezuela's Energy Minister Luis Motta Dominguez explained the initiative is a temporary measure made necessary by El Nino, a weather phenomenon that has left Venezuela unusually dry. Venezuela relies heavily on hydroelectric plants to supply its ...
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Ozzie Guillen to manage in native Venezuela next winter

ESPN - ‎Feb 10, 2016‎
CARACAS, Venezuela -- Ozzie Guillen, who led the Chicago White Sox to the 2005 World Series title as manager, was hired Wednesday to manage the La Guaira Sharks of the Venezuelan Winter League next offseason. Guillen, who was born in Ocumare ...
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One of South America's largest airlines halts operation in Venezuela over currency dispute

Fox News Latino - ‎Feb 10, 2016‎
Brazil's Gol airline announced Tuesday that it has temporarily suspended operations in Venezuela because of the difficulties the company encounters when it tries to send money back to its home country.

Traveling Through Venezuela, a Country Teetering on the Brink

New York Times - ‎Feb 9, 2016‎
It was a project where fleeting moments carried the story: shouting matches during the first session of Congress; soldiers at the tomb of President Hugo Chávez, who died in 2013; letters from expatriates who had left Venezuela because of crime and ...
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Venezuela proposes OPEC, non-OPEC producers 'freeze' oil supply

Reuters - ‎Feb 11, 2016‎
The proposal of a production "freeze" at current levels was floated by Venezuelan Oil Minister Eulogio Del Pino during his tour of producing countries this month which included Russia, Iran, Qatar and Saudi Arabia, they said.
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Venezuela Welcomes UNASUR Report on December Elections

teleSUR English - ‎Feb 11, 2016‎
The Union of South American Nations (UNASUR) delivered its final report on Venezuela's latest vote to the country's electoral authorities.
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