Maduro takes over brewers complex as Venezuela runs out of beer because of lack of barley

Maduro has accused Polar of sabotaging the economy by hoarding goods and intentionally creating shortages, a charge the company denies. Maduro has accused Polar of sabotaging the economy by hoarding goods and intentionally creating shortages, a charge the company denies.

Venezuela's largest food distributor on Thursday denounced the government occupation of a Caracas warehouse amid accusations that the company is hoarding goods. Soldiers took over the warehouse complex used by Empresas Polar late Wednesday just as Venezuela's federation of brewers announced that Polar's beer manufacturing subsidia...

UK Overseas Territories agree on a 'unified front' for December's JMC in London

The participants of the meeting in Hamilton pose for the 'family picture' at the end of discussions  The participants of the meeting in Hamilton pose for the 'family picture' at the end of discussions

Leaders of several British Overseas Territories meeting in Bermuda released a joint statement following a Pre-Joint Ministerial Council two-day meeting held last week in Hamilton. The goal of the international gathering was to discuss matters of common interest in order to present a unified front next December at the JMC in London.

For the sixth straight time, Brazil raises interest rate 50 points to 14.25%

Copom said keeping rates at 14.25% level for a sufficiently long period of time was needed for inflation to converge to the target in late 2016.Copom said keeping rates at 14.25% level for a sufficiently long period of time was needed for inflation to converge to the target in late 2016.

Brazil's central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.

Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar

”When people get frightened, they don’t invest the same way. If people believe there will be devaluation, a foreign market slowdown, they won’t invest” ”When people get frightened, they don’t invest the same way. If people believe there will be devaluation, a foreign market slowdown, they won’t invest”

Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso.

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