Tag: Venezuela

Venezuela
Monday, November 24th 2014 - 07:44 UTC

IMF monitoring impact of Venezuela's economic stress for Caribbean islands

“We are mindful and concerned about the feasibility of PetroCaribe continuing, certainly at the level it has been” said IMF advisor Cantelli

The International Monetary Fund (IMF) says it is monitoring the potential impact any changes to PetroCaribe, Venezuela’s oil alliance with several Caribbean islands will have on regional economies.

Tuesday, November 11th 2014 - 04:16 UTC

Unasur ready to help Venezuela organize a “major social pact” to overcome the current situation

Samper met with Dilma Rousseff and apparently addressed the Venezuelan situation

Venezuela needs a 'major social agreement' to adjust its economy and overcome the current and persistent political conflicts in the country, said Ernesto Samper, chairman of Unasur (Union of South American Nations) during a visit to Brasilia.

Thursday, October 30th 2014 - 09:16 UTC

Venezuela furious with Rajoy 'interventionism', recalls ambassador 'on consultation'

During a meeting in Madrid with Lopez' wife Lilian Tintori on 22 October, Rajoy said it was necessary to protect freedom of speech and the right to protest

Venezuela recalled its ambassador to Spain to protest “interventionist declarations” made by Spanish Prime Minister Mariano Rajoy, the Venezuelan News Agency (AVN) said on Tuesday.

Wednesday, October 22nd 2014 - 01:52 UTC

Venezuela “fully prepared” to cope oil price volatility and will honor sovereign debt

“We will fulfill the payment of the 2014 PDVSA bond for 3 billion due on Oct. 28,” Marco pledged

Venezuela's Finance Minister Rodolfo Marco said on Tuesday that the Mercosur member was “fully prepared” to cope with price volatility on the global oil market and would honor a 3 billion dollar bond payment due next week.

Friday, October 17th 2014 - 06:15 UTC

Venezuela celebrates Security Council seas as “a victory of Hugo Chavez”

”This is the victory of Hugo Chavez. He keeps winning battles in the world (...) It's a day in which the world has supported our fatherland,” said Maduro

Venezuela celebrated on Thursday as a great diplomatic success “and a victory of Hugo Chavez”, having been voted by the UN General Assembly to join the Security Council for two years as a non permanent member.

Friday, October 17th 2014 - 06:04 UTC

Angola, Malaysia, New Zealand, Venezuela and Spain join the Security Council

The new members will serve on the Council until 31 December 2016.

In three rounds of voting on Thursday the United Nations General Assembly elected Angola, Malaysia, New Zealand, Spain and Venezuela to serve as non-permanent members on the Security Council for two-year terms beginning on 1 January 2015.

Thursday, October 16th 2014 - 07:30 UTC

Venezuela 'ripe' for default on foreign debt forecast Reinhart and Rogoff

The world-renowned economists wrote that the Venezuelan economy had been so badly mismanaged that GDP per capita was two per cent below 1970 levels

Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on “every conceivable kind of domestic debt”.

Friday, October 10th 2014 - 05:34 UTC

WB tribunal rules Venezuela must pay ExxonMobil 1.6bn dollars for 2007 nationalization

The ICSID decision is in compensation for the expropriation of the Cerro Negro project, the La Ceiba project, during president Chavez time

A World Bank arbitration tribunal has determined Venezuela must pay ExxonMobil Corp. around 1.6 billion dollars to compensate for a 2007 nationalization, the award posted on the ICSID website on Thursday showed.

Tuesday, October 7th 2014 - 06:16 UTC

Ambassador Castro criticizes 'holdouts' and thanks UK unions' support for Argentina

“Trade unions the world over condemn this ruthless profiteering strategy led by the vulture funds that aim to undermine our economy”, said Ms Castro

Argentine ambassador in the United Kingdom, Alicia Castro has fiercely criticized the conduct of holdout investors and thanked UK unions for their support in the dispute with 'vulture funds', during an address to the British umbrella trade union UNITE.

Friday, October 3rd 2014 - 06:15 UTC

Chavista lawmaker stabbed at his home in Caracas: “intentional homicide” argues government

The victims died of hemorrhagic shock after they were stabbed with a “sharp, penetrating weapon,” Justice Minister Miguel Rodriguez Torres said.

Robert Serra, a young “Chavista” ruling party lawmaker, died after being stabbed in his home in Caracas in an “intentional homicide,” government officials said, in Venezuela's latest high-profile violent crime.

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