Tag: Venezuela

Venezuela
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.

Thursday, October 2nd 2014 - 06:24 UTC

Mysterious outbreak of hemorrhagic fever syndrome in Venezuela kills ten

Aragua governor Tareck El Aissami denied disease medical reports and  accused the president of Aragua Medical Association, Dr. Sarmiento, of “creating anxiety.”

An outbreak of a mysterious hemorrhagic fever syndrome in the Venezuelan state of Aragua and the country’s capital Caracas has left ten people dead in the last three weeks. Reports indicate that nine people have so far succumbed to the disease in the northern state and a tenth person has died in the capital.

Monday, September 29th 2014 - 09:22 UTC

Venezuela's Bolivar hits a record low of 100 to the US dollar

The sinking rate of the Mercosur member's currency on what is known as the “parallel” currency market has been a major headache for President Maduro

Venezuela's Bolivar currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a website that tracks it.

Sunday, September 28th 2014 - 10:02 UTC

The land of beauty queens desperately short of quality breast implants

A recent addition to Venezuela's chronic shortage list is a scarcity of quality breast implants that has left beauty-obsessed Venezuelan women sorely deflated.

From a lack of toilet paper that caused a stink, to a dearth of staple food items that left shoppers sucking salt, the Venezuelan people have been reeling under the blows of almost constant shortages for well over a year.

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