Venezuela

Venezuela
Thursday, July 31st 2014 - 07:29 UTC

US imposes travel restriction on a number of Venezuelan officials

The US spokesperson said the restrictions were in response to “arbitrary detentions and excessive use of force” by Venezuelan officials

The United States is imposing travel restrictions on a number of Venezuelan officials. Washington did not specify how many people would be affected, but said those “who have been responsible for or complicit in human rights abuses” would not be “welcome” in the US.

Tuesday, July 29th 2014 - 06:19 UTC

IATA claims from Venezuela the 4.1 billion dollars owed to airlines

The blocked monies are from ticket sales in Venezuela and are being held by the government in breach of international treaties

The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate in full and at fair exchange rates airline funds being blocked in the country.

Monday, July 28th 2014 - 07:30 UTC

Cash-short Venezuela considering the sale of its US downstream subsidiary

Citgo includes thousands of gasoline stations plus several refineries and storage facilities

Venezuela's state-run oil company Petroleos de Venezuela SA (PDVSA) is considering offers to sell its U.S. downstream subsidiary Citgo, industry research group Argus Media reported on its website last Friday.

Monday, July 28th 2014 - 07:11 UTC

Dutch government releases former Venezuelan general retained on DEA request

Dutch government releases former Venezuelan general retained on DEA request

The Dutch government released a former Venezuelan general who was detained on US drug charges when he arrived in Aruba to serve as his country's consul on the Dutch Caribbean island, sending him home Sunday night and defusing a diplomatic fight with its neighbor.

Saturday, July 26th 2014 - 07:05 UTC

Mercosur to consider forming an 'economic forum' with ALBA and Petrocaribe

President Maduro, and leader of ALBA and Petrocaribe will be hosting the summit in Caracas

Uruguay's president Jose Mujica will be attending the next Mercosur presidential summit scheduled for Tuesday, 29 July in Caracas, when the creation of an economic forum Mercosur/ALBA/PetroCaribe will for consideration as part of the agenda.

Saturday, July 26th 2014 - 06:04 UTC

Venezuelan general retained in Aruba to be extradited to the US

General Carbajal apparently belongs to the “Cartel of the Suns”, high-ranking military officers believed to have grown rich from drug-running

A judge in Aruba ruled Friday that the highest-ranking Venezuelan official ever arrested on a U.S. warrant will remain behind bars pending an extradition request on drug charges. Hugo Carvajal, a former head of Venezuelan military intelligence and close confidant of the late president Hugo Chavez, was arrested upon arriving at Aruba’s airport, officials said Thursday.

Thursday, July 24th 2014 - 23:27 UTC

Hard-line opposition leader Lopez on trial; defense evidence thrown out

The opposition leader was arrested on February 18 after he spoke at a demonstration that turned violent

The trial against Venezuelan hard-line opposition leader Leopoldo Lopez, who is accused of inciting violence at anti-government protests has began in Caracas. Lopez could face up to 13 years in jail if convicted.

Tuesday, July 22nd 2014 - 06:25 UTC

Venezuela admits its ever growing dependency from China

“Venezuela has become one of the places most committed to investments from China and the seventh supplier of oil” said Xi

Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.

Monday, July 14th 2014 - 23:09 UTC

Paraguay's currency steadily becoming a 'strong' currency based on positive indicators

The Central bank had international reserves equivalent to 20% of GDP

The Paraguayan currency, Guaraní, is expected to revalue 1.4% against the US dollar by the end of the year becoming one Latam's strongest given its positive macroeconomic indicators. This follows a strong performance during the first half of the year when the price of the dollar in the capital Asunción wholesale money exchanges dropped from 4.450 Guaraní to 4.240, according to private consultants “Consensus Economics”.

Friday, July 11th 2014 - 01:45 UTC

Mercosur summit on 29 July in Caracas, according to Venezuela and Paraguay

 Ministers Loizaga and Jaua confirmed all is ready for the summit when the rotating chair will pass on to Argentina

The much delayed Mercosur summit will finally take place at the end of the month in Caracas, according to sources from Paraguay and Venezuela. During the last OAS meeting, Venezuelan Foreign minister Elias Jaua confirmed to his Paraguay peer Eladio Loizaga that the date is 29 July and that the consultation process has been completed.

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