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 - 06:53 UTC

Russia's Gazprom forecasts oil at 70 dollars a barrel in the short term

“It could be at 70-75 dollars in a question of months,” Gustavo Delgado, head of Gazprom in Venezuela

The global oil market slump looks likely to continue, with prices possibly nearing 70 dollars a barrel in the short term, an official of Russian gas producer Gazprom said. Crude fell more than on dollar a barrel on Thursday to a four-year low below 83 a barrel as growing concerns over the global economy stretched a four-month rout.

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.

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”.

Saturday, October 11th 2014 - 06:06 UTC

Santos confirms he authorized FARC leader to attend peace talks in Cuba

Allegedly Londoño, or “Timochenko”, has gone to Havana several times on non-commercial flights from Venezuela

Colombian guerrilla leader Rodrigo Londoño has made secret government-authorized trips to Cuba several times in the last year to meet with his team of negotiators as part of peace talks to end 50 years of civil war, Colombian officials said.

Saturday, October 11th 2014 - 01:47 UTC

UN Human Rights Council calls for immediate release of Venezuelan dissident Leopoldo Lopez

”The arrest of Mr. Leopoldo López is arbitrary (...) Government of the Bolivarian Republic of Venezuela is to immediately release Mr. López”

The United Nations adopted a resolution Wednesday decreeing the Venezuelan government should immediately release Leopoldo Lopez, the opposition leader who has been imprisoned for almost nine months in connection to the violent protests in Caracas in February.

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.

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