Venezuela

Venezuela
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.

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.

Tuesday, September 23rd 2014 - 04:56 UTC

“Just you wait; I'm coming” president Maduro tells US main newspapers

“I'm proud that a bus driver can be president of the Republic ... Gentlemen at the Washington Post, this busman right here is going to the United States”

Venezuelan leader Nicolas Maduro has said he will travel to New York this week for his debut appearance as president at the United Nations General Assembly despite “racist” editorials against him in major US newspapers.

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