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.
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.
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.
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.
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.
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.
After slamming international banks for more than a decade, the Venezuelan government met with investment bankers to try to change the perception of risk associated to the country and prepare the scenario for upcoming economic measures.
A blackout cut electricity in various parts of Venezuela on Friday and twice interrupted the live television broadcast of a speech by President Nicolas Maduro, who said authorities were seeking more information about the outage.
The US House of Representatives passed legislation on Wednesday, to impose sanctions on Venezuelans responsible for human rights abuses during anti-government protests, despite Obama administration worries that they could threaten talks seeking to ease the unrest.
As airlines cut service to Caracas and Venezuela struggles with a continuing debt crisis, the government of President Nicolás Maduro revealed that it would raise all international airline ticket prices by 350%. The measure should allow to pay part of the 4 billion dollars owed to foreign airlines, according to the government.