Venezuela

Venezuela
Wednesday, February 25th 2015 - 05:20 UTC

Teenager shot dead during protests further polarizes political climate in Venezuela

Kluiver Roa, 14, died in unclear circumstances during violent clashes between around 20 hooded protesters and police in San Cristobal

A teenager was killed during a protest on Tuesday in the western city of San Cristobal, state officials said, as tensions rise in Venezuela amid an economic crisis and a government crackdown on the political opposition.

Saturday, February 21st 2015 - 04:56 UTC

OAS Inzulza calls for an end to the polarization spiral in Venezuela

”The detention of the Mayor of Caracas, Ledezma, has caused alarm due to the way took place and because it deals with an elected leader exercising his duties.”

Jose Miguel Insulza, Secretary General of the Organization of American States (OAS), said on Friday that “the detention of the Mayor of Caracas, Antonio Ledezma, has caused alarm due to the way in which it took place and because it deals with an elected leader exercising his duties.”

Friday, February 20th 2015 - 03:54 UTC

Maduro's agents arrest metropolitan Caracas mayor on charges of coup attempt

“I just saw how they took Ledezma out of his office as if he were a dog,” twitted  legislator Ismael Garcia. “They broke down the doors without an arrest warrant.”

Venezuelan intelligence agents arrested on Thursday opposition leader and Caracas metropolitan mayor Antonio Ledezma, witnesses said, after accusations he was involved in a coup attempt against President Nicolás Maduro.

Friday, February 20th 2015 - 00:30 UTC

Protestors take to the streets in Venezuela on anniversary of opposition leader's year in jail

Lopez’s wife, Lilian Tintori, gathered with a small group of supporters to mark the date of her husband’s arrest, and asked Venezuelans to show their support

Backers of jailed Venezuelan opposition leader Leopoldo Lopez took to the streets of Caracas on Wednesday on the first anniversary of his arrest and subsequent jailing, but the mood of last year’s mass protests against the government of President Nicolas Maduro was markedly different.

Wednesday, February 18th 2015 - 04:28 UTC

Venezuela ready to address fuel prices: “piece of candy cannot cost more than a liter of gasoline”

Gasoline is so heavily subsidized in Venezuela that one US cent buys about five gallons, costing the government as much as 12 dollars billion annually

Venezuelan Finance minister Rodolfo Marco Torre announced that ”soon there will be important announcements on the issue of gasoline”, underlining that “a piece of candy cannot cost more than a liter of gasoline”.

Monday, February 16th 2015 - 08:51 UTC

Germany urges Brazil with an EU/Mercosur trade agreement

President Rousseff and minister Steinmeier after their meeting in Brasilia

Germany wants to speed negotiations for a free trade agreement between the European Union and Mercosur, said Foreign minister Walter Steinmeier in Brasilia. The agreement has been pending since 1999 when discussions started but so far have been unable to reach a deal or commit a date because of internal problems from both sides.

Saturday, February 14th 2015 - 06:59 UTC

Maduro claims a coup attempt was foiled, and blames the US

“We have foiled a coup attempt against democracy and the stability of our homeland” said Maduro on national television

Venezuelan president Nicolas Maduro Thursday night went on the air and said the intelligence services had foiled a coup and arrested multiple people who were behind the attempt, which was backed by the United States.

Friday, February 13th 2015 - 04:03 UTC

Clashes and tear gas in Venezuela on the anniversary of students' revolt

Worst incidents occurred in San Cristobal, the cradle of the protests that shook the country from February to June 2014

Venezuelan police fired tear gas Thursday to break up students demonstrating against President Nicolas Maduro's government, on the anniversary of protests that eventually left 43 people dead last year.

Tuesday, February 10th 2015 - 23:58 UTC

Venezuela announces yet another concealed devaluation, effective Wednesday

Nelson Merentes said “We will incentivize import substitution and the assignment of currency under this modality will be for the productive sectors”

Venezuela's vice president for economic policy announced Tuesday that the government will inaugurate this week a three-tiered exchange-rate regime which includes a “totally free” market open to both individuals and companies.

Tuesday, February 10th 2015 - 05:45 UTC

S&P downgrades Venezuela long term credit rating to CCC

S&P said Venezuela's economy could shrink 7% this year, with further contraction possible in 2016. It added inflation could reach 100% or more

Ratings agency Standard and Poor's on Monday downgraded Venezuelan long-term credit ratings to CCC from CCC+, citing falling oil prices and the government's failure to address economic distortions.

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