Venezuela

Venezuela
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.

Friday, January 30th 2015 - 08:25 UTC

Chavez died December 2012 and not March 2013, says former bodyguard

Leamsy Salazar who fled Venezuela earlier this week said late president Hugo Chávez did not die on 5 March 2013 but on 30 December 2012.

A former bodyguard of Venezuela’s Socialist Party heavyweight Diosdado Cabello Leamsy Salazar, who fled the country earlier this week and was reportedly collaborating with US authorities investigating allegations of Venezuelan officials' involvement in drugs, said late president Hugo Chavez did not die on 5 March 2013 but on 30 December 2012.

Tuesday, January 27th 2015 - 06:50 UTC

Oil Prices Changing The Face Of Global Geopolitics

Venezuela is even more dependent than Russia on the price of oil

In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing up in a shabby St. Petersburg apartment, where he would often corner rats.

Monday, January 26th 2015 - 07:17 UTC

Venezuela denies authorization to former presidents to visit political prisoner

Piñera and Pastrana, former Chile and Colombia presidents are participating in a forum in Caracas to discuss democracy

The Venezuelan government has turned down a request by former presidents of Chile and Colombia to visit opposition leader Leopoldo Lopez in jail. Chile's Sebastian Piñera and Colombia's Andres Pastrana say they are in Venezuela to support the opposition and have called for the release of Mr Lopez, who was arrested nearly a year ago.

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