Moody's raises Cuba's rating to positive as it moves away from Venezuela dependence and is closer to US
International ratings agency Moody’s Investors Service has moved Cuba’s economic from stable to positive, citing its lessening dependence on Venezuela and the possibility of more improved relations with the United States.
The presidents of Mercosur member-countries have confirmed attendance to the group's summit scheduled for next 21 December and hosted by Paraguay, the country that currently holds the rotating chair, according to diplomatic sources in Asuncion.
Venezuela's outgoing National Assembly on Thursday tapped a judge who is hated by the opposition for jailing politician Leopoldo Lopez as the next human rights ombudsman in the increasingly hostile aftermath of legislative elections.
If the newly elected Venezuelan National Assembly votes to cancel that country's program of subsidized oil sales to Caribbean and Central American nations, the United States will not be able to substitute U.S. oil for Venezuelan oil, a senior U.S. official warned this week.
Venezuela said the opposition coalition MUD has won a two-thirds super majority in the country’s legislature, a major victory in Sunday’s elections.
Venezuela's fragile opposition coalition which managed to come together to achieve victory over the Chavista government on Sunday, now faces the test of trying to stick together and use its newly won congressional authority to address the country’s deep economic problems and political rifts.
Venezuela's opposition won control of the National Assembly by a landslide, delivering a major setback to the ruling party and altering the balance of power after almost 17 years of populist rule.
By David Rosnick (*) A new paper from the Center for Economic and Policy Research (CEPR) finds that there may be a significant disparity between the popular vote and legislative seats claimed by parties in Venezuela’s December 6 National Assembly elections.
Next Friday Argentine president elect Mauricio Macri will be travelling to Brasilia to meet with president Dilma Rousseff, which will be the incoming leader's first overseas trip.
The Venezuelan government sought Monday to downplay security fears around the country's upcoming legislative elections, rejecting the possibility of violence or a coup. With polls showing President Nicolas Maduro's populist movement on track for a landmark defeat by the opposition in Sunday's vote, speculation and rumors have swirled about possible violence or moves by the ruling party to cling to power.