Friday, February 14th 2014 - 21:36 UTC

Mercosur summit could take place in March, say Paraguay/Venezuela ministers

Loizaga and his Venezuelan counterpart Jaua in Caracas

The much delayed Mercosur summit, originally scheduled for last December could take place in March, according to Paraguay's foreign minister Eladio Loizaga who this week visited his Venezuelan peer Elías Jaua. Venezuela currently holds the Mercosur rotating chair and will be hosting the event when (and if) it finally takes place.

Friday, February 14th 2014 - 07:15 UTC

Argentine government condemns “clear efforts of destabilization” in Venezuela

President Maduro was democratically elected on 14 April 2013, says the release

The Argentine government has condemned what it terms “clear efforts of destabilization” in Venezuela, following Wednesday's clashes which left three dead and dozens injured on the streets of Caracas.

Thursday, February 13th 2014 - 04:01 UTC

At least four people killed as thousands march in Caracas for and against Maduro

Hooded protesters clash with riot police

At least four people have been killed, including a police officer, after thousands of Venezuelans in two different marches, opposing and supporting President Nicolas Maduro took to the streets of Caracas on Wednesday following two weeks of anti-government protests across the country.

Tuesday, February 11th 2014 - 08:38 UTC

Paraguay and Venezuela to discuss Mercosur summit delays and oil

Loizaga will be travelling to meet his Venezuelan peer Jaua

Mercosur summit delays and oil are two of the main issues the Paraguayan foreign minister Eladio Loizaga will address with his Venezuelan peer Elias Jaua, when he travels on Thursday to Caracas. Formally the event is a diplomatic reciprocity for Jaua's visit to Paraguay last 9 October, when the two countries re-established full relations.

Saturday, February 8th 2014 - 06:35 UTC

Mercosur interested in trade integration with members of the Pacific Alliance, says Brazil

Figuereido: “We have full interest in cooperating and trading with the Pacific Alliance” countries.

Mercosur pretends to increase its trade integration with members from the Pacific Alliance, said Brazilian foreign minister Luiz Alberto Figuereido. The top official made the statement this week before the Brazilian Senate foreign affairs committee.

Thursday, February 6th 2014 - 21:58 UTC

Mercosur committee to meet next week to address tariffs' reduction proposal

Minister Figuereido told Senators the Caracas meeting will take place 12/13 February

A Mercosur technical committee will be meeting next week in Venezuela to elaborate the group's final tariffs reduction proposal to exchange with the European Union as part of the ongoing, but long delayed, negotiations to reach an ambitious free trade agreement, according to Brazil's foreign minister Luiz Alberto Figuereido.

Thursday, February 6th 2014 - 05:06 UTC

Venezuela business organizations will challenge in court latest measures by Maduro administration

“It is not possible to control the national economy from your desk. It has never been so”, said Roig

A leading Venezuelan businessman rejected a new presidential decree limiting the profit margins of companies, vowing to take the fight all the way to the country’s Supreme Court. The President of the Venezuelan Federation of Chambers of Commerce and Industry (Fedecámaras) Jorge Roig, announced he had the backing of his organization and other business leaders.

Saturday, February 1st 2014 - 04:54 UTC

Argentina among the least well-off economies in the region, says IMF

Alejandro Werner: big problems in the balance of payments, increasing inflation and a drop in Central bank reserves

The economies of Argentina and Venezuela are the least well-off in the region due to pressures on inflation, the balance of payments, and foreign exchange markets that developed last year, the International Monetary Fund warned.

Wednesday, January 29th 2014 - 22:38 UTC

Brazil can't be hostage of Argentina or Venezuela in Mercosur/EU trade negotiations

Former ambassador and trade expert Rubens Barbosa says Friday meeting of Mercosur Council is decisive

The Brazilian government is determined to advance with negotiations for a trade agreement between Mercosur and the European Union even if it means leaving Argentina for a second phase of the process, according to sources from Itamaraty, the country's foreign ministry, reported in the Rio do Janeiro media.

Sunday, January 26th 2014 - 12:06 UTC

Maduro sets limits on company profits and prison terms for hoarding or over charging

The Venezuelan president fighting the fundamentals of markets

Venezuela decreed a new price control law that sets limits on company profits and establishes prison terms for those charged with hoarding or over-charging, part of populist President Nicolas Maduro's efforts to tame inflation.


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