Tag: Nicolas Maduro

• Thursday, April 28th 2016 - 07:34 UTC

  Maduro blames the “crazy right” for riots sparked by daily several/hours blackouts

  

  Venezuelan cities cleaned up from a night of looting and fiery protests on Wednesday as government offices closed their doors for the rest of the week in the face of a worsening energy crisis that is causing daily blackouts. In Caracas, hundreds of angry voters lined up to sign a petition beginning the process of recalling the deeply unpopular President Nicolas Maduro.

• Tuesday, March 29th 2016 - 06:57 UTC

  Argentina pulling out of Venezuela's sponsored Telesur TV network

  

  Argentina's government is pulling out from its involvement in the Spanish-language TV network that was started by the late Venezuelan leader Hugo Chavez, saying the broadcaster blocks alternative viewpoints.

• Saturday, March 19th 2016 - 09:13 UTC

  Brazilian situation shows division among Unasur members

  

  Unasur, the Union of South American Nations is divided on how to address the Brazilian situation: while Uruguay, Venezuela, Ecuador and Bolivia have agreed on a strong statement in support of president Dilma Rousseff, Argentina expressed 'institutional support' and Chile abstained.

• Thursday, March 10th 2016 - 05:40 UTC

  American Airlines axes Caracas New-York until market conditions improve

  

  American Airlines said this week it will ax its Caracas to New York route on April 4 due to low demand just over three months after reinstating it. The surprise move comes amid a years-long battle between American Airlines Group and the Venezuelan government in which the world's largest airline says it has not been able to repatriate revenue.

• Wednesday, March 2nd 2016 - 08:35 UTC

  My plan for Venezuela

  

  By Leopoldo López (*) - Two years ago I was imprisoned for calling for a constitutional, democratic and peaceful change in the Venezuelan government. Our plan was called La Salida, “the exit.”

• Wednesday, January 27th 2016 - 06:42 UTC

  Parlasur could invite Falklanders', but first Macri must cracks the “chavista axis”

  

  The Argentine representation in the Mercosur parliament, Parlasur, is considering inviting a group of 'kelpers' Falklands/Malvinas lawmakers, 'to listen to their needs and promote cooperation, but in the framework of Argentina's unrenounceable sovereignty claim over the Islands'.

• Monday, January 25th 2016 - 10:01 UTC

  IMF estimates 2016 Venezuela inflation at 720% and 8% economy contraction

  

  Venezuela’s consumer inflation, already the world’s highest, will more than double this year surging to 720% in 2016 from 275% last year, according to a note published by the IMF’s Western Hemisphere Director, Alejandro Werner.

• Friday, January 22nd 2016 - 05:12 UTC

  Banks don't discard credit-short Venezuela will undergo a 'credit event' in 2016

  

  Slumping crude prices have investors and analysts warning of a potential messy default in Venezuela, with state-owned oil company PDVSA owing some US$10 billion in external debt payments due this year. With crude hovering around US$28 per barrel, Venezuela could have trouble satisfying its obligations.

• Tuesday, January 19th 2016 - 06:47 UTC

  Bank of America anticipates strong devaluation for bankrupt Venezuela

  

  Bank of America predicted president Nicolas Maduro would merge Venezuela’s three-tier currency controls into two, replacing the strongest rate of 6.3 bolivars to the dollar with a level of 35. Greenbacks go for around 865 bolivars on the black market.

• Saturday, January 16th 2016 - 10:58 UTC

  Venezuela in “economic emergency”: Q3 inflation 141.5% and GDP down 7.1%

  

  Venezuelan President Nicolas Maduro's government has decreed a 60-day “economic emergency” for the recession-hit OPEC nation reeling from low oil prices and a sputtering state-led economic model. The government on Friday also published the first macroeconomic data for more than a year, showing GDP dropped in the third quarter while inflation surged.