Tag: Nicolas Maduro

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.
Wednesday, January 13th 2016 - 07:46 UTC
Venezuela's First Lady claims her two 'narco-nephews' were kidnapped by DEA

Venezuela's first lady on Tuesday broke her silence on the arrest of her two nephews on drug trafficking charges, saying they were kidnapped by the U.S. Drug Enforcement Administration.Cilia Flores, who serves in congress, told Venezuelan weekly Tal Cual that the U.S. was seeking revenge and trying to force the socialists from power in Venezuela.
Wednesday, January 13th 2016 - 05:34 UTC
Venezuela's 'super majority' power struggle paralyzes government

Venezuela sank deeper into a messy political crisis Tuesday as the opposition-controlled National Assembly suspended its session after the Supreme Court declared it null and void. Speaking before a nearly empty chamber, speaker Henry Ramos Allup, a fierce opponent of President Nicolas Maduro, declared the National Assembly lacked a quorum and would reconvene Wednesday morning.