Venezuelan opposition lawmaker Neidy Rosal claimed before the country’s Prosecutors Office that an estimated 160.000 tons of food, in decomposing conditions, were being destroyed by the government’s Food Production and Distribution Office, Pvdal, in the state of Carabobo.
Steel giant Tenaris, a member of the Argentine group Techint, said on Wednesday that it initiated arbitration proceedings against Venezuela following the nationalization of steelmaker Matesi.
Venezuelan President Hugo Chávez said he will only recognize a Libyan government led by his friend and ally Muammar Gaddafi and accused the United States of inciting the country's civil war.
Supporters of Venezuelan President Hugo Chavez shaved their heads in solidarity with their leader's struggle against cancer. Barbers shaved off the hair of several men and at least one woman while the crowd swayed to a religious song on Sunday as hundreds prayed and sang at a televised event.
US ratings agency Standard & Poor's downgraded Venezuela's foreign and local currency sovereign ratings by one notch Friday, citing the country's political risk as a credit weakness.
Venezuela’s central bank has requested its 99 tons of gold holdings from the Bank of England, according to a bank statement sent by e-mail, citing the institution’s president Nelson Merentes.
Venezuela received an enviable honour last month: OPEC said it is sitting on the biggest reserves of crude oil in the world – even more than Saudi Arabia. But the Venezuelan oil industry is also sitting atop a well of trouble.
Venezuela could transfer billions of dollars in cash and gold reserves held in U.S. and European banks to financial institutions in “allied” countries, claims opposition lawmaker Julio Montoya.
Venezuelan July inflation, as measured by the national index INPC, came in on the high side of expectations at 2.7%, up from June.
Venezuelan president Hugo Chavez appeared before cameras on Monday sporting a shaved head, as the effects of chemotherapy begin to take a toll on his body. Chavez, though, looked energetic and even joked about his “new look” which he had anticipated last week as the “Yul Brynner” look.