Tag: Venezuela

• Thursday, August 25th 2011 - 06:42 UTC

  Thousands of tons of undistributed food had to be destroyed in Venezuela

  

  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.

• Thursday, August 25th 2011 - 06:28 UTC

  Argentine steel group Techint begins arbitration proceedings against Venezuela

  

  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.

• Wednesday, August 24th 2011 - 07:21 UTC

  Chavez only recognizes the Gaddafi government; accuses US of inciting civil war

  

  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.

• Monday, August 22nd 2011 - 20:59 UTC

  Chavez supporters shave their heads in solidarity with the Venezuelan leader

  

  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.

• Monday, August 22nd 2011 - 07:22 UTC

  Chavez health and ‘arbitrary laws’ make S&P downgrade Venezuela’s rating

  

  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.

• Monday, August 22nd 2011 - 07:10 UTC

  Venezuela has requested 99 tons of gold holdings from the Bank of England

  

  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.

• Wednesday, August 17th 2011 - 23:15 UTC

  Venezuela: biggest oil reserves, but also record corruption and mismanagement

  

  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.

• Wednesday, August 17th 2011 - 01:06 UTC

  Venezuelan creditors want cash and gold reserves ‘closer home’, claims lawmaker

  

  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.

• Wednesday, August 10th 2011 - 17:54 UTC

  Venezuelan inflation soars 2.7% in July; accumulates 25.1% in twelve months

  

  Venezuelan July inflation, as measured by the national index INPC, came in on the high side of expectations at 2.7%, up from June.

• Monday, August 1st 2011 - 23:02 UTC

  As promised Chavez went on national television with his Yul Brynner look

  

  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.