Tag: Venezuela

• 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 - 23:26 UTC

  UN watchdog blasts Ban Ki-moon blessing of Syria and Venezuela as C24 members

  

  A UN watchdog group criticized Ban Ki-moon for his blessings to the UN committee charged with “decolonizing” among others, the Falkland Islands and Gibraltar, at the same time as the 24-nation group elected mass murdering Syria and human rights abusing Venezuela to leadership posts.

• 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.”

• Monday, February 29th 2016 - 09:24 UTC

  Venezuela pays debt to bankers but bakeries have no bread, because of scarce flour

  

  Venezuela has paid $1.54 billion in principal and interest owed to international bondholders, the Banking and Finance Ministry said Saturday. President Nicolas Maduro's administration “once again manifests its willingness and capacity to honor its financial commitments in a timely manner, demonstrating its solvency in international markets,” the ministry said of Friday's payment.

• Monday, February 1st 2016 - 06:22 UTC

  Venezuelan lobbying for oil production reduction: tour begins Monday in Russia

  

  Venezuelan Oil Minister Eulogio Del Pino will visit Russia, Qatar, Iran and Saudi Arabia on a tour of OPEC and non-OPEC countries intended to drum up support for action to stem the tumble in crude prices.

• Friday, January 29th 2016 - 03:28 UTC

  Maduro claims he will not rest until a Celac summit is held in Malvinas Argentinas

  

  Venezuelan president Nicolas Maduro was the only leader to take time during the recent Celac summit, to make a public statement on the Falklands/Malvinas pledging full support for Argentina's sovereignty claim over the Islands and promising not to rest until “the dream of Malvinas Argentinas comes true”.

• Tuesday, January 26th 2016 - 07:34 UTC

  Venezuela could lose UN voting rights because of US$ 3m in arrears

  

  St. Vincent and the Grenadines, Venezuela and the Dominican Republic are among nine countries that have lost their voting rights at the United Nations because of arrears in their annual contributions to the world body.

• 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.