Venezuela

• Saturday, November 14th 2015 - 11:07 UTC

  Venezuela's First Lady nephews unveil drug trafficking before New York court

  

  Two nephews of Venezuela's powerful first lady were ordered held without bail in New York on Thursday after being arrested in Haiti on charges of conspiring to smuggle 800 kilograms of cocaine into the U.S.

• Friday, November 13th 2015 - 08:32 UTC

  Venezuela calls OAS “the world's most perverted, corrupt and discredited organization”

  

  Key Venezuelan government officials launched a furious broadside at the Organization of American States (OAS), a day after its secretary general, Luis Almagro, criticized Caracas and questioned the fairness of the upcoming December 6 parliamentary polls.

• Thursday, November 12th 2015 - 07:29 UTC

  Nephews of Venezuela's First Lady face US drug trafficing charges

  

  Two nephews of Venezuela's first lady have been arrested in Haiti and taken to the US to face drug trafficking charges, US media reports say. Franqui Francisco Flores-de Freitas and Efrain Antonio Campo-Flores are accused of conspiring to smuggle 800kg of cocaine into the United States.

• Saturday, October 31st 2015 - 10:12 UTC

  Chavistas “will not surrender the revolution”, even in defeat in December's elections, warned Maduro

  

  Venezuelan President Nicolas Maduro warned that he wouldn’t let a defeat in December congressional elections derail his government even as his socialist party faces the possibility of losing control of the national assembly for the first time in 16 years.

• Saturday, October 31st 2015 - 06:51 UTC

  Venezuela seeking an additional 12 Sukhoi fighter jets from Russia

  

  Venezuela will allocate $480 million to upgrade its Sukhoi fighter jets from Russia. “President Nicolas Maduro just authorized the payment of $480 million so that the service life of our Sukhoi planes and continue to fulfill their duty and give protection to the Venezuelan airspace,” Venezuelan Defense Minister Vladimir Padrino Lopez was quoted, by Moscow's Sputnik news agency on Thursday.

• Friday, October 30th 2015 - 07:35 UTC

  Venezuela central bank gold holdings drop 19% in four months

  

  Venezuela central bank gold holdings declined in value by 19% between January and May, according to its financial statements, likely reflecting gold swap operations and lower bullion prices. The country has been struggling with stagflation due to low oil prices and a collapsing state-led economic model, holds a considerable portion of its monetary reserves in gold.

• Wednesday, October 28th 2015 - 07:54 UTC

  Venezuela warns Canada over mining activities in Guyana: 'infringing on territorial sovereignty'

  

  Venezuela has objected to a Canadian mining company operating in Guyana, telling the company it is infringing on Caracas’ sovereignty. And the move has not gone down well with Guyana’s president David Granger.

• Wednesday, October 21st 2015 - 06:35 UTC

  Venezuela presents 2016 budget based on a US$40 per barrel estimate

  

  Venezuela's proposed 2016 government budget is based on an estimate of $40 per barrel for the OPEC nation's oil exports, Finance Minister Rodolfo Marco said in a presentation to congress on Tuesday.

• Monday, October 19th 2015 - 09:53 UTC

  Guyana beefs up reserves to protect country from Venezuela and Suriname

  

  Against the background of what he said were continued territorial threats from both Venezuela and Suriname, Guyana President David Granger has announced a Total National Defense Policy.

• Monday, October 12th 2015 - 06:11 UTC

  Guyana now faced with refloated territorial claims from Suriname

  

  Less than a week after returning from the United Nations, where he raised concerns about Guyana’s border dispute with Venezuela, President David Granger was confronted with a similar issue involving Suriname.