Venezuela

• Tuesday, August 12th 2014 - 06:10 UTC

  Venezuelan oil company begins operations with China’s Citic Bank

  

  Venezuela’s state-run oil company PDVSA has started using China Citic Bank to collect money from crude and fuel sales instead of Portugal’s Banco Espirito Santo, according to media reports in Caracas.

• Friday, August 8th 2014 - 08:31 UTC

  IATA warns Venezuela it could be left isolated, if it doesn't pay airlines

  

  The International Air Transport Association (IATA) has reminded the Venezuelan government that if it fails to settle debts with international airlines, the country would be isolated from the world; hence, the association urged Venezuela to reach agreements, and above all, to fulfill such agreements.

• Thursday, July 31st 2014 - 07:29 UTC

  US imposes travel restriction on a number of Venezuelan officials

  

  The United States is imposing travel restrictions on a number of Venezuelan officials. Washington did not specify how many people would be affected, but said those “who have been responsible for or complicit in human rights abuses” would not be “welcome” in the US.

• Tuesday, July 29th 2014 - 06:19 UTC

  IATA claims from Venezuela the 4.1 billion dollars owed to airlines

  

  The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate in full and at fair exchange rates airline funds being blocked in the country.

• Monday, July 28th 2014 - 07:30 UTC

  Cash-short Venezuela considering the sale of its US downstream subsidiary

  

  Venezuela's state-run oil company Petroleos de Venezuela SA (PDVSA) is considering offers to sell its U.S. downstream subsidiary Citgo, industry research group Argus Media reported on its website last Friday.

• Monday, July 28th 2014 - 07:11 UTC

  Dutch government releases former Venezuelan general retained on DEA request

  

  The Dutch government released a former Venezuelan general who was detained on US drug charges when he arrived in Aruba to serve as his country's consul on the Dutch Caribbean island, sending him home Sunday night and defusing a diplomatic fight with its neighbor.

• Saturday, July 26th 2014 - 07:05 UTC

  Mercosur to consider forming an 'economic forum' with ALBA and Petrocaribe

  

  Uruguay's president Jose Mujica will be attending the next Mercosur presidential summit scheduled for Tuesday, 29 July in Caracas, when the creation of an economic forum Mercosur/ALBA/PetroCaribe will for consideration as part of the agenda.

• Saturday, July 26th 2014 - 06:04 UTC

  Venezuelan general retained in Aruba to be extradited to the US

  

  A judge in Aruba ruled Friday that the highest-ranking Venezuelan official ever arrested on a U.S. warrant will remain behind bars pending an extradition request on drug charges. Hugo Carvajal, a former head of Venezuelan military intelligence and close confidant of the late president Hugo Chavez, was arrested upon arriving at Aruba’s airport, officials said Thursday.

• Thursday, July 24th 2014 - 23:27 UTC

  Hard-line opposition leader Lopez on trial; defense evidence thrown out

  

  The trial against Venezuelan hard-line opposition leader Leopoldo Lopez, who is accused of inciting violence at anti-government protests has began in Caracas. Lopez could face up to 13 years in jail if convicted.

• Tuesday, July 22nd 2014 - 06:25 UTC

  Venezuela admits its ever growing dependency from China

  

  Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.