
Jose Miguel Insulza, Secretary General of the Organization of American States (OAS), said on Friday that “the detention of the Mayor of Caracas, Antonio Ledezma, has caused alarm due to the way in which it took place and because it deals with an elected leader exercising his duties.”

Venezuelan intelligence agents arrested on Thursday opposition leader and Caracas metropolitan mayor Antonio Ledezma, witnesses said, after accusations he was involved in a coup attempt against President Nicolás Maduro.

Backers of jailed Venezuelan opposition leader Leopoldo Lopez took to the streets of Caracas on Wednesday on the first anniversary of his arrest and subsequent jailing, but the mood of last year’s mass protests against the government of President Nicolas Maduro was markedly different.

Venezuelan Finance minister Rodolfo Marco Torre announced that ”soon there will be important announcements on the issue of gasoline”, underlining that “a piece of candy cannot cost more than a liter of gasoline”.

Germany wants to speed negotiations for a free trade agreement between the European Union and Mercosur, said Foreign minister Walter Steinmeier in Brasilia. The agreement has been pending since 1999 when discussions started but so far have been unable to reach a deal or commit a date because of internal problems from both sides.

Venezuelan president Nicolas Maduro Thursday night went on the air and said the intelligence services had foiled a coup and arrested multiple people who were behind the attempt, which was backed by the United States.

Venezuelan police fired tear gas Thursday to break up students demonstrating against President Nicolas Maduro's government, on the anniversary of protests that eventually left 43 people dead last year.

Venezuela's vice president for economic policy announced Tuesday that the government will inaugurate this week a three-tiered exchange-rate regime which includes a “totally free” market open to both individuals and companies.

Ratings agency Standard and Poor's on Monday downgraded Venezuelan long-term credit ratings to CCC from CCC+, citing falling oil prices and the government's failure to address economic distortions.

A former bodyguard of Venezuela’s Socialist Party heavyweight Diosdado Cabello Leamsy Salazar, who fled the country earlier this week and was reportedly collaborating with US authorities investigating allegations of Venezuelan officials' involvement in drugs, said late president Hugo Chavez did not die on 5 March 2013 but on 30 December 2012.