David Rees, emerging markets economist at Capital Economics, discusses the Venezuelan economy and says that President Maduro shows no signs of implementing the reforms that are needed.» Read More
CARACAS, Venezuela— Venezuelans could soon have to scan their fingerprints to buy bread. President Nicolas Maduro says a mandatory fingerprinting system is being implemented at grocery stores to combat food shortages by keeping people from buying too much of a single item.
CARACAS, Venezuela— Come to Venezuela and you might get a longer trip than you bargained for. The U.S. Embassy in Caracas issued an advisory Tuesday urging Americans to be careful when traveling to Venezuela because of the steep drop in airline service to the South American country.
The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?
NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default. If a deal is not reached, Argentina faces another default on its sovereign obligations.
NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default.
Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy. "It's not just damage to Argentina. Regional heavyweight Brazil also backed Argentina.
NEW YORK/ BUENOS AIRES, July 29- Argentine Economy Minister Axel Kicillof unexpectedly arrived in New York on Tuesday to join last-minute debt negotiations with "holdout" investors in a bid to avert a default.
Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy.
NEW YORK/ BUENOS AIRES, July 29- Holders of Argentina's euro-denominated exchange bonds urged a U.S. judge on Tuesday to suspend a debt ruling in favor of holdout investors suing the country that risks toppling Latin America's No. 3 economy into default. Argentina has until the end of Wednesday to either fulfill a ruling by U.S.
NEW YORK/ BUENOS AIRES, July 29- Argentine debt negotiators held talks in New York on Tuesday with the U.S. mediator in the South American country's battle with holdout investors, in a last-ditch attempt to avert a default.
CARACAS, July 14- German airline Lufthansa said on Monday it will reduce service to Venezuela by 40 percent starting next month amid an ongoing dispute about repatriation of revenue from ticket sales.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other U.S. carriers who have cut service over the country's foreign exchange controls.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other major U.S. carriers who have reduced service because of problems repatriating their revenue through the country's foreign exchange controls.
"This warning is not entirely surprising given Lufthansa's warning in June for the same reasons and the recent 21 percent decline in Air France-KLM's share price," said Citi Research analyst Andrew Light in a note.
CARACAS, July 7- Delta Air Lines will run only one flight a week to Venezuela instead of one a day because of difficulties repatriating revenue through the country's exchange controls, the company said on Monday.
LONDON, June 16- Venezuela wants to increase oil supplies to the United States to regain some of the market share it lost over the past decade as Caracas sees the U.S. boom in light oil from shale as a chance to raise heavy-crude exports, the country's oil minister said.
CARACAS, June 13- Venezuela's inflation soaring above 60 percent has boosted pressure on President Nicolas Maduro to speed up a transition toward a market-driven economy as the OPEC nation's model of state-controlled socialism heads toward stagflation.
The large number of Miami home buyers are from overseas, and a huge portion of them pay in cash, one realtor says.
MARACAIBO, Venezuela, May 21- Venezuelan state oil company PDVSA on Wednesday said it had been granted a total of $2 billion in credit lines by oilfield services companies Halliburton Co, Schlumberger NV and Weatherford International Ltd..
CARACAS, May 14- Italian airline Alitalia on Thursday confirmed that it is suspending service to Venezuela between the start of June and the end of October because of growing disputes over delays in repatriating revenue under the country's currency controls.