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Business Venezuela

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear would consolidate dictatorship in the OPEC country. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will consolidate dictatorship in the OPEC country. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield...

  • The arrangement with Venezuela's state-owned oil firm, PDVSA, has drawn fire from U.S. senators who do not want Russia in a position to own a substantial stake of U.S.-based energy assets in potential violation of existing economic sanctions. President Donald Trump threatened to impose "strong economic actions" on Venezuela unless embattled leftist...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will consolidate dictatorship in the OPEC country. as he manned a roadblock on a Caracas thoroughfare that was devoid of traffic.

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will institute dictatorship. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield emblazoned with "No To...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand a presidential election and the abandonment of a plan for a new congress they fear would institute dictatorship. From the Andes to the Amazon, many businesses shut as the majority-backed opposition staged a 24-...

  • CARACAS, July 20- Many Venezuelan streets were deserted and barricaded on Thursday for a strike called by foes of President Nicolas Maduro to demand a presidential election and the abandonment of a plan for a new congress they fear would institute a dictatorship. Many businesses were staying shut as the opposition organized a 24- hour national shutdown from 6...

  • Oil-rich Venezuela has been plunged into political and economic turmoil as petroleum prices plummet, nationalized farms and factories halt production and corruption runs rampant. The United States, European Union, Germany, Brazil, Canada and Mexico are among countries that have called for the constitutional rewrite to be canceled. President Donald Trump...

  • Their comments followed President Donald Trump's vow on Monday to take "strong and swift economic actions" if Maduro went ahead with the new body that would have power to rewrite Venezuela's constitution and supersede all institutions. "All options are on the table," including possible measures against Venezuela's vital oil sector such as banning its crude...

  • Maduro's leftist government vowed to proceed with the July 30 vote for the new Constituent Assembly despite what it called a "brutal interventionist" threat from its ideological foe. That official stressed "all options are on the table," including possible measures against Venezuela's vital oil sector, as Washington seeks to head off the July 30 vote, which it...

  • President Donald Trump speaks at a rally on June 21, 2017, in Cedar Rapids, Iowa.

    Trump threatened to take "strong and swift economic actions" if Maduro goes ahead with plans to create a Constituent Assembly.

  • CARACAS, July 12- Venezuela's government has seized assets from dozens of foreign corporations in nationalizations by the late President Hugo Chavez and the embattled current government of Nicolas Maduro. The legal fight that pushed GM out of Venezuela offers a unique case study in the struggles of foreign corporations to keep operations afloat- much less...

  • *$1.6 billion award reduced in March to $188 million. NEW YORK, July 11- A U.S. appeals court said on Tuesday that Exxon Mobil Corp cannot enforce a large international arbitration award against Venezuela stemming from an asset seizure in 2007, when the country was nationalizing its oil industry. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court...

  • NEW DELHI/ CARACAS, July 6- Cash-hungry Venezuela has offered Indian oil firm ONGC Videsh an increased stake in an oil field, according to two sources close to the proposal, as the country seeks to shore up its bruised energy industry and strengthen ties with New Delhi. State oil firm Petroleos de Venezuela SA has proposed selling a 9 percent stake in the San...

  • CARACAS, July 6- Unfazed by Venezuela's political unrest, devastated economy and ranking as one of the world's worst places to do business, two years ago Johel Fernandez started making sweatshirts emblazoned with icons of Caracas for online customers overseas. "Right now there is a movement of entrepreneurs who have decided' we are not going anywhere.' Venezuela...

  • CARACAS, July 6- Unfazed by Venezuela's political unrest, devastated economy and ranking as one of the world's worst places to do business, two years ago Johel Fernandez started making sweatshirts emblazoned with icons of Caracas for online customers overseas. "Right now there is a movement of entrepreneurs who have decided' we are not going anywhere.' Venezuela...

  • Goldman Sachs reportedly sold some of the Venezuelan bonds that caused an outcry last month

    Goldman Sachs has sold at least $300 million of Venezuelan state oil company bonds, The Wall Street Journal reported.

  • A man walks in front of a graffiti that reads "Chavismo means starvation" in Caracas, Venezuela April 10, 2017.

    Goldman Sachs has reportedly sold off at least $300 million in Venezuelan state oil company bonds it acquired in a controversial purchase.

  • Nicolas Maduro, president of Venezuela, arrives to a press conference in Caracas, Venezuela, on Thursday, June 22, 2017.

    Venezuelan President Nicolas Maduro said a police helicopter had attacked the country's Supreme Court on Tuesday.

  • A ​​hooded demonstrator stands near a burning motorbike in clashes with the riot police during an anti-government protest in Caracas, on June 22, 2017.

    On Thursday, Venezuelan troops fired what appeared to be rubber bullets at protesters attacking the perimeter of an airbase and a demonstrator was killed.