Does the elevation of a military man to the number two position in the government show the military is trying to take control of the government? Michelle Caruso-Cabrera reports. » Read More
Is there any silver lining to Venezuela’s economic crisis? Carlos de Sousa, economist for Latin America Macro Research at Oxford Economics, explains why problems will endure in 2016.
"We deeply regret that for these reasons, we will be forced to suspend our service between Caracas and Frankfurt as of June 18," the company wrote in a statement, noting that demand for international flights to Caracas dropped in 2015 and the first quarter of 2016.. Lufthansa does not plan to shut its office in Caracas. American Airlines in March said it was scrapping...
The country's gold reserves have fallen to the lowest level on record.
James Lockhart Smith, Head of Financial Sector Risk at Verisk Maplecroft, discusses the political and economic turmoil in Venezuela.
*Iraq, Nigeria need to repay debts to oil majors with oil. This has crippled the finances of countries such as Angola, Venezuela, Nigeria and Iraq and created a further division within the Organization of the Petroleum Exporting Countries. This year Angola, Nigeria, Iraq, Venezuela and Kurdistan are due to repay a total of between $30 billion and $50 billion with oil,...
While the oil markets remain volatile, there are a handful of stocks in the sector that are the best bets right now, says Andy Lipow.
Two bond investors explain why they own Venezuelan debt despite the country's problems.
Jim Cramer’s telling viewers his biggest worry to watch out in the week ahead.
Jim Cramer highlights an under-the-radar way to invest in emerging markets, without the volatility and the risk.
CARACAS, May 20- A teenage protester reads the constitution to Venezuelan soldiers blocking a march. Amid the melee on the front line of the latest protest in Caracas, the young soldiers' faces remain impassive. Venezuela's opaque but powerful military- a key power-broker in past unrest- is under increasing scrutiny as socialist President Nicolas Maduro...
Three major factors are helping WTI and Brent crude trade higher on Friday.
Venezuela's President responds to Mujica, who called Maduro 'crazy like a goat.'
Called "mad as a goat" by Uruguay, Venezuela's Maduro replies that he's only crazy with love for his country.
Nicholas Watson, senior vice president at Teneo Intelligence, looks at the political volatility in Venezuela, while commenting on the future for its president, Nicolas Maduro.
CARACAS, May 19- Venezuela's state oil company PDVSA said its oil output was stable in the first quarter of the year, knocking down reports of declining production due to a cash crunch and shortages, though the company didn't provide figures. Production increases in the extra-heavy crude Orinoco Belt have offset declines in mature fields in the west of the OPEC...
Discussing Venezuela's economy and debt with Hans Humes, Greylock Capital Founder & CEO, and Daniel Phillips, Director of Political and Macroeconomic Research at Callaway Capital.
The opposition leader accuses President Nicolas Maduro of "putting himself above the constitution" by imposing emergency powers, the BBC reports.
*Dr Reddy's, Glenmark have invested heavily in Venezuela. MUMBAI/ NEW DELHI, May 18- Indian officials say they have proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India's largest pharmaceutical companies. Several of India's generics producers, led by the country's second-largest...
The political power struggle in Venezuela may intensify as the country declares an economic emergency, says Stratfor's Reggie Thompson.
Protests are on the rise and a key poll shows nearly 70 percent of Venezuelans now say Maduro must go this year.