Politics Nicolás Maduro

  • The proposed payment mechanism is the latest sign of the growing proximity of Venezuela's cash-strapped government to Russia as the United States tightens a financial noose around Venezuelan President Nicolas Maduro, who it describes as a dictator. Russia has publicly said the U.S. sanctions are illegal and it would work with Venezuela to weather them.

  • CARACAS, April 19- Venezuelan opposition leader Juan Guaido on Friday called on supporters to take to the streets on May 1 for what he called "the largest march in the history" of the South American country to keep the pressure on President Nicolas Maduro to leave power. Guaido, the head of the opposition-controlled National Assembly who in January invoked the...

  • CARACAS, April 18- U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's $50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island's offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts...

  • *Venezuela sells oil invoices to Russia at discount Russia pays Venezuela, collects cash from buyers Arrangements keep money flowing despite U.S. sanctions Venezuelan dependence on Russia growing. The sales are the latest sign of the growing dependence of Venezuela's cash-strapped government on Russia as the United States tightens a financial noose...

  • LONDON, April 18- Britain said it was concerned by new attempts by the United States to require foreign companies to abide by U.S. sanctions on Cuba that have been rejected by Britain and other European countries. "The extraterritorial application of... sanctions, which we consider to be illegal under international law, threaten to harm UK and EU companies doing...

  • PARIS, April 18- Drinks group Pernod Ricard is having regular and "courteous" talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. The Trump administration is lifting a long-standing ban against U.S. citizens filing lawsuits against...

  • MIAMI/ WASHINGTON, April 17- The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela's socialist president, Nicolas Maduro. President Donald Trump's decision, which the State Department said could unleash hundreds of...

  • MIAMI/ WASHINGTON, April 17- The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela's socialist president, Nicolas Maduro. President Donald Trump's decision, which the State Department said could unleash hundreds of...

  • HOUSTON/ MEXICO CITY, April 17- Spain's Repsol has suspended its swaps of refined products for crude with Venezuela's state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela. The Spanish oil company has been swapping fuel and waiving payments due from a joint venture...

  • MIAMI/ WASHINGTON, April 17- The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela's socialist president, Nicolas Maduro. President Donald Trump's decision, which the State Department said could unleash hundreds of...

  • It would follow a March decision by the World Bank's International Center for Settlement of Investment Disputes to impose the largest arbitration award against Venezuela. George Kahale, a U.S. attorney who represented the Venezuelan government before the World Bank tribunal, did not immediately respond to a request for comment. Venezuela's information...

  • WASHINGTON, April 16- The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties Communist-ruled Cuba confiscated since Fidel Castro's revolution six decades ago, a senior U.S. official said on Tuesday. President Donald Trump's national security adviser John Bolton on Wednesday will...

  • BRUSSELS, April 16- The European Union has warned Washington that any move to allow U.S. citizens to sue foreign firms doing business in Cuba could lead to a World Trade Organization challenge and a cycle of counter-claims in European courts. The two EU officials called on Washington to adhere to a 1998 agreement to grant a consistent waiver for EU companies and...

  • Secretary of State Mike Pompeo made of Beijing's policies in South America, saying countries there would soon see who their "true friend" was. Pompeo on Friday, during a three-day trip to Chile, Paraguay and Peru, accused China of aiding Venezuela's economic collapse by bankrolling President Nicolas Maduro as the country spirals into deepening political...

  • *Global growth could weaken further- Japan finance minister. Policymakers from the Group of 20 industrialized countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further. Aso's remarks dovetail with those of other officials gathered...

  • WASHINGTON, April 12- The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said carried oil to Cuba. We continue to target companies that transport Venezuelan oil to Cuba, as they are profiting while the...

  • WASHINGTON, April 12- The United States repeated its opposition to increasing overall funding and shareholding quotas for the International Monetary Fund, putting it at odds with other stakeholders on the need to boost the global lender's resources and update its governance. Treasury Secretary Steven Mnuchin said the Trump administration opposes any...

  • VALENCIA, Venezuela, April 12- The latest power outage started another tough week for factory owner Antonello Lorusso in the city of Valencia, once Venezuela's industrial powerhouse. Lorusso's packaging plant, Distribuidora Marina, had already struggled through years of hyperinflation, vanishing client orders, and a flight of employees.

  • Azerbaijan's STAR refinery in Turkey is new competitor for sours. MOSCOW, April 12- European refiners are paying the price for U.S. oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed. Compounding the impact of...

  • *UK business uncertainty' through the roof'- BoE chief. WASHINGTON, April 11- The six-month delay of Britain's exit from the European Union avoids the "terrible outcome" of a "no-deal" Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday.