Business News Venezuela

  • *Sudan cut off from IMF funding. KHARTOUM, Jan 17- Sudan must implement radical reforms or seek a bailout from friendly nations to pull its economy out of the downward spiral that helped trigger the nationwide protests now rocking the country, economists and bankers say. Attempts to raise bread and fuel prices to reduce the cost of subsidies sparked protests that...

  • BRASILIA, Jan 16- Brazil's far-right President Jair Bolsonaro and Argentina's President Mauricio Macri said after their first meeting on Wednesday that they agreed on opposing Venezuela's authoritarian government, with Macri calling Venezuelan President Nicolas Maduro a "dictator." Argentine Foreign Minister Jorge Faurie said the only legally...

  • BRASILIA, Jan 16- Brazil's far-right President Jair Bolsonaro and Argentina's President Mauricio Macri said after their first meeting on Wednesday that they agreed on their opposition to Venezuela's authoritarian government, with Macri calling Venezuelan President Nicolas Maduro a "dictator." "Our cooperation with Argentina on the Venezuelan question...

  • CARACAS, Jan 16- Yusneiker and Anthonella have been living with their grandmother since their father left Venezuela and its collapsing economy last year for Peru, to try and earn enough to feed them. Two years earlier, their mother fled for the Dominican Republic for the same reason. Yusneiker, 12, and Anthonella, 8, are eating better thanks to hard currency...

  • CARACAS, Jan 15- Venezuela's opposition-run Congress declared President Nicolas Maduro a "usurper" on Tuesday, and the U.S. government indicated its support for an opposition leader, ratcheting up pressure on the socialist president as he embarks on a disputed second term. President Donald Trump's administration was considering recognizing the leader of...

  • CARACAS, Jan 15- Venezuela's opposition-run Congress on Tuesday formally declared President Nicolas Maduro a "usurper," whose actions would be considered null and void after he was sworn in last week for a disputed second term. President Donald Trump is considering recognizing the leader of the Congress, Juan Guaido, as Venezuela's legitimate president, CNN...

  • CARACAS, Jan 15- Venezuela's opposition-run congress on Tuesday approved a measure asking dozens of foreign governments to seek a freeze on bank accounts controlled by the administration of President Nicolas Maduro, according to a draft document seen by Reuters.

  • CARACAS, Jan 15- Venezuela's opposition-run Congress on Tuesday formally declared President Nicolas Maduro a "usurper," whose actions would be considered null and void after he was sworn in last week for a disputed second term. President Donald Trump is considering recognizing the leader of the Congress, Juan Guaido, as Venezuela's legitimate president, CNN...

  • TRUMP CONSIDERING RECOGNIZING VENEZUELA CONGRESS CHIEF JUAN GUAIDO AS THE COUNTRY'S LEGITIMATE PRESIDENT: CNN CITING SOURCES.

  • CARACAS, Jan 15- Venezuela's opposition-run congress is considering a measure that would ask dozens of foreign governments to seek a freeze on bank accounts controlled by the government of President Nicolas Maduro, according to draft documents seen by Reuters. Congress is also preparing to formally declare Maduro a usurper following his inauguration on...

  • Venezuela has not asked Russia for a new loan, but it is servicing its debt to Russia under new arrangements following a debt restructuring deal, Sergei Storchak was quoted as saying.

  • CARACAS, Jan 14- Venezuelan President Nicolas Maduro on Monday raised the minimum wage by 300 percent to 18,000 bolivars per month, around $6.70, as part of routine wage hikes in an economy suffering from annual inflation approaching 2 million percent. Maduro announced the move in a speech in Caracas. Critics in the United States and Latin America, as well as...

  • GENEVA, Jan 14- Venezuela has launched a complaint at the World Trade Organization to challenge Colombia's restrictions on the distribution of liquid fuels imported from Venezuela, a filing published by the WTO showed on Monday. Venezuela said Colombia was illegally discriminating against its fuel exports by imposing "a series of distribution and...

  • GEORGETOWN, Jan 10- Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday. OPEC- member Venezuela's crude output is near its lowest levels in 70 years amid an economic crisis.

  • GEORGETOWN, Jan 10- Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not yet returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday. OPEC- member Venezuela's crude output is near its lowest levels in 70 years amid an economic crisis.

  • Venezuela's election was neither free nor fair:

    Russ Dallen of Caracas Capital Markets says Venezuelan President Nicolas Maduro being sworn in for a second term will throw the country into "chaos" because most of the world will not recognize his leadership.

  • GENEVA, Jan 8- Venezuela has launched a complaint at the World Trade Organization to challenge U.S. sanctions, saying that a ban on travel by blacklisted individuals and trade restrictions break WTO rules, a WTO filing showed on Tuesday. In its second-ever WTO complaint, filed on Dec. 28, Venezuela also cited U.S. rules on sales of gold and discriminatory treatment...

  • VENEZUELA LAUNCHES WORLD TRADE ORGANIZATION DISPUTE TO CHALLENGE UNITED STATES SANCTIONS- WTO FILING.

  • CARACAS, Jan 7- Venezuelan state oil firm PDVSA has signed a deal with little-known U.S. energy firm Erepla, partly owned by a prominent Florida Republican, to help increase the socialist-run country's plummeting crude oil output, the company said. Erepla Services LLC, with an undisclosed stake held by Republican Harry Sargeant III and which Delaware state...

  • BRASILIA, Jan 4- Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation. The newly inaugurated leader, speaking at an Air Force swearing-in ceremony on Friday, further said he is...