Business News Venezuela

  • SINGAPORE, Aug 19- China National Petroleum Corp has halted August loadings of Venezuelan oil following the latest set of U.S. sanctions on the South American exporter, two Beijing- based senior sources with direct knowledge of the matter told Reuters on Monday. The Trump administration in early August froze all Venezuelan government assets in the United...

  • BUENOS AIRES, Aug 16- When opposition presidential candidate Alberto Fernandez addressed a crowd of supporters after his landslide victory in Argentina's primary election, there was one notable absence from the stage: former president Cristina Fernandez de Kirchner. Fernandez de Kirchner, a firebrand leftist who is reviled and revered by Argentines in...

  • BUENOS AIRES, Aug 16- When opposition presidential candidate Alberto Fernandez addressed a crowd of supporters after his landslide victory in Argentina's primary election, there was one notable absence from the stage: former president Cristina Fernandez de Kirchner. Fernandez de Kirchner, a firebrand leftist who is reviled and revered by Argentines in...

  • PANAMA CITY, Aug 16- The Panama Canal will allow vessels coming from Venezuela to transit the waterway provided they present the necessary paperwork, the canal authority's chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American country may not make any difference to canal traffic. The measure did not explicitly place sanctions on...

  • *Demand for OPEC crude to fall 1.30 million bpd in 2020. LONDON, Aug 16- OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to curb supply. The bearish outlook due to slowing economies amid the U.S.- China trade dispute and...

  • HAVANA, Aug 15- Communist-run Cuba has imposed price controls on goods and services ranging from lemons and pork to haircuts and taxi fares in what it says is an effort to tame inflation as it increases state wages and pensions. On Thursday, prices in Havana were set for some basic foods such as beans, pork, lemons, bananas, onions and cabbage. Cuba has controlled...

  • CARACAS, Aug 15- Venezuela's opposition-controlled congress is considering reforms to the country's oil law that would open up the sector to private investment but are scaled back from the sweeping changes outlined in a past proposal, according to a draft of the bill seen by Reuters. The changes address issues that have limited companies' profitability since...

  • BUENOS AIRES, Aug 14- Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and tax cuts for lower-income workers to lessen the impact of an economic crisis just months before a re-election bid, but his announcement did not halt the peso currency's collapse. Argentina is currently suffering a recession and an inflation rate...

  • BUENOS AIRES, Aug 14- Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and lower taxes for workers to lessen the impact of an economic crisis just months before a re-election bid, but his announcement did not immediately halt the peso currency's collapse. Macri, a member of one of Argentina's wealthiest families, came to...

  • *Hong Kong protests, Argentine peso collapse unsettle markets. LONDON, Aug 13- Share markets fell for a third straight day on Tuesday as fears about a drawnout global trade war, protests in Hong Kong and a crash in Argentina's peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety. If that wasn't enough, Europe's bourses and the euro were...

  • *Hong Kong protests, Argentine peso collapse unsettle markets. LONDON, Aug 13- Share markets fell for a third straight day on Tuesday as fears about a drawn out global trade war, protests in Hong Kong and a crash in Argentina's peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety. Early 0.3%-0.6% drops from Europe's main indexes after...

  • RIO DE JANEIRO, Aug 12- Right-wing Brazilian President Jair Bolsonaro warned on Monday that his country could see a wave of migrants fleeing Argentina if a presidential election there returns leftist politicians to power, after their strong showing in a Sunday primary vote. Bolsonaro has cast himself as foe to the left-wing leaders around Latin America and...

  • MEXICO CITY, Aug 7- Panama's Canal Authority said on Wednesday that the canal was operating normally and without delays, adding that no ships had been detained in the trade waterway.

  • PANAMA CANAL AUTHORITY SAYS THERE ARE NO SHIPS DETAINED IN PANAMA CANAL, AFTER VENEZUELA GOV'T SAYS SHIP CARRYING 25,000 TONNES OF SOY WAS DETAINED IN CANAL.

  • Tensions have risen between Iran and the West since last year, when the United States pulled out of an international agreement that curbed the Islamic Republics nuclear programme in return for an easing of economic sanctions on Iran. Fuelling fears of a Middle East war with global repercussions, Iran's Revolutionary Guards seized British tanker Stena...

  • CARACAS, Aug 6- Venezuela's opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela- owned U.S.-based refiner Citgo from seizure by creditors. The move comes after Guaido asked the United States to issue an executive order protecting Citgo, which...

  • CARACAS, Aug 6- Venezuela's opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela- owned U.S.-based refiner Citgo from seizure by creditors. The move comes after opposition leader Juan Guaido asked the United States to issue an executive order...

  • U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, DC, March 27, 2019.

    "All property and interests in property of the Government of Venezuela that are in the United States ... are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in," a U.S. executive order says.

  • HOUSTON, Aug 3- The board of Citgo Petroleum appointed by Venezuela's congress chief was properly seated, a U.S. court ruled, dealing a blow to contested Venezuelan President Nicolas Maduro's efforts to retake control of the Texas- based refiner. Venezuelan congress chief Juan Guaido's recognition by the Trump administration as the South American country's...

  • View of damages in a supermarket in Valencia, Carabobo State, on May 5, 2017, the day after anti-government protesters looted stores, set fire to cars and clashed with police, leaving at least five people injured and one dead.

    A coup taking down Venezuelan president Nicolas Maduro would be only the first step to get the South American economy back on track. Shock therapy will be required to reverse the chaos of a state-run system that wasted its oil riches.