A Venezuelan court sentenced the publisher of a prominent provincial newspaper to four years in prison for defamation in the coverage of corruption at a state mining company, sparking concern Continue Reading
Venezuela’s state-run oil company PDVSA has launched one of its largest oil tenders ever, seeking to buy some 8 million barrels of U.S. or Nigerian light crude for delivery from Continue Reading
Venezuela will move to a floating exchange rate for non-essential imports on Thursday and allow the state-owned oil company to sell dollars into the new market, said Miguel Perez Abad, Continue Reading
A bit of financial juggling may have helped Nicolás Maduro, Venezuela’s embattled socialist president, stave off a default after paying $1.5bn to international creditors last month. But that will not Continue Reading
Venezuela has settled debts with at least three global drug companies by giving them bonds that trade at a heavy discount, a further sign of the OPEC nation’s worsening financial Continue Reading
Venezuela has been in a tailspin since former President Hugo Chavez died in March 2013. But in addition to the country’s visible economic and political deterioration, another crisis is emerging, Continue Reading
Forecast Given their fragmented, decentralized structure, Venezuela’s colectivos would have a difficult time openly confronting security forces in the coming year. These groups will try to maintain their independence in Continue Reading
As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of Continue Reading
As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of Continue Reading
Venezuela is planning to move fast with a new mining joint venture announced this week with Spokane, Washington-based Gold Reserve Inc. and will start extracting the precious metal within six Continue Reading
