Category: Venezuela

American Airlines Group Inc on Tuesday said it has written off more than half a billion dollars in revenue stuck in Venezuela because of currency controls. American, the world’s largest Continue Reading

 Venezuela on Friday released its first economic data in more than a year Friday, showing an economy in shambles and inflation at a historic high. The Central Bank for the Continue Reading

The Venezuelan government has announced a 60-day economic emergency to deal with the country’s worsening crisis. President Nicolas Maduro will rule by edict for two months. The decree includes tax Continue Reading

Venezuela’s Supreme Court has ruled that decisions by the country’s new opposition-controlled legislature are void until three banned opposition lawmakers are removed from office, deepening a power struggle in the Continue Reading

Venezuela’s new economy minister , who has argued that inflation doesn’t exist “in real life,” said policies to be announced on Jan. 12 would seek to avoid sacrifices by ordinary Continue Reading

Venezuela’s new opposition congress on Wednesday swore in three lawmakers barred by the Supreme Court from taking their seats, setting up a direct confrontation with the ruling socialists in this Continue Reading

Venezuela’s opposition took majority control of the National Assembly on Tuesday after years in the political wilderness, setting the stage for a potential power struggle with embattled President Nicolas Maduro. Continue Reading

A decision by Venezuela’s president to curb legislative oversight of the central bank has increased the embattled country’s prospects of sliding into hyperinflation, according to analysts.  The tactic is the Continue Reading

In Venezuela, where 2015 ended on grenade blasts alongside fireworks, the start of the new year promises an explosive showdown as an opposition-led legislature is sworn in on Tuesday.  Incoming Continue Reading