Venezuela
Venezuela Zoetis net income rises to $165m in 1Q
CARACAS: Zoetis Inc. reported that its net income attributable to the company increased to $165 million from the prior year's...
Venezuela’s economy suffers as import schemes draw off
CARACAS: The weed whackers were $12,300. Then there was the $1.8 million machinery to kill and gut chickens. When the...
Venezuela plans to ration, adjust energy usage
CARACAS: Already buffeted by widespread violence, crippling shortages, and skyrocketing inflation, Venezuelans will be confronted with a new burden in...
Venezuelan President Maduro raises minimum wages by 30%
CARACAS: The Venezuelan government has increased the minimum wages by 30 per cent to help workers being battered by the...
Venezuela’s Cacao export freeze alarms European, Asian producers
TOKYO: European and Japanese chocolate producers have demanded the Venezuelan government account for the more than five-month delay in the...
Venezuela invests $73b in building affordable housing
CARACAS: Venezuelan President Nicolas Maduro announced Thursday that his government has invested more than 73 billion U.S. dollars in the...
Venezuela cancels export permits of chocolate trade
CARACAS: William Machado worked all winter harvesting palm-sized yellow cacao pods and drying the flavorful beans inside. He's part of...
Venezuela’s illegal border trade touches approximately $5b a year
CARACAS: Colombians in Cúcuta, on the border with Venezuela, dine on smuggled chicken, rice, and pasta, brush their teeth with...
Venezuela to announce economic reform measures soon
CARACAS: President Nicolas Maduro said that he will announce economic reform measures this week, as Venezuela grapples with severe inflation,...
Venezuela, US, BRICS should work together to find energy solution
CARACAS: The high cost of electricity produced by oil has been a major factor constraining economic growth in most Caribbean...
Venezuela energy crisis: Offices to stay open just 6 hours a day
CARACAS: Venezuelan government workers are getting a few extra hours off each day as officials try to save on electricity....
Venezuela to import equipments from China for new housing units: Maduro
CARACAS: Venezuelan president Nicolas Maduro said that the government will work with Chinese companies to build new housing units as...
Venezuela state oil firm’s net-profit falls by 4.3% in 2014: report
CARACAS: Venezuelan state oil company PDVSA's earnings fell 4.3 percent in 2014, reporting drops in production and exports after a...
Venezuela, Algeria to form joint venture for blended crude oil
CARACAS: Algeria's Sonatrach and Venezuela's PDVSA would target the US as a market for the two countries' potential new blend...
Venezuela oil revenue declines by $24b in 2014
CARACAS: Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have...
Venezuela investigates ex-minister’s ferry purchase corruption case
CARACAS: A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during...
Venezuela receives $5b loan from China for development
CARACAS: Venezuela has received $5 billion of new financing from China, as President Nicolas Maduro battles Latin America’s deepest recession...
Venezuela’s oil minister visits Saudi Arabia, Iran in OPEC diplomatic tour
CARACAS: Venezuela’s oil minister led a delegation in meetings with Saudi Arabian officials, following talks in Iran, in an OPEC...
Venezuela exports 2.4-2.5m barrels oil per day: PDVSA
CARACAS: OPEC member Venezuela is currently exporting between 2.4-2.5 million barrels per day from national crude production of around 2.85...
Venezuela owes int’l suppliers $10 billion due to hard currency allocation
CARACAS: Venezuelan importers and private companies have racked up arrears of around $10 billion with international suppliers due to delays...
