Venezuela Economy
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Oil Prices Remain Steady As Investors Weigh Trump Tariffs' Impact
Oil prices barely moved on Tuesday as investors weighed the impact of US tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand.
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Trump Ends Chevron's Venezuela Oil Permit In Major Blow To Nicolas Maduro
US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, removing a crucial source of revenue in a wobbly economy run by leftist adversary Nicolas Maduro.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
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India June Oil Imports Lowest In Nearly Nine Years On Low Demand, Monsoon
Last month, India did not import oil from Venezuela for the first time since June 2009
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Will Pump Dollars Into Venezuela, Fortify Economy If Maduro Leaves: US
The US is prepared to pump dollars into Venezuela to fortify its economy if President Nicolas Maduro leaves, the top White House economic advisor said Wednesday, as American senators introduced legislation to authorize $400 million in humanitarian aid.
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Venezuela Suspends Oil Exports To India: Report
The Indian market has been crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC country's crude, behind the United States.
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How Venezuela Turns Its Useless Bank Notes Into Gold
Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.
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Inflation-Hit Venezuela To Remove Five Zeroes From Currency
Venezuelan President Nicolas Maduro on Wednesday announced the removal of five zeroes from the country's currency -- two more than originally planned -- amid hyperinflation the IMF said could reach one million percent this year.
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I'll Cut Your Hair For 5 Bananas And 2 Eggs: Life In Caracas, Venezuela
I had time but, as usual, no bolivars. The attendant at the cash-only lot had some bills but no chance to leave his post during the fleeting moments the bakery nearby put his favorite bread on sale. The deal: He let me leave my car, and I came back with an extra loaf, acquired with my debit card. He reimbursed me-giving me a bonus of spare change f...
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Venezuelans Scramble As Most-Used Banknote Becomes Void
People are relying on credit cards and bank transfers, or avoiding making purchases altogether.
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Venezuela's Currency Is So Devalued It No Longer Fits In Ordinary Wallets
It's not so easy to find someone who still uses a wallet in Venezuela, where inflation is expected to reach 720 percent this year and the biggest bill - 100 bolivars - is worth about 5 U.S. cents on the black market.
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'Government, RBI trying to resolve payment issue with Venezuela'
The government and the Reserve Bank are working out a mechanism to resolve the payment issue with Venezuela, Commerce Secretary Rita Teaotia said on Monday.
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India Eyes Oil-For-Drugs Deal With Venezuela To Recoup Pharma Cash
Indian officials say they have proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India's largest pharmaceutical companies.
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Meet 2016's Worst Economic Performers, From Venezuela to Greece
For the world's worst-performing economies, no good will come from New Year's resolutions to do better. For many, 2016 will only bring more disappointment, say economists surveyed by Bloomberg.
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Triumphant Venezuela Opposition Looks to Boost Economy, Free Prisoners
Venezuela's opposition vowed on Monday to revive the OPEC nation's troubled economy and free jailed political activists after winning control of the legislature for the first time in 16 years of Socialist rule.
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Oil Prices Remain Steady As Investors Weigh Trump Tariffs' Impact
Oil prices barely moved on Tuesday as investors weighed the impact of US tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand.
-
Trump Ends Chevron's Venezuela Oil Permit In Major Blow To Nicolas Maduro
US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, removing a crucial source of revenue in a wobbly economy run by leftist adversary Nicolas Maduro.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
-
India June Oil Imports Lowest In Nearly Nine Years On Low Demand, Monsoon
Last month, India did not import oil from Venezuela for the first time since June 2009
-
Will Pump Dollars Into Venezuela, Fortify Economy If Maduro Leaves: US
The US is prepared to pump dollars into Venezuela to fortify its economy if President Nicolas Maduro leaves, the top White House economic advisor said Wednesday, as American senators introduced legislation to authorize $400 million in humanitarian aid.
-
Venezuela Suspends Oil Exports To India: Report
The Indian market has been crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC country's crude, behind the United States.
-
How Venezuela Turns Its Useless Bank Notes Into Gold
Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.
-
Inflation-Hit Venezuela To Remove Five Zeroes From Currency
Venezuelan President Nicolas Maduro on Wednesday announced the removal of five zeroes from the country's currency -- two more than originally planned -- amid hyperinflation the IMF said could reach one million percent this year.
-
I'll Cut Your Hair For 5 Bananas And 2 Eggs: Life In Caracas, Venezuela
I had time but, as usual, no bolivars. The attendant at the cash-only lot had some bills but no chance to leave his post during the fleeting moments the bakery nearby put his favorite bread on sale. The deal: He let me leave my car, and I came back with an extra loaf, acquired with my debit card. He reimbursed me-giving me a bonus of spare change f...
-
Venezuelans Scramble As Most-Used Banknote Becomes Void
People are relying on credit cards and bank transfers, or avoiding making purchases altogether.
-
Venezuela's Currency Is So Devalued It No Longer Fits In Ordinary Wallets
It's not so easy to find someone who still uses a wallet in Venezuela, where inflation is expected to reach 720 percent this year and the biggest bill - 100 bolivars - is worth about 5 U.S. cents on the black market.
-
'Government, RBI trying to resolve payment issue with Venezuela'
The government and the Reserve Bank are working out a mechanism to resolve the payment issue with Venezuela, Commerce Secretary Rita Teaotia said on Monday.
-
India Eyes Oil-For-Drugs Deal With Venezuela To Recoup Pharma Cash
Indian officials say they have proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India's largest pharmaceutical companies.
-
Meet 2016's Worst Economic Performers, From Venezuela to Greece
For the world's worst-performing economies, no good will come from New Year's resolutions to do better. For many, 2016 will only bring more disappointment, say economists surveyed by Bloomberg.
-
Triumphant Venezuela Opposition Looks to Boost Economy, Free Prisoners
Venezuela's opposition vowed on Monday to revive the OPEC nation's troubled economy and free jailed political activists after winning control of the legislature for the first time in 16 years of Socialist rule.
