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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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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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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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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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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In Crisis-Hit Venezuela, Even Opponents Miss Hugo Chavez
Since Hugo Chavez died two years ago, Venezuela's economy has tanked and the government has lurched toward more repressive tactics, triggering nostalgia among the late leftist firebrand's supporters and even his opponents.
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Thousands March Against President Maduro in Venezuela
Thousands of opponents of Venezuelan President Nicolas Maduro marched in Caracas on Saturday to denounce the socialist government for a deepening economic crisis marked by widespread shortages and galloping inflation.
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Thousands March Against President Maduro in Venezuela
Thousands of opponents of Venezuelan President Nicolas Maduro marched in Caracas on Saturday to denounce the socialist government for a deepening economic crisis marked by widespread shortages and galloping inflation.
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Venezuela President Receives Parade Amid Looming Crisis
Venezuelan President Nicolas Maduro was greeted by the Venezuelan equivalent of a ticker tape parade on Saturday as he returned to an increasingly stricken economy from a two-week fundraising trip.
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Venezuela Confirms Economy Fell Into Recession
Venezuela's socialist government has confirmed that the economy fell into a deep recession this year but blamed the slump on opponents trying to sabotage activity in the oil-rich nation.
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Venezuela Leader Rallies Socialists at First Post-Chavez Congress
Venezuela's ruling Socialist Party began a six-day congress on Saturday with President Nicolas Maduro seeking to fire up militants and quell dissidents who say he is failing to fix the economy or end graft.
-
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.
-
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.
-
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...
-
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.
-
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.
-
In Crisis-Hit Venezuela, Even Opponents Miss Hugo Chavez
Since Hugo Chavez died two years ago, Venezuela's economy has tanked and the government has lurched toward more repressive tactics, triggering nostalgia among the late leftist firebrand's supporters and even his opponents.
-
Thousands March Against President Maduro in Venezuela
Thousands of opponents of Venezuelan President Nicolas Maduro marched in Caracas on Saturday to denounce the socialist government for a deepening economic crisis marked by widespread shortages and galloping inflation.
-
Thousands March Against President Maduro in Venezuela
Thousands of opponents of Venezuelan President Nicolas Maduro marched in Caracas on Saturday to denounce the socialist government for a deepening economic crisis marked by widespread shortages and galloping inflation.
-
Venezuela President Receives Parade Amid Looming Crisis
Venezuelan President Nicolas Maduro was greeted by the Venezuelan equivalent of a ticker tape parade on Saturday as he returned to an increasingly stricken economy from a two-week fundraising trip.
-
Venezuela Confirms Economy Fell Into Recession
Venezuela's socialist government has confirmed that the economy fell into a deep recession this year but blamed the slump on opponents trying to sabotage activity in the oil-rich nation.
-
Venezuela Leader Rallies Socialists at First Post-Chavez Congress
Venezuela's ruling Socialist Party began a six-day congress on Saturday with President Nicolas Maduro seeking to fire up militants and quell dissidents who say he is failing to fix the economy or end graft.
