In Venezuela, no toilet paper and now lousy phone service
Things in Venezuela keep finding ways to get worse. Because of acute shortages, people can't find basics like toilet paper. Now, it will be harder to make overseas calls or…
In Venezuela, no toilet paper and now lousy phone service
Things in Venezuela keep finding ways to get worse. Because of acute shortages, people can't find basics like toilet paper. Now, it will be harder to make overseas calls or…
Deaths, arrests as looting erupts in Venezuela
Venezuelan police have arrested hundreds of people as the country's food crisis erupted into deadly looting this week, heightening hardship and political uncertainty in the impoverished oil-producing nation. Dozens of…
Deepening default fears cast shadow over Venezuela’s oil flows
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…
In crisis-ridden Venezuela, electricity is also scarce
Venezuelans are accustomed to severe shortages of oil, diapers and other staple products. But those hoping to buy what they could find got a new unpleasant surprise this week. They…
Venezuela opposition on mission to oust president
Venezuela's opposition is ramping up efforts to drive President Nicolas Maduro from office this year, raising pressure on the socialist leader in a tense political crisis in the oil-rich nation.…
Venezuelan setback
The legacy of Hugo Chavez suffered a monumental setback in Venezuela last week, with parliamentary elections resulting not only in a victory for the conservative opposition, in keeping with the…
Venezuela’s loss is Africa’s gain in Latam crude game
Shrinking crude exports from Venezuela to its neighbours has allowed African oil producers to gain a foothold among Latin American buyers, according to traders and data, and sales to one…
Venezuela’s currency woes threat to US corporate profits
Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt US corporate profits for the fourth quarter of 2014 and are set…
Venezuela drug trade rings alarm bells
Hidden in a large ochre-colored container, the 1.4 tonnes of cocaine got past two dozen army checkpoints during a 500-mile journey from the Colombian border to the Venezuelan capital. The…
