City Caracas Financial News

15.05 / 20:53

UPS President country Inside Courts Investigations Son-in-law of top opponent of Venezuela's president pleads guilty to US money laundering charges

The son-in-law of a prominent Venezuelan opposition leader has pleaded guilty to money laundering charges for his role in a vast bribery conspiracy to siphon over a billion dollars from the state-owned oil company

17.03 / 07:13

security Election President Arma country Courts Venezuela's Maduro announces candidacy for July re-election

By Mayela Armas

15.02 / 18:09

Waves WhatsApp community country Inside rights International Venezuela orders UN office on human rights to close and its staff to leave in 3 days

Venezuela's government on Thursday ordered the local U.N. office on human rights to suspend operations and gave its staff 72 hours to leave, accusing the office of promoting opposition to the South American country. Foreign Affairs Minister Yvan Gil announced the decision at a news conference in Caracas, the capital. Gil's announcement came on the heels of the detention of human rights attorney Rocio San Miguel, which set off a wave of criticism inside and outside the South American country. Gil said the office has been used by the international community «to maintain a discourse» against Venezuela.

27.01 / 17:19

Target Matthews Election Justice Department prevention Courts US reviewing Venezuelan sanctions policy in wake of court decision - State Dept

(Reuters) — The United States is reviewing its sanctions policy against Venezuela after a court upheld a ban which prevents presidential candidate Maria Corina Machado from holding office, the State Department said on Saturday.

16.01 / 09:07

UPS Platform President Bitcoin Scandals International Venezuela kills off petro cryptocurrency

petro cryptocurrency that President Nicolas Maduro launched six years ago to sidestep US sanctions, but which never took off and became embroiled in a graft scandal. All crypto wallets held on the Patria Platform — the only website where the petro was tradeable — will be shut down on Monday, January 15, according to a message displayed on the platform's site. Any remaining petros are being converted to bolivars, the ailing local currency. The cryptocurrency was launched with great pomp and ceremony in February 2018, backed by Venezuela's vast petrol reserves, and priced at US $60 per unit.

09.01 / 16:00

markets UPS Election Trade Inside social Oil traders are flocking to sanctions-free Venezuela

gold sourced from illegal mines. The architect of much of the sanctions-busting was a former oil minister, Tareck El Aissami. Once the golden boy of the regime, he has not been heard of since March, when he said on social media that he supported a corruption inquiry which revealed that PDVSA had not been paid for more than 80% of the oil it had shipped, to the tune of $21bn.

07.12 / 00:23

Action Mobile economy President Hess show country Explainer-What is the border dispute between Venezuela and Guyana?

By Julia Symmes Cobb

04.12 / 19:25

Reuters Action Assurant President country Department Guyana will stay alert after Venezuela vote on territorial dispute -VP

CARACAS (Reuters) — Guyana will remain vigilant after a Venezuelan referendum rejected an international court's jurisdiction over a territorial dispute between the neighboring countries, Vice-President Bharrat Jagdeo said on Monday.

04.12 / 04:33

Action President country Venezuelan voters reject ICJ jurisdiction over dispute with Guyana

By Deisy Buitrago

03.12 / 23:09

Reuters Action President show country voice testing Venezuelans vote in referendum on disputed territory with Guyana

CARACAS/GEORGETOWN (Reuters) -Venezuelans are voting on Sunday in a referendum backed by President Nicolas Maduro's government over a potentially oil-rich territory that is the subject of a long-running border dispute with Guyana.

26.10 / 07:53

500 ONGC hopes to recover over $500 mln dividend as sanctions on Venezuela eased

Oil and Natural Gas Corp hopes to recover over $500 million in dividends pending since 2014 for its stake in Venezuelan projects as sanctions on the nation were eased, a source said on Thursday. The source declined to be named due to sensitivity of the matter. The Biden administration on Wednesday eased sanctions on Venezuela's oil sector after the government and opposition parties reached a deal for the 2024 election, in the most extensive rollback of Trump-era restrictions on Caracas. U.S.

23.10 / 19:31

Action country reports Venezuelan creditors say gov't-opposition deal helpful for debt restructuring

CARACAS (Reuters) — The Venezuela Creditors Committee said on Monday it is confident an orderly debt restructuring can occur, following an electoral agreement reached between the government and the opposition that led the United States to ease some sanctions in the oil sector.

22.10 / 06:29

FIVE Racing President Arma country prevention Venezuelans vote in opposition primary clouded by uncertainty

By Mayela Armas and Vivian Sequera

19.10 / 22:53

UPS JPMorgan Arma country 2020 Department Venezuela's bonds rally after US trading ban lifted

By Rodrigo Campos and Mayela Armas

18.10 / 20:09

UPS Reuters Action President country Department Exclusive-US easing Venezuela oil sanctions after election deal -official

By Matt Spetalnick

16.10 / 22:55

Provident Action President Celebrity Arma stage Department Restart of Venezuela, opposition talks could lead to US sanction relief

By Mayela Armas, Matt Spetalnick and Marianna Parraga

09.10 / 21:17

Provident FIVE Reuters Progressive Action President Department Exclusive-US, Venezuela in talks for fresh oil sanction exemptions -sources

By Vivian Sequera, Andrew Mills and Marianna Parraga

09.10 / 16:33

Provident MET Progressive President Arma country Venezuela readying return to Mexico-based talks with opposition -sources

By Marianna Parraga, Diego Oré and Mayela Armas

07.03 / 12:33

Strategy U.S. Officials Meet With Regime in Venezuela, to Discuss Oil Exports to Replace Russia’s

The Biden administration is seeking to ease oil sanctions on Venezuela as part of a broader U.S. strategy to temper oil prices that have skyrocketed because of Russia’s war in Ukraine, according to people familiar with the matter.

12.02 / 18:33

business Blockchain Adoption Bitcoin P2P payments spurred crypto adoption across Venezuela in 2021

For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible.

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