Venezuela Financial News

26.01 / 11:37

Reuters Death community President reports Videos Vaccines Brazil Indigenous group's crisis persists after 308 deaths in 2023, report says

By Anthony Boadle

25.01 / 18:41

markets COST UPS Election country reports Courts Six business jets on way to Adani Group

₹300 crore to buy all six aircraft," said a top executive at a private jet operator company on the condition of anonymity. “The plane can fly to any part of the country and can also land on difficult runways under difficult conditions. So, it is an apt aircraft for domestic usage." The executive added that if the company had decided to buy new airplanes, six new Pilatus PC-24 would have cumulatively cost around ₹450 crore.

23.01 / 13:01

BLOCK Opinion country travelers Courts Coal scam: Delhi court allows Naveen Jindal to travel abroad from Feb 1-20

court on Tuesday allowed Congress leader and industrialist Naveen Jindal, accused in three cases related to alleged irregularities in the allocation of coal blocks, to travel to several countries, including the US, UK, Italy and Spain, from February 1 to 20. Special Judge Arun Bhardwaj allowed Jindal's application, noting he had travelled abroad several times in the past and returned to India to face trial within the stipulated period.

22.01 / 15:27

coinbase GAO Coinbase’s CLO Criticizes U.S. GAO for Lack of Analysis on Crypto Sanctions Risk

Coinbase‘s chief legal officer Paul Grewal has criticized the United States Government Accountability Office (GAO) following its recent report describing crypto as a tool for foreign entities to evade sanctions.

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.

13.01 / 14:13

Platform Trade Petro country 2020 reports Venezuela’s Petro Cryptocurrency to Cease Operations on Jan 15

Venezuela’s national cryptocurrency, the Petro (PTR), is set to cease operations on January 15.

10.01 / 12:45

UPS SUN Trade country International Xi Jinping elevates China’s ties with record number of nations to counter US

Xi Jinping upgraded diplomatic ties with a record number of countries last year as he seeks to rally the Global South to help reshape the US-led world order. Beijing elevated the way it described ties with 17 countries and territories, most of them from the developing world, according to a Bloomberg analysis of statements issued by the foreign ministry. That’s a pace not seen during Xi’s first decade in office.

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.

05.01 / 17:14

UPS Food hospital Courts Relationships International 'Fat Leonard' seeks new attorneys ahead of sentencing in Navy bribery case, causing another delay

Convicted Malaysian defense contractor Leonard Francis who led a daring escape weeks before he was scheduled to be sentenced in 2022 is seeking new defense attorneys now that he is back in U.S. custody after the Venezuelan prisoner swap last month

04.01 / 00:51

security country reports Venezuela to supply oil to OVL in lieu of $600 million dividend

NEW DELHI : ONGC Videsh will get oil supplies from Venezuela in lieu of dividend worth $600 million for its 40% stake in the San Cristobal field, said Pankaj Jain, secretary, union ministry of petroleum and natural gas. Jain told reporters that OVL is waiting for the final dates to lift the cargo. Mint on Wednesday reported that OVL is in talks with its Venezuelan partner to secure oil cargoes in lieu of unpaid dividends totalling $600 million.

03.01 / 20:32

Manufacturing Gap Election pandemic country politician Hardship has driven people to risk illegal immigration

The Darien Gap, a 106km expanse of dense and dangerous jungle that straddles Panama and Colombia, has become the unlikely route for migrants seeking to get into the US illegally from Latin and Central America. Few roads to El Dorado could be more challenging. Last year, a New York Times reporter Julie Turkewitz and a photographer undertook the journey for a week.

03.01 / 12:27

UPS Remark country reports ‘No discussion on fuel price cuts’: Amid Red Sea attacks, Hardeep Singh Puri says rates won't be affected unless...

Business Today. According to the report, Puri said there's no proposal to cut fuel prices. He rubbished several media reports on "cut in the prices of petrol, diesel" as “speculative", it added.

03.01 / 09:51

COST Election country social reports Fuel price cut: Held no discussions with OMCs on petrol & diesel price cut, says Oil Minister Puri

OMCs) have not been in talks with the Centre on possible fuel price cuts, Oil Minister Hardeep Singh Puri said on Wednesday. “First of all, all these media reports were not only speculative, but I would also turn around and say, slightly mischievous. I have clarified there has been no discussion with OMCs on any such issues. We are in a very highly turbulent situation.

03.01 / 03:43

Booking Citizens economy Bill President country Brazil's economy improves during President Lula's first year back, but a political divide remains

Brazilian President Luiz Inácio Lula da Silva likes to boast he had a good first year after returning to the job

03.01 / 03:28

Aware Entertainment Enterprise country Latin recommendations Updates Sensex Today | Share Market Live Updates: India stocks seen subdued; GIFT Nifty down, Asia declines

here.ONGC Videsh Ltd (OVL) is in talks with its Venezuelan partner to secure oil cargoes in lieu of unpaid dividends totalling $600 million, two people aware of the development said. This follows the US easing sanctions on Venezuela, where India’s overseas explorer has partnered state-owned Petróleos de Venezuela SA (PdVSA) for the San Cristobal project.Any oil flowing in from Venezuela holds significance for India, the world’s third largest oil buyer that once counted the Latin American country among its largest oil suppliers.A spokesperson for OVL confirmed in response to a query that the San Cristobal project owes dividends of around $600 million to the company.

03.01 / 00:34

Strategy country reports No cash? No problem. OVL eyes oil from Venezuela instead

Indian Oil Corp. Ltd and Oil India Ltd own 3.5% each, with PdVSA and Spanish energy major Repsol holding 71% and 11%, respectively.

30.12 / 05:57

Action Experts country travelers Why Oil Prices Never Surged to $100 This Year

Travelers, truckers and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year. A year ago, Wall Street analysts were predicting the international benchmark for oil prices would surge from around $85 a barrel to well over $100 in 2023.

27.12 / 09:48

FIVE Citizens President country reports travelers Department How Snatching American Citizens Turned Into a Tool of Hostile Governments

The problem was staring up from a deck of cards, handed from one presidency to the next. As the Trump administration exited the White House, its national security team left behind some 30 baseball-style cards for the incoming Biden staff, monuments to an ancient practice that had somehow become a grave 21st-century challenge. Each bore the photo of an American held hostage abroad.

26.12 / 17:26

Citi Waves Southern President show Latin reports week Antony Blinken to reach Mexico before 15,000 migrants crash US border this week. Mexican President has put this condition

migrants and Secretary of State Antony Blinken prepares for a state visit to Mexico, a fresh wave of up to 15,000 migrants is set to crash into the already flooded US southern border of Mexico. A caravan of nearly 8,000 asylum-seekers began its march through Mexico to the border days before Blinken’s meeting with Mexican President Andres Lopez Manuel Obrador to discuss the illegal immigration crisis. They are mostly from Cuba, Haiti and Honduras.

24.12 / 03:27

Provident FIVE Tapestry love Celebrity Merry Christmas 2023: 5 intriguing traditions from around the world

Christmas reflects a diverse tapestry of traditions worldwide, where each culture adds its unique and occasionally eccentric customs to the festive celebration. Christmas is observed on December 25th, and serves as a commemoration of the birth of Jesus Christ. While the Bible doesn't specify the exact date of Jesus' birth, early Christians opted for December 25th to coincide with pagan winter solstice celebrations.

15.12 / 08:55

country India will renew oil purchases from Venezuela: Oil minister Hardeep Puri

crude oil purchases from Venezuela as the South American nation no longer faces sanctions from the US, oil minister Hardeep Puri said on Friday. “We have always bought stuff from Venezuela. It was when Venezuela came under sanction that they were not able to supply.

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