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Corina Pons

Venezuela's Maduro travels to China in search of fresh funds

Sep 13 2018

CARACAS/BEIJING Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.

CORRECTED-UPDATE 6-Venezuela's Maduro travels to China in search of fresh funds

Sep 13 2018

CARACAS/BEIJING, Sept 13 Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.

Exclusive: Venezuela signs oil deals similar to ones rolled back under Chavez - document

Sep 10 2018

CARACAS Venezuela has agreed to hand over at least seven oil fields to little-known companies that will be paid to boost output through contracts similar to ones rolled back under late socialist leader Hugo Chavez, according to two sources and an internal document.

From Unilever to Ford, companies in Venezuela cling on by cutting products

Aug 31 2018

CARACAS/VALENCIA, Venezuela Unilever's factory in the outskirts of the northern Venezuelan city of Valencia once bustled with activity as it produced everything from soap to toothpaste for one of South America's wealthiest economies.

Venezuela cuts five zeros from currency as economic plan sows confusion

Aug 20 2018

CARACAS/VALENCIA, Venezuela Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. | Video

Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela

Aug 17 2018

CARACAS Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist government’s petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country.

Venezuela frees Chevron executives held since April

Jun 06 2018

CARACAS/HOUSTON Venezuela has released two local executives of U.S. oil major Chevron Corp jailed since mid-April during a corruption probe in the oil sector, authorities and the company said on Wednesday.

Venezuela central bank pays Citi $172 million to recover swapped gold: sources

Jun 01 2018

CARACAS Venezuela's central bank in April paid $172 million to U.S. bank Citigroup to recover part of the gold it had put up as guarantee in a swap operation, according to two sources familiar with the situation.

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