CARACAS Goodyear Tire & Rubber Co is halting operations in Venezuela because of dire economic conditions and U.S. sanctions, the company said on Monday, part of an exodus of foreign corporations from the country.
CARACAS Turkish President Tayyip Erdogan on Monday criticized sanctions on Venezuela during a visit to Caracas, while President Nicolas Maduro defended the country's right to export gold after U.S. sanctions last month targeted its shipments of the metal.
CARACAS, Nov 22 Preliminary data compiled by
Venezuela's central bank shows the economy shrank by 16.6
percent in 2017 compared with the year before, two sources
familiar with the matter said on Thursday, the country's
sharpest decline on record.
CARACAS A socialist commune has drawn the ire of its neighbors in a wealthy area of Caracas with an unusual response to the hyperinflation and food shortages afflicting Venezuela: turning its backyard into an urban cattle pasture. | Video
CARACAS At a luxury hotel in Venezuela's capital, a small store with amply-stocked shelves offers an array of goods ranging from fine wines to imported baby formula, in stark contrast to the crisis-stricken nation's barren supermarkets. | Video
CARACAS Venezuela's ruling Socialist Party has for weeks been seeking a dialogue process with the opposition, according to four sources involved in the effort, but the opposition remains broadly skeptical of new talks following the failure of previous rounds.
CARACAS/PUNTO FIJO, Venezuela Yusbell Arcaya used to earn more than seven times the minimum wage as a human resources analyst at a university in western Venezuela, but socialist President Nicolas Maduro's economic reforms changed all that.
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.
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.
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.