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Corina Pons

Goodyear permanently ceases Venezuela operations

Dec 10 2018

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.

Turkey's Erdogan slams Venezuela sanctions, Maduro defends gold exports

Dec 03 2018

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.

UPDATE 2-Venezuela economy shrank 16.6 pct in 2017, central bank data shows -sources

Nov 22 2018

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.

Urban ranching: A socialist commune's response to Venezuela's crisis

Nov 17 2018

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

Shopping at well-stocked Venezuelan stores? Better take dollars

Nov 02 2018

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

Venezuelan Socialists seek dialogue, opposition rebuffs

Oct 29 2018

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.

'We all earn the same': Venezuela minimum wage hike angers skilled workers

Sep 26 2018

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.

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.

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