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Girish Gupta

Exclusive: In run-up to Venezuelan vote, more soldiers dissent and desert

May 19 2018

CARACAS/SAN CRISTOBAL, Venezuela Arrests for rebellion and desertion are rising sharply in Venezuela's armed forces, a mainstay of President Nicolas Maduro's Socialist government, amid discontent within the ranks at food shortages and dwindling salaries, according to documents and interviews with army personnel. | Video

Venezuela annual inflation at more than 4,000 percent: National Assembly

Feb 07 2018

CARACAS Prices in Venezuela rose 4,068 percent in the 12 months to the end of January, according to estimates by the country's opposition-led National Assembly, broadly in line with independent economists' figures.

EU confirms new sanctions on seven senior Venezuela officials

Jan 22 2018

BRUSSELS/CARACAS The European Union on Monday announced new sanctions on seven senior Venezuelan officials, saying this was an expression of the bloc's concern with the political crisis under President Nicolas Maduro.

U.S. warns investors over Venezuela's 'petro' cryptocurrency

Jan 16 2018

WASHINGTON/CARACAS The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the soon-to-be-launched token.

Advisers urge deep discount in Venezuelan cryptocurrency offering

Jan 16 2018

CARACAS, Jan 16 Advisers to the Venezuelan government are recommending it sell $2.3 billion of its new cryptocurrency, the petro, in a private offering at a discount of up to 60 percent, according to a document reviewed by Reuters.

Maduro says Venezuela will issue $5.9 billion in oil-backed cryptocurrency

Jan 05 2018

CARACAS President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want to purchase the "petro" at a time when the OPEC member is going through a deep economic crisis and its leftist government has little credibility.

Venezuelans protest over pork shortage, Maduro blames Portugal

Dec 29 2017

CARACAS Hundreds of Venezuelans took to the streets in poor parts of Caracas overnight to protest a shortage of pork for traditional Christmas meals in the latest symptom of social discontent during a brutal economic crisis. | Video

Venezuela oil-backed cryptocurrency to launch in days -government

Dec 28 2017

CARACAS Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday.

Venezuela oil-backed cryptocurrency to launch in days -government

Dec 28 2017

CARACAS, Dec 28 Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday.

Venezuela money supply up 14 percent in one week, fastest rise on record

Dec 01 2017

Venezuela's money supply rose a whopping 14 percent in just one week last month, its steepest rise since records began in 1940, according to central bank figures released Friday.

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