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Mayela Armas

UPDATE 1-Cash-strapped Venezuela seeks deal with bondholders despite sanctions

Sep 15 2020

CARACAS, Sept 15 Venezuela's finance minister on Tuesday offered to speak with bondholders about a potential renegotiation of the cash-strapped country's debt, which economists and financial industry sources said would face challenges due to U.S. sanctions.

EU says 'time is too short' to send observers for Venezuela's December vote

Sep 11 2020

CARACAS/BRUSSELS The European Union has received an invitation to observe parliamentary elections in Venezuela in December, but President Nicolas Maduro's authoritarian government so far has not met "minimum conditions" to allow it to do so, an EU spokeswoman said on Friday.

Venezuela opposition must stop pretending to be government, Capriles says

Sep 02 2020

CARACAS Venezuela's opposition must stop "playing at government" and start focusing on elections, two-time presidential candidate Henrique Capriles said on Wednesday, in a rare public swipe at congress chief Juan Guaido's parallel presidency.

Exclusive: Venezuela wins grace period on China oil-for-loan deals, sources say

Aug 12 2020

CARACAS Venezuela's government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that are paid off with oil shipments, according to three sources in Caracas with knowledge of the situation.

Priced out of services, Venezuelans turn creative for water and gas

Aug 11 2020

CARACAS Venezuelans are steadily losing access to cheap basic services from water to cooking gas that have helped them survive economic crisis, forcing many to find creative solutions and adding pressure during the coronavirus quarantine. | Video

Venezuela's 'shadow opposition' scrambles to find candidates for election

Jul 28 2020

CARACAS/PUERTO ORDAZ When a Venezuelan political party asked union leader Henry Arias to run for congress on a platform opposing President Nicolas Maduro, Arias quickly responded that the party in question didn't actually represent the opposition - and turned them down.

Venezuela's rival presidents prepare to battle over gold in London vaults

Jun 19 2020

LONDON/CARACAS In the vaults beneath the Bank of England, where foreign nations stash parts of their vast gold reserves, lie 1.7 billion euros ($1.9 billion) of disputed gold bars. Two parties claim access to them.

UPDATE 1-Venezuela orders banks to sell dollars from fuel sales to forex market

Jun 18 2020

CARACAS, June 18 Venezuela's central bank has ordered local banks to sell dollars received through gasoline sales to the government's foreign-exchange system to boost supply of hard currency to the cash-strapped economy, three sources familiar with the requests said.

Venezuela orders banks to sell dollars from fuel sales to forex market

Jun 18 2020

CARACAS, June 18 Venezuela's central bank has ordered local banks to sell dollars received through gasoline sales to the government's foreign-exchange system to boost supply of hard currency to the cash-strapped economy, three sources familiar with the requests said.

Fuel-short Venezuelans turn to two wheels in boom for bike mechanics

Jun 02 2020

CARACAS With fuel for decades the cheapest in the world and gas-guzzling vehicles a sign of status, few Venezuelans could be bothered to jump on a bicycle.

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