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United States

Tibisay Romero

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.

Venezuelan streets quiet after currency devaluation

Aug 21 2018

CARACAS/VALENCIA, Venezuela Venezuela's streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by socialist President Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest.

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

With inflation soaring, Venezuela prices shed five zeros

Aug 20 2018

VALENCIA, Venezuela, Aug 20 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.

Outrage, criticism of government follow deadly Venezuelan jail fire

Mar 29 2018

VALENCIA, Venezuela Distraught relatives of some 68 people killed in a riot and fire in the cells of a Venezuelan police station demanded explanations on Thursday and rights groups and opposition politicians blamed leftist President Nicolas Maduro for overcrowding in the country's notoriously violent jails.

Sixty eight killed in Venezuelan police station riot and fire

Mar 29 2018

VALENCIA, Venezuela Rioting and a fire in the cells of a Venezuelan police station in the central city of Valencia killed 68 people on Wednesday, according to the government and witnesses. | Video

With Venezuelan hyperinflation, multinationals buck price controls

Mar 08 2018

VALENCIA, Venezuela/CARACAS When Colgate-Palmolive Co's Venezuelan unit in January raised the price of laundry detergent to keep up with inflation that hit 85 percent the month before, it drew a swift rebuke from the government of President Nicolas Maduro, which demanded a nearly 90 percent price cut.

Billionaire businessman Mendoza rules out Venezuela election run: sources

Feb 15 2018

VALENCIA, Venezuela/CARACAS Billionaire businessman Lorenzo Mendoza has ruled out challenging Venezuela's leftist President Nicolas Maduro in the upcoming election despite multiple calls for him to stand, sources from his company's workforce said on Thursday.

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