CARACAS, Dec 30 (Reuters) – Venezuela confirmed on Tuesday
it had entered a recession while inflation remained the highest
in the Americas, and President Nicolas Maduro’s socialist
government blamed political foes for the dismal data.
The Central Bank said GDP contracted in each of the first
three quarters: 4.8 percent, 4.9 percent and 2.3 percent.
Twelve-month inflation reached 63.6 percent in November.
CARACAS, Dec 30 (Reuters) – Venezuela entered a recession in
2014, with the economy shrinking in the first three quarters,
the Central Bank said on Tuesday, blaming political opponents
for the dismal figures.
In a statement, the bank said GDP contracted 4.8 percent in
the first quarter, versus the same period of last year, then it
fell a further 4.9 percent in the second quarter and shrank 2.3
percent in the third quarter.
CARACAS (Reuters) – Venezuela’s petroleum export price has plunged by half during the second half of 2014 to $48, President Nicolas Maduro said on Monday in denouncing a U.S.-led “war” against Russia and his nation in the global oil market
The South American OPEC nation’s crude trades at a discount to the U.S. and Brent benchmarks because of its higher content of heavy oil.
CARACAS (Reuters) – President Nicolas Maduro named powerful Foreign Minister Rafael Ramirez to a new post as envoy to the United Nations on Friday, saying the appointment would strengthen Venezuela’s voice on the world body’s Security Council from Jan. 1.
Venezuela’s socialist government sees its imminent two-year seat on the Security Council as a chance to raise its international profile and counteract U.S. global influence.
CARACAS (Reuters) – Even as Cuba and the United States try to bury 50 years of enmity, Venezuelan leader Nicolas Maduro has seemed to be going in the other direction, vilifying “insolent Yankees” at rallies and threatening to cut ties completely.
Fellow leftists Cuba and Venezuela are arguably the most unconditional allies in Latin America, but Cuban President Raul Castro’s move to rapprochement with the old “imperialist” enemy contrasts with Maduro’s fury at U.S. plans for sanctions against his own government.
CARACAS, Dec 8 (Reuters) – President Nicolas Maduro again
fumed against Venezuela’s poor credit rating on Monday, saying
the OPEC nation needed external financing to help it cope with
oil price declines.
The socialist government has seen bond prices plunge, loan
costs rise and market speculation of default emerge this year
amid an economic slowdown exacerbated by a declining price of
oil, which accounts for 96 percent of export revenues.
CARACAS (Reuters) – Racism in the United States appears to have worsened during the administration of its first black leader, Venezuela’s President Nicolas Maduro said on Saturday.
Maduro, who has come under fire from President Barack Obama’s government in recent weeks for his treatment of domestic political foes, said he was appalled by recent cases of police killings of blacks in the United States.
CARACAS (Reuters) – Students rise to their feet as a uniformed Venezuelan brigadier-general enters a large classroom at a Caracas military institute and proclaims: “Chavez lives!”
In unison, they reply: “The fight goes on!” before settling at their desks for an hour-long lecture punctuated with references to Venezuela’s late socialist leader Hugo Chavez, who died of cancer last year.
CARACAS (Reuters) – For a much-touted “re-launch” of Venezuela’s opposition, the turnout was poor: only a few hundred activists joined a rally led by the coalition’s new head in Caracas last month.
Despite the enthusiasm and unity shown in two ultimately unsuccessful presidential races against socialist leader Hugo Chavez in 2012 and his handpicked successor Nicolas Maduro last year, opponents are once again divided and demoralized.
CARACAS (Reuters) – A display showing mannequins of pregnant schoolgirls at a Caracas mall is shocking shoppers and stirring debate over sex education in Venezuela.
Two local charities have dressed up three mannequins behind a shop window as girls with bulging stomachs under the blue uniforms used by school children here until age 15.