CARACAS, Jan 8 (Reuters) – Venezuela’s central bank said on
Wednesday that a new $90 million currency auction will include
companies in the food and packaging industries as the government
seeks to get more dollars to importers.
Under Venezuela’s foreign exchange system known as Sicad,
the bank holds weekly auctions to sell dollars at around 12
bolivars, compared with the official rate of 6.3 bolivars.
CARACAS (Reuters) – Venezuela’s politicians are at each other’s throats after the government published a list of foreign trips enjoyed by opposition leaders during the Christmas and New Year holidays, saying it proved they don’t love their country.
President Nicolas Maduro accused opposition officials of being “right wing bosses” who complained about a crisis at home but had no problem jetting off to places like Aruba, Miami and Paris.
CARACAS, Dec 30 (Reuters) – Venezuela’s annual inflation hit
56.2 percent in 2013, the president said on Monday, but
officials said the monthly rate slowed in November and December
after the socialist government launched a campaign of forced
President Nicolas Maduro kicked off an “economic offensive”
last month after the annual inflation rate in October came in at
54.3 percent, ordering the inspection of thousands of businesses
accused of inflating prices.
CARACAS/HOUSTON, Dec 16 (Reuters) – A change to the tax
system and a currency devaluation in Venezuela boosted state oil
firm PDVSA’s first-half results, but the company cut back on
social spending after heavy election-year outlays in 2012.
Total revenue fell 5.5 percent to $59.1 billion in the first
six months of 2013 as oil prices fell and the firm exported
fewer barrels. But net income soared 518 percent to $12.9
billion, according to a PDVSA report seen by Reuters on Monday.
CARACAS (Reuters) – Venezuelan authorities took passengers off an Air France flight that was due to depart to Paris on Saturday after French officials warned of a possible bomb threat, Venezuela’s interior minister said.
The minister, Miguel Rodriguez Torres, said experts from the Venezuelan intelligence agency Sebin were examining the aircraft, which had been about to make the overnight flight to the French capital from Caracas’ Simon Bolivar international airport.
CARACAS (Reuters) – President Nicolas Maduro’s government won a majority of votes in Venezuela’s local elections on Sunday, disappointing the opposition and helping his quest to preserve the late Hugo Chavez’s socialist legacy.
With votes in from three-quarters of the nation’s 337 mayoral races, the ruling party and allies had combined 49.2 percent support, compared with the opposition coalition and its partners’ 42.7 percent, the election board said.
CARACAS (Reuters) – Venezuelans voted in municipal elections on Sunday that are the biggest political test yet for President Nicolas Maduro as he tries to halt an economic slide and preserve the socialist legacy of his late mentor, Hugo Chavez.
The outcome of ballots to choose 337 mayors and around 2,500 councilors will be seen as a sign of Maduro’s strength, nine months after Chavez died from cancer and he narrowly beat opposition leader Henrique Capriles to win the presidency.
CARACAS, Dec 8 (Reuters) – Venezuelans vote in municipal
elections on Sunday that are the biggest political test yet for
President Nicolas Maduro as he tries to halt an economic slide
and preserve the radical socialist legacy of his late mentor
The outcome of the ballots to choose 337 mayors and 2,523
councillors will be seen as a sign of Maduro’s strength, nine
months after Chavez died from cancer and he narrowly beat
opposition leader Henrique Capriles to win the presidency.
CARACAS, Dec 3 (Reuters) – Venezuelan President Nicolas
Maduro said on Tuesday he had proof that a massive power outage
was caused by saboteurs aiming to throw the country into chaos
before municipal elections this weekend.
The blackout on Monday night was the second major power
outage the year, plunging much of the country into darkness and
prompting accusations of government incompetence from the
CARACAS, Nov 30 (Reuters) – Venezuela’s government said on
Saturday it was temporarily occupying the local subsidiary of
multinational packaging company Smurfit Kappa, accusing
the company of using its dominant position in the market to
In the run-up to Dec. 8 municipal elections, President
Nicolas Maduro’s government has launched an “economic offensive”
to try to win over voters fed up with chronic shortages of basic
goods and annual inflation of 54 percent.