Page 21 - Venezuela

Venezuela proposes new oil contract terms to sidestep US sanctions

Washington said on Monday proceeds from PDVSA's sales to companies in the United States will be frozen until a new government can take control of the accounts

Venezuela devalues currency by 35% to align it with USD on black market

However, the black market rate for the dollar was 30 times the official rate, as the government artificially overvalued the bolivar

EU to 'take further actions' if Venezuela doesn't call new polls: Mogherini

Spain, France, Germany, Portugal and the United Kingdom on Saturday also gave Maduro an ultimatum of eight days to call new elections or they would recognise Guaido as president

Venezuela has two presidents: Guaido, Maduro duel for control of country

National Assembly speaker Juan Guaido says he is president, but so does Nicolas Maduro, the authoritarian leader who the reins of power.

Venezuela creditors demand payment on defaulted $1.5 bn bond: Lawyer

The investors hold bonds with a face value of around $380 million

French, Russian firms entangled in multi-million dollar fraud in Venezuela

The case stemmed from cash-strapped PDVSA's chronic delays in paying dividends to foreign firms

Venezuela is now world's 5th largest equity market; m-cap near $3 trn mark

Despite political instability, the country's benchmark has been the best performer in the world

Why is Venezuela spiraling out of control?

Opposition violence and the government's increasing authoritarianism are both to blame

US sanctions Venezuela's Vice-President for drug trafficking

El Aissami is a former Interior and Justice Minister and Governor of the country's Aragua state

Venezuelans boggled by number of zeros on new banknotes issued by govt

President Nicolas Maduro hopes the new notes will help stabilise the crisis-wracked economy

Venezuela's oldest daily shuts over paper shortage

Founded in 1904, the paper will suspend publication from Saturday

In Venezuela, Christmas is a luxury few can afford

Buy a ham, make tamales, string up lights? Those rituals seem irrelevant to many

Venezuela reopens borders with Colombia, Brazil

Borders were sealed on Dec 12 as part Venezuela's currency reform drive, scrapping 100-bolivar notes

Venezuela's version of demonetisation delayed after protests

Venezuela govt had banned the highest denomination 100 Bolivar note but long queues and protests have made it delay the decision

Venezuela to delay demonetisation after protests

The sudden change of policy came after days of economic crisis in the South American state

Huge rush in Venezuelan banks to exchange 100-bolivar bills

The highest denomination in the local currency, will lose their value and be removed from circulation on Thursday by order of President Nicolas Maduro

Venezuela orders 100 unit banknotes out of circulation

The 100 bolivar bill is worth fewer than three cents of a dollar at current market rates

OVL to provide $318 mn financing guarantee to Venezuela

OVL, the overseas arm of state-owned ONGC, owns 40% of Venezuela's San Cristobal oilfield

Venezuelan government, opposition ready to talk to promote peace in the country

Democratic Unity Roundtable Executive Secretary Jesus Torrealba called the releases important but insufficient

What's behind Venezuela's economic and political turmoil?

Even as Opposition seeks to drive him out of office, Venezuelan President Nicolas Maduro is threatening to jail opponents