Venezuela accuses US of 'political and financial lynching’
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuela said yestersday it was the victim of a “political and financial lynching” after the United States tightened sanctions on Caracas over Nicolas Maduro's...

International outcry grows over Venezuela vote
Jamaica Gleaner

A growing rostor of nations on Monday decried Venezuela's presidential election as a farce, with the United States leading the charge in announcing new financial restrictions aimed at further isolating President...

Economic crisis cuts swathe through Venezuela society
Jamaica Observer

MARACAIBO, Venezuela (AFP) — On an avenue in Maracaibo, the once-thriving heart of Venezuela's oil industry, the buses no longer run. Instead, people squeeze onto a dinky tourist train to take them home.Maracaibo's...

Kellogg ditches crisis-wracked Venezuela
Jamaica Gleaner

Kellogg Company closed operations in Venezuela and laid off 300 workers Tuesday at a time of widespread hunger in the crisis-wracked South American nation.The Battle Creek, Michigan-based company said in a statement that...

How once-mighty Venezuelan economy collapsed
Jamaica Observer

CARACAS, Venezuela (AFP) — How did Venezuela, once Latin America's richest country, sink into ruin? As the country faces a presidential election Sunday, here are four key elements in the unravelling of its...

Russian bank helps Venezuela defy US cryptocurrency sanctions
Jamaica Gleaner

Investors looking to buy Venezuela's new cryptocurrency may want to head to a little-known Moscow bank whose biggest shareholders are President Nicolas Maduro's government and two state-controlled Russian companies under...

Court okays Conoco seizing Venezuelan oil assets
Jamaica Gleaner

A court on the Dutch island of Curacoa has authorised the local subsidiary of United States oil giant ConocoPhillips to seize US$636 million worth of assets held on the island by Venezuela's state oil company, PDVSA.The...

Guyana can become like Venezuela
Kaieteur News

Venezuela’s problems can become ours. Not in the sense that the problems can leak across our borders, but in the sense that Guyana, now on the verge of becoming an oil economy, can be a victim of the same economic...

US to push to isolate Venezuela until Maduro leaves power
Jamaica Observer

WASHINGTON, United States (AFP) — The United States on Tuesday vowed to push to isolate Venezuela until its President Nicolas Maduro leaves power, urging allies to follow suit.“I think we have to continue to...

Venezuela inflation hits 13,779% — lawmakers
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuela's dizzying inflation rose to 13,779 per cent in the past year, a study released Monday by the Opposition-dominated National Assembly has found.The figure confirmed other estimates...

Petrojam unaffected by ConocoPhillips move against PDVSA assets
Jamaica Gleaner

Petrojam unaffected by ConocoPhillips' move against PDVSA assetsAmerican energy giant ConocoPhillips' efforts to go after US$2 billion in oil assets owned by Venezuela in the Caribbean is not expected to affect Jamaica's...

Sod turned for $70m agri park
Trinidad Guardian

After a four-month delay, construction has finally started on a $70 million Agro-Processing and Light Industrial Park in Moruga geared at revitalising the agricultural sector. However, farmers say unless the severe labour...

Oil prices cross US$70
Trinidad Guardian

DALLAS (AP)—US oil prices crashed through the US$70-a-barrel mark for the first time since late 2014, foreshadowing costlier gasoline and consumer goods. It’s not clear that pricey crude will slow down the...

ConocoPhillips moves to take - key Venezuelan oil operations
Jamaica Gleaner

United States oil giant ConocoPhillips is pressing for control of Venezuela's key offshore operations in the Caribbean, seeking to recoup US$2 billion from a decade-old dispute with the nation struggling to feed its...

IMF censures Venezuela over economic data gaps
Jamaica Observer

WASHINGTON, United States (AFP) — The International Monetary Fund on Wednesday censured Venezuela for failing to provide key economic data in a process that eventually could result in the Latin American nation's...

IMF to Venezuela: Show us your financials
Jamaica Gleaner

IMF to Venezuela: Showus your financialsThe International Monetary Fund, censured Venezuela on Wednesday for failing to share updated figures on its troubled economy.The action carried no immediate penalties, but it could...

Maduro raises minimum wage again as Venezuela battles hyperinflation
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuela’s President Nicolas Maduro announced Monday he was almost doubling the minimum wage in an effort to tackle the crisis- wracked Latin American country’s runaway...

Venezuela presidential aspirant vows $75/month minimum wage
Nation News

CARACAS – Presidential candidate Henri Falcon pledged on Tuesday to raise Venezuela’s minimum wage to $75 per month in a newly-dollarised economy should he beat the ruling socialists in a May 20 vote....

Venezuela presidential aspirant vows $75/month minimum wage
Dominica Vibes

(Reuters) Presidential candidate Henri Falcon pledged on Tuesday to raise Venezuela’s minimum wage to $75 per month in a newly-dollarized economy should he beat the ruling socialists in a May 20 vote. Falcon...

ConocoPhillips wins US$2b arbitration against Venezuela
Jamaica Gleaner

ConocoPhillips wins US$2b arbitration against VenezuelaConocoPhillips said on Wednesday that it won a US$2-billion arbitration award against Venezuela's state oil company, compounding the financial woes of the...

Venezuelan leader pays visit to new Cuban
Jamaica Observer

HAVANA, Cuba (AFP)— Venezuelan President Nicolas Maduro arrived in Havana Friday to meet with Cuba's new president and ratify his struggling nation's ties with one of its few remaining allies.He acted quickly —...

Venezuela's collapse one of the worst in modern history — IMF
Jamaica Observer

WASHINGTON, United States (AFP) — Venezuela's economic collapse ranks as one of the worst in modern history, an International Monetary Fund (IMF) official said on Friday.With an expected contraction of 15 per cent...

UN concerned over deportation of Venezuelans by Trinidad
Dominica News Online

The United Nations System in Trinidad and Tobago is concerned after authorities in Trinidad and Tobago announced they had facilitated the return to Venezuela of scores of Venezuelan citizens, including asylum seekers, who...

US says Venezuela's Maduro 'lacks legitimacy' to borrow
Jamaica Observer

WASHINGTON, United States (AFP) — Venezuela is facing a worsening humanitarian crisis but US Treasury Secretary Steven Mnuchin yesterday urged other governments to continue to restrict the country's access to...

Progress in talks with BP
Trinidad Guardian

Government and officials of BP have identified and discussed outstanding issues and exchanged proposals for resolution. This was confirmed in a statement from the Office of the Prime Minister after a T&T team led by...

La Rocque: CSME a ‘work in progress’
Trinidad Guardian

Caricom Secretary General, Irwin La Rocque says while the Caricom Single Market and Economy (CSME) continues to be a work in progress, it is sufficiently advanced to be used more effectively by the regional private...

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