Sunday, 21 April 2019

Tag Archives: Venezuela

IMF to block $400 Mn worth of Venezuelan funds until ‘govt recognition’

CARACAS: The international financial body froze Venezuela’s access to its money earlier in January. The International Monetary Fund announced Wednesday it will continue to block Venezuela’s access to approximately $400 million of special drawing rights until the “issue of government recognition” is clarified. The IMF and the World Bank have stated they are ready to move ...

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Maradona fined after dedicating win to Venezuela’s Maduro

MEXICO CITY: Diego Maradona has been fined for dedicating a recent victory by his Mexican club to Venezuelan President Nicolas Maduro, Mexico’s football federation said on Monday. The Argentine great, who coaches Dorados de Sinaloa, had dedicated a 3-2 win over Tampico Madero to Maduro and Venezuela in a news ...

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Millions without water as Venezuela crisis deepens

CARACAS: Millions of Venezuelans were left without running water Monday amid a series of massive blackouts, forcing President Nicolas Maduro to announce electricity rationing and school closures as the government struggles to cope with a deepening economic crisis. Maduro announced 30 days of power rationing, after his government said it ...

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Venezuela’s interior minister says detained Guaido aide part of terrorist cell

CARACAS: Earlier in the day, a source in the Venezuelan police in Caracas told Russian news agency RIA Novosti that Venezuela’s intelligence service had detained two associates of the country’s opposition leader, Juan Guaido. Venezuelan Minister of Interior Nestor Reverol, during an appearance on state television, said that Roberto Marrero, an aide to the ...

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Juan Guaido seeks to sell out Venezuela’s oil industry: report

The “interim president” has offered to give Venezuelan oil to foreign private companies, and the US has already expressed its willingness to buy. Juan Guaido , the self-proclaimed interim president of Venezuela, proposed a draft legislation that will sell Venezuela’s oil reserves to private companies, a Reuters report says. The move would ...

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Maduro withdrew 8 tonnes of gold from Venezuela’s central bank

LONDON: Two weeks ago, the president of crisis-ridden Venezuela suggested that the Bank of England had frozen some 80 tonnes of Venezuela’s gold and expressed hope that his country would not be robbed of the gold that legally belongs to it. At least eight tonnes of gold have allegedly been taken ...

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Trump urges Venezuelan military to accept Guaido’s amnesty offer

WASHINGTON: US president Donald Trump has called on Venezuelan military to accept opposition leader Guaido’s offer of amnesty. US president Donald Trump also claimed that Washington seeks a peaceful transition of power in Venezuela, noting however that all options remain open. The US president also claimed that the Venezuelan military officers who ...

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How Venezuela turns its useless bank notes into gold

EL CALLAO: Venezuela’s most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation’s southern reaches. With the country’s economy in meltdown, an estimated 300,000 fortune hunters have descended on this mineral-rich jungle area to earn a living pulling ...

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EU powers recognise Guaido as Venezuela’s leader

CARACAS: The UK, France, Germany, Spain and other European countries have officially recognised opposition leader Juan Guaidó as interim president of Venezuela. It comes after President Nicolás Maduro defiantly rejected the EU’s Sunday deadline to call snap elections. Russia – a backer of Mr Maduro – accused EU countries of ...

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