Venezuela

Saturday, February 9th 2013 - 09:32 UTC
Venezuela devalues currency 32% to help cut 11% of GDP fiscal gap

Venezuela devalued its currency for the fifth time in nine years as ailing President Hugo Chavez seeks to narrow a widening fiscal gap and reduce a shortage of dollars in the economy. The new exchange rate falls by 32% to 6.3 Bolivar per dollar starting Feb. 13, Finance Minister Jorge Giordani told reporters in Caracas.
Tuesday, January 29th 2013 - 05:58 UTC
Letter from Chavez calls for regional unit, supports Cuba and condemns UK on the Falklands

Vice-president Nicolas Maduro, read an eleven page letter he said was written by ailing President Hugo Chavez in which the Venezuelan leader calls for Latinamerican unit, praises Cuba’s chairmanship of CELAC group and takes time to support Argentina’s claims over the Falkland/Malvinas Islands.
Saturday, January 26th 2013 - 20:44 UTC
Mercosur/Paraguay controversy reaches EU/CELAC summit in Chile

Chile confirmed that Paraguay finally decided not to attend the EU/CELAC summit in Chile putting an end to a controversy when it emerged that several Mercosur and Unasur members insisted that the landlocked country should not be invited.
Friday, January 18th 2013 - 06:02 UTC
Venezuela wants best of relations with the US based on ‘mutual absolute respect’

Vice-president Nicolas Maduro said on Thursday that Venezuela is willing to have the ‘best possible relations’ with the US government as long as these are based on respect and equality. He added that it was President Hugo Chavez who instructed the newly named Foreign minister Elias Jaua on the issue.
Thursday, January 17th 2013 - 16:49 UTC
Uruguay poised to grow 4% this year; Argentina and Brazil, 3.4%, says World Bank

Uruguay’s economy is poised to grow 4% this year and in 2014, which is above the region’s average, according to the World Bank’s latest Global Economic Prospects issued this week. However Uruguay will be ranked twelfth in the growth ranking of Latinamerica this year but ahead of Brazil and Argentina with 3.4%.
Wednesday, January 16th 2013 - 08:54 UTC
Maduro delivers state of the nation speech and announces new Foreign minister

Venezuela President Hugo Chávez has decided to appoint Elías Jaua as the new Minister of Foreign Affairs, announced Venezuelan Vice-President Nicolás Maduro during the Tuesday session at the National Assembly when he submitted the Yearly Report for fiscal year 2012.
Wednesday, January 16th 2013 - 06:45 UTC
Cristina Fernandez has hand-written copies of Chavez political testament, says Bocaranda

Argentine president Cristina Fernandez in her recent visit to Cuba declined to see the ailing Hugo Chavez but surprised her hosts, the Castro brothers, when she revealed having received two letters from the Venezuelan leader which she considered to be his political testament.
Tuesday, January 15th 2013 - 06:53 UTC
US waiting for Venezuela situation to ‘clear up’; insists constitution must be complied

United States and other Latinamerican countries wish the situation in Venezuela ‘clears up’, said Roberta S. Jacobson Assistant Secretary of State for Western Hemisphere Affairs, currently in Spain as part of a visit that also includes the UK and Belgium.
Tuesday, January 15th 2013 - 06:51 UTC
Chavez followers and opposition plan to take streets of Caracas on the same day

Venezuela’s ruling party said on Monday that the ‘high command’ is receiving instructions from President Hugo Chavez in Havana while its grass roots leaders are organizing a massive rally next week which happens to coincide with a similar march on the same day but to protest and organized by the opposition.
Tuesday, January 15th 2013 - 02:54 UTC
Brazil insists with fresh election in Venezuela if Chavez dies, according to Reuters

According to a report from Reuters, Brazil is urging Venezuela's government to hold elections as quickly as possible if President Hugo Chavez dies, which in that case would help a smoother leadership transition in Caracas.