360° Coverage : Analysis: Black market surge presages Venezuela devaluation

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Analysis: Black market surge presages Venezuela devaluation

Source: Reuters Mobile, Nov 21 2012, 7:43am CST

Called by a host of nicknames to evade Venezuela's strict currency controls, U.S. dollars are in such hot demand that the black market price has soared to nearly four times the local bolivar money's official fixed rate. Added ...

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Update
10

4 hours ago

The Egg Without Salt: Maduro Struggles to Govern Venezuela

Source: The Atlantic  |   May 23 2013, 3:03pm CDT

"We don't need jokes, or songs, or dancing politicians. We've had fourteen years of that and look where it got us." Venezuela's President Nicolas Maduro greets supporters during a May Day rally in Caracas May 1, 2013. (Carlos Garcia Rawlins/R ...

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Update
9

5 hours ago

Venezuela's PdVSA to Receive $1.5 Billion Loan From Rosneft for Oil Joint Venture

Source: FOX Business  |   May 23 2013, 2:51pm CDT

State-energy monopoly Petroleos de Venezuela, or PdVSA, and Russian oil company Rosneft (ROSN.RS) signed deals Thursday to boost production at a new joint venture in the South American country's vast Orinoco heavy oil belt. Russia wil ...

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Update
8

26 weeks ago


Quote:
"Never, ever before had we seen a drought like this."


Source: Reuters Mobile

 

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7

5 hours ago

Maduro's confused signals bode ill for Venezuela's recovery

Source: United Press International  |   May 23 2013, 2:27pm CDT

Venezuelan President Nicolas Maduro is grappling with embarrassing shortages of consumer goods, in some cases rated to be worse than under Hugo Chavez. CARACAS, Venezuela, May 23 (UPI) -- Venezuelan President Nicolas Maduro is grappling with embarras ...

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6

7 hours ago

Venezuela's Petrovictoria to pump 120,000 bpd in 2016 -PDVSA

Source: Reuters  |   May 23 2013, 12:44pm CDT

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse li ...

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Update
5

8 hours ago

Fitch: Bolivar Devaluation Continues to Pressure U.S. Companies

Source: Business Wire  |   May 23 2013, 11:28am CDT

NEW YORK--(BUSINESS WIRE)--Venezuela's currency devaluation dented first-quarter earnings per share (EPS) and net profits for U.S. companies with operations or doing business within this market and Fitch Ratings believes pressure on the bolivar ...

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Update
4

9 hours ago

Explaining Chavista Successes as well as the Danger Spots in Post-Chávez Venezuela

Source: Venezuela Analysis  |   May 23 2013, 10:17am CDT

This article was originally published in the Spring 2013 issue of NACLA: Report on the Americas (Vol 46, No. 1) Many accounts of recent Venezuelan developments imply or state explicitly that with Hugo Chávez out of the picture, Venezuela wil ...

Continue reading on: Venezuela Analysis  More like this

 
Update
3

9 hours ago

REUTERS SUMMIT-Venezuela business group sees dire economy in 2013

Source: CNBC  |   May 23 2013, 10:05am CDT

* Fedecamaras' head says lack of hard currency crimps growth * Sees most companies' 2013 billing falling at least 40 pct * Maduro's slim election victory shows need for dialogue CARACAS, May 23 (Reuters) - Venezuela is slip ...

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Update
2

14 hours ago

Venezuela’s National Nightmare is Over

Source: Outside the Beltway  |   May 23 2013, 5:46am CDT

Venezuela’s National Assembly has backed plans to import 39 million rolls of toilet paper, in an effort to relieve a chronic shortage. Lawmakers voted to approve a $79m credit for the country’s ministry of co ...

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Update
1

22 hours ago

Venezuela’s Maduro Calls for Reactivation of the Great Patriotic Pole

Source: Venezuela Analysis  |   May 22 2013, 9:53pm CDT

Merida, May 22nd 2013 (Venezuelanalysis.com) – Venezuelan President Nicolas Maduro put out a call this morning to reactivate the national party and movement coalition, the Great Patriotic Pole (GPP). His call comes ...

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