Investing in Venezuela

World Briefing | The Americas: Venezuela: Radio Stations Threatened

New York Times 9 hrs ago

Diosdado Cabello, a top aide to President Hugo Chávez, said the government would revoke the licenses of 240 radio stations across the country.

[$] Total, CNPC Consider Venezuela Oil Block Bids

Wall Street Journal Jul 3

France's Total and China's CNPC will bid for two oil blocks in Venezuela, instead of one they'd previously shown interest in.

Chavez Warns of ‘War’ With Honduras If Embassy Raided

Bloomberg Jun 30

(Update1) Venezuelan President Hugo Chavez said Honduran military leaders supporting the ouster of President Manuel Zelaya should “take great care” because any assault on his country’s embassy would be a “cause for war.”

Honduran Protesters, Soldiers Clash Outside Palace After Coup

Bloomberg Jun 29

Hundreds of protesters clashed with riot police and soldiers outside Honduras’ presidential palace a day after the military arrested President Manuel Zelaya at gunpoint and put him on a plane out of the country.

Honduran President Zelaya Ousted in Coup by Military

Bloomberg Jun 28

(Update1) Honduran President Manuel Zelaya was ousted by the military today after his opponents accused him of ignoring court rulings and seeking to change the constitution through a referendum to hold onto power.

Venezuelan Bolivar Sinks to 7-Week Low as Bond Terms Disappoint

Bloomberg Jun 26

Venezuela’s bolivar plunged to a seven-week low in unregulated trading after the government said investors won’t be able to use a new $3 billion bond offering to obtain dollars until 2011.

World Briefing | The Americas: Venezuela and U.S. Are Working to Exchange Ambassadors Again

New York Times Jun 25

A State Department spokesman said it was unclear when the ambassadors would return or who they would be.

Venezuela approves PDVSA bond issue

Upstream Online Jun 24

Venezuela has approved a bond issue by state oil company PDVSA, but the company is still negotiating a $1.5 billion loan with a Japanese bank, Finance Minister Ali Rodriguez said.

Expelled ambassadors return

Upstream Online Jun 24

The US and Venezuela will soon reinstate ambassadors expelled in a diplomatic spat last year, a sign of warmer relations between President Hugo Chavez and the US.

Fabricato’s Exports to Venezuela Tumble 70%, CEO Says

Bloomberg Jun 24

(Update2) Fabricato Tejicondor SA, Colombia’s biggest textile maker, said exports to Venezuela plunged about 70 percent after President Hugo Chavez’s administration stopped selling dollars to the industry’s importers at the...

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