With Venezuela holding back on releasing $3.8 billion in airline-ticket revenue because of strict currency controls, Delta, American and other airlines have slashed service to Venezuela by half since January.
Venezuela's shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former President Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout.
Oportuna inyección para las ventas globales de JAC Motors tras la
asistencia del presidente chino Xi Jinping a la ceremonia de clausura de
la 13.a Cumbre anual China-Venezuela, el 21 de julio de 2014.
JAC Automobile (Hong...
A drop in the value of heavy-oil assets makes it a bad time to sell Citgo, a refinery and pipelines operator in the United States. But Venezuela needs the $15 billion that a sale could raise, notes Christopher Swann of Reuters Breakingviews.