News Venezuela Business: Dollar scarcity in Venezuela forces small firms to raise prices, turn to crypto
In central Venezuela, the owner of a mid-size pharmaceutical factory scrambles to obtain dollars to import chemicals and other ingredients for his headache and fever remedies. But he, like many other Venezuelan business owners, is frequently unsuccessful. The hurdles include an official system for allocating U.S. currency that disfavors small and medium companies and an ongoing shortage of dollars, despite government promises of improvement.
News Venezuela Business: Alejandro Betancourt Lopez emerges as central deal broker for US energy investment in Venezuela
The coverage marks a significant public profile moment for Betancourt Lopez, whose name has become synonymous with Venezuela's energy revival and whose operational expertise is now being put to work ...
News Venezuela Business: U.S. Gives Chevron Three-Month Extension to Stay in Venezuela
Venezuela represents a tiny fraction of Chevron’s international operations, although it could be an important part of the company’s business if and when the political turmoil in Venezuela subsides ...
News Venezuela Business: Chevron Wins 90-Day Venezuela Waiver Despite Agency Opposition
(Bloomberg) -- Chevron Corp. and four oil services companies won a last-minute U.S. government reprieve to continue producing oil in Venezuela, albeit only for a 90-day period.The U.S. Treasury Department supported Chevron’s request to extend its sanctions waiver by six months, but the majority of other
News Venezuela Business: Trump says Russia told the U.S. "most of their people" have left Venezuela
Now he owns three homes and multiple business adding up to a billion-dollar fortune The president's assertion — if true — would represent a significant development in the political showdown in ...
News Venezuela Business: Citgo Gets U.S. Subpoena Related to Venezuela Bribery Probe
The subpoena was handed down on May 14, two weeks before Jose Manuel Gonzalez Testino pleaded guilty to paying bribes to win business from Venezuela’s state-owned oil company, according to people ...
News Venezuela Business: Canada’s strong ties with Cuba could be the key to solving the crisis in Venezuela
In April, Venezuela produced only 768,000 barrels per day ... government passed the Foreign Extraterritorial Measures Act to protect Canadians doing business in Cuba. Following Trump’s announcement in ...
News Venezuela Business: Major steps taken for regime change in Venezuela
The International Monetary Fund estimates Venezuela’s 2019 hyperinflation will hit 10 million ... Former Trump and Bush 43 State Official Christian Whiton told FOX Business’ Trish Regan that these ...
