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Mayela Armas

Venezuela opposition-backed panel clears way for PDVSA bond payment

24 Apr 2019

CARACAS Venezuela's opposition-controlled National Assembly on Wednesday took a key step toward authorizing a $71 million interest payment on state-owned oil company PDVSA's 2020 bond, which is backed by shares in its crown jewel asset, U.S. refiner Citgo.

Venezuela congress to weigh 2020 PDVSA bond payment next week

19 Apr 2019

CARACAS Venezuela's opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.

Venezuela's Guaido to seek to annul $8.7 billion Conoco award

16 Apr 2019

CARACAS Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido's chief legal representative said on Tuesday.

Venezuela's Guaido to seek to annul $8.7 bln Conoco award

16 Apr 2019

CARACAS, April 16 Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido's chief legal representative said on Tuesday.

Blackouts threaten death blow to Venezuela's industrial survivors

12 Apr 2019

VALENCIA, Venezuela The latest power outage kicked off another tough week for factory owner Antonello Lorusso in the city of Valencia, once Venezuela's industrial hub. | Video

Blackouts threaten death blow to Venezuela's industrial survivors

12 Apr 2019

VALENCIA, Venezuela The latest power outage started another tough week for factory owner Antonello Lorusso in the city of Valencia, once Venezuela's industrial powerhouse. | Video

Exclusive: Venezuela removes 8 tonnes of gold from central bank - sources

09 Apr 2019

CARACAS Venezuela removed eight tonnes of gold from the central bank's vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions, a lawmaker and one government source said.

EXCLUSIVE-Venezuela removes 8 tonnes of gold from central bank -sources

09 Apr 2019

CARACAS, April 9 Venezuela removed eight tonnes of gold from the central bank's vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions, a lawmaker and one government source said.

Citigroup to sell Venezuelan gold in setback to President Maduro: sources

21 Mar 2019

CARACAS Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela's central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro's efforts to hold onto the country's fast-shrinking reserves.

Citigroup to sell Venezuelan gold in setback to President Maduro -sources

20 Mar 2019

CARACAS Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela's central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro's efforts to hold onto the country's fast-shrinking reserves.

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