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  1. Business - Economy

    World misery index puts Venezuela at the top but it is actually worse

    Posted May 06th 2014, 12:42am by STEVE HANKE

    ... Steve Hanke The accepted world index has Venezuela as the most miserable place on earth but the actual situation is far worse once all factors are considered Measuring misery The recession ... to construct a ranking for 89 countries. When measured by the misery index, Venezuela holds the ignominious top spot, with an index value of 79.4. But, that index value, as of December 31, 2013, ...

    http://www.scmp.com/business/economy/article/1505375/world-misery-index-puts-venezuela-top-it-actually-worse
  2. Business - Commodities

    Months after big launches, Venezuela's three new oil tankers remain in dock

    Posted Oct 02nd 2013, 02:36pm by Reuters

    ... meanwhile other new tankers in its fleet are used for storage or shuttling oil within the country With flags and confetti, Venezuela launched three new oil tankers in the last 14 months ... a source from state oil company Petroleos de Venezuela (PDVSA), and a shipbuilder offered an array of explanations for the delays, ranging from lack of payment to manufacturing problems. ...

    http://www.scmp.com/business/commodities/article/1322814/months-after-big-launches-venezuelas-three-new-oil-tankers
  3. Business - Commodities - ENERGY

    CNPC to invest US$2b in Peru over next 10 years

    Posted May 28th 2014, 11:30am by Reuters

    ... operations in Colombia, Ecuador, Cuba, Brazil, Costa Rica and the region’s oil-producing heavyweight, Venezuela. “In Venezuela, we are negotiating with the government for new blocks there,” Gong ...

    http://www.scmp.com/business/commodities/article/1520242/cnpc-invest-us2b-peru-over-next-10-years
  4. Business - Economy

    Maduro mulls relaunching 'permuta' forex system in Venezuela

    Posted Sep 10th 2013, 10:34am by Reuters

    ... Reuters in Caracas Venezuela may relaunch its so-called “permuta” foreign exchange mechanism as it seeks to supply more dollars to local importers who are complaining about lack of access ... are evaluating it with different economic players, experts and economists,” Maduro said during a televised news conference. “The real objective... is to stabilise the exchange market. Venezuela has ...

    http://www.scmp.com/business/economy/article/1307496/maduro-mulls-relaunching-permuta-forex-system-venezuela
  5. Business - Banking & Finance

    Venezuela’s Maduro names Tovar as central bank chief

    Posted Aug 14th 2013, 11:14am by Reuters

    ... of Venezuela’s currency exchange board, CADIVI, and before that served as a vice president at the central bank. “Congratulations... we’ll keep creating a Prosperous Economy for the people,” Maduro said ... the Central University of Venezuela, specializing in customs and foreign trade. Local think-tank Ecoanalitica said his appointment was positive because he represented the more market-friendly ...

    http://www.scmp.com/business/banking-finance/article/1296609/venezuelas-maduro-names-tovar-central-bank-chief
  6. Business - Economy

    Venezuela June inflation soars to 40pc

    Posted Jul 10th 2013, 10:49am by Reuters

    ... Annualised inflation rate highest in five years Venezuela’s June inflation slowed from the previous month to 4.7 per cent, the central bank said, but the annualised rate soared to 39.6 per ... re-election, have exacerbated price pressures in Venezuela, which has suffered from high inflation for decades. Consumer prices could come under further pressure as the central bank revamps the foreign ...

    http://www.scmp.com/business/economy/article/1279406/venezuela-june-inflation-soars-40pc
  7. Business - Economy

    Venezuela to ease foreign exchange regime: source

    Posted Jun 24th 2013, 10:25am by Reuters

    ... Reuters in Caracas Venezuelan government wants to squeeze trading on the illegal black market, and to bring down street price of US dollars Venezuela will make its foreign currency system ... said. Venezuela has operated currency controls for a decade, and restricted access to dollars at the official rate of 6.3 bolivars are a major gripe for local businesses and a cause of the OPEC ...

    http://www.scmp.com/business/economy/article/1267761/venezuela-ease-foreign-exchange-regime-source
  8. Business - Economy

    S&P downgrades Venezuela’s sovereign credit rating to B

    Posted Jun 18th 2013, 10:25am by Reuters

    ... Reuters in New York Standard & Poor’s downgrade of Venezuela brings it into line with Moody’s Investors Service Standard & Poor’s downgraded Venezuela’s sovereign foreign currency ... on external liquidity as a result of (state oil company) PDVSA’s lower oil production and a more uncertain outlook for oil prices will continue to limit Venezuela’s ability to deal with growing ...

    http://www.scmp.com/business/economy/article/1263447/sp-downgrades-venezuelas-sovereign-credit-rating-b
  9. Business - China Business - INVESTMENT

    China Railway Group's project in Venezuela hits snag

    Posted Apr 11th 2013, 12:00am by Toh Han Shih

    ... railway project in Venezuela is suffering delays because the Venezuelan government is unable to pay the entire US$7.5 billion contract. When the deal was announced in August 2009, it was China's largest overseas rail construction project and the Latin American nation's largest non-oil contract. Venezuela is a major oil exporter to China, which pays for its imports partly ...

    http://www.scmp.com/business/china-business/article/1211846/china-railway-groups-project-venezuela-hits-snag
  10. Business - Comment - MONITOR

    Chavez was a clown whose policies cost a ruinous price

    Posted Mar 07th 2013, 12:00am by Tom Holland

    ... to put on Ruritanian fancy dress. Few of his compatriots found Chavez so amusing, however. Venezuela is blessed with greater proven oil reserves than Saudi Arabia. But thanks to Chavez's ... doubled. As a result, despite surging international demand, under Chavez Venezuela's oil exports collapsed by more than a third. The effect on Venezuela's economy was devastating. Loose ...

    http://www.scmp.com/business/article/1183855/chavez-was-clown-whose-policies-cost-ruinous-price

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