Venezuela | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Venezuela's opposition seeks U.S. consultations on Chevron license According to a letter sent to a senior American official last Monday, Venezuelan opposition leader Juan Guaidó requested information from the US regarding Chevron Corp.'s expanded licence application to conduct business in the South American nation. He also requested to be consulted before any US decisions were made. U.S. says no change to Venezuela sanctions policy Without "constructive efforts" from Venezuelan President Nicolás Maduro to restore democracy, the United States has no intentions to alter its sanctions regime against that country, according to Adrienne Watson, spokeswoman for the White House National Security Council, on Wednesday. Latin America’s left raises pressure on Venezuela’s Guaidó at OAS summit At a diplomatic meeting on Thursday, a group of leftist Latin American countries increased pressure on the head of the Venezuelan opposition, Juan Guaidó, despite their failure to adopt a resolution to debate his expulsion from the group. 19 of the required 24 countries—Mexico, Peru, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Antigua and Barbuda, Argentina, The Bahamas, Barbados, Belize, Bolivia, Chile, Colombia, Dominica, Granada, and Honduras—voted in favour of adding the topic to the agenda. Nicaragua voted no, Paraguay, Canada, the United States, and Guatemala abstained, while Jamaica, the Dominican Republic, Uruguay, Brazil, Costa Rica, Ecuador, Salvador, Guyana, and Haiti did not participate in the vote. Caracas Stock Market to launch alternative market for funds (follow up from next week) The opening of an alternative market for investment money was announced by Gustavo Pulido, president of the Caracas Stock Exchange, in an exclusive interview. AlAlza Inversiones, Fivenca Fondo de Capital Privado, Pivca Promotora de Inversiones y Valores, Impulsa Agronegocios, and Finagro Fondo Agropecuario will be the first five businesses to enter the Venezuelan market. It's unclear what Pulido means when he talks about an "alternative market," but it might imply that the BVC would have a system for purchasing mutual funds, which, unlike shares, are sold at the conclusion of the trading day in established capital markets. Investment funds make it easier to access capital markets and have the potential to grow the market's size over time, making their inclusion in Venezuela's underdeveloped stock market an important step. U.S. judge to set auction calendar for shares in Citgo parent According to court documents, a decision on the final auction timetable might be made shortly. Citgo Petroleum, owned by Venezuela and the seventh-largest oil refiner in the United States by capacity, may be forced to be split up. The sale of shares in Citgo's parent company was given last year's approval by U.S. District Judge Leonard P. Stark to pay Canadian miner Crystallex $970 million that was due as a result of an expropriation decision for its holdings in Venezuela. Venezuela's Maduro won't rule out early elections The 2024 presidential election in Venezuela might be moved up, according to President Nicolas Maduro, according to a tweet from his office on Friday.
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Argentina | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Economists see Argentina inflation surpassing 100% by December Argentina is expected to have the greatest inflation rate among developed nations, according to economists there, with prices expected to increase by 100% by December. Lower bond prices are predicted.
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Ethiopia |
Ethiopia peace talks delayed for logistical reasons African Union-led peace talks proposed for this weekend to try to end a two-year-old conflict in northern Ethiopia's Tigray region have been delayed for logistical reasons. Ethiopia's government and Tigray fo |
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