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VIDEO Toilet paper shortage in Venezuela
The government of Venezuela is trying to import 50 million rolls of toilet paper before supermarket shelves run out of stock. Some economists say that the shortage of basic goods - which also include milk, butter and coffee - is a result of the socialist government's price control policies. Mauricio Moraes ...
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Colombia enters into game of attracting Hollywood business
Colombia is the latest country to vie for production work. Hollywood may migrate south for a while while Colombia becomes the next country to bid for Hollywood production by offering incentives for filming. According to a report by Variety, a new law in the country will allow foreign shoots for film and TV investing over $500,000 in the Colombia's economy can receive cash rebates of up to 40 ...
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To tackle corruption Guyana launches website asking citizens to report bribery allegations
GEORGETOWN, Guyana - In a bid to reduce public corruption, Guyana is inviting citizens to use the Internet to report graft and bribery. Demand for bribes is widespread in Guyana. Police officers are chronically accused of shaking down motorists. Customs officers are also regularly accused of demanding cash for allowing imported goods to be released. Security Minister Clement Rohee says ...
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More than 100 Journalists Attacked in Colombia in 2012
Bogota, May 20 (PL) Attacks on journalists in Colombia reached a total of 158 in 2012, the highest figure in the last four years, according to data released by the Foundation for Press Freedom. So far this year, eight reporters have been threatened in the northern department of Valledupar. In addition, the journalist for Week magazine, Ricardo Alarcon, who is investigating the irregularities in ...
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Russia Delivers First Lada Cars to Venezuela
MOSCOW, May 20 (RIA Novosti) - Russia has delivered a first batch of 450 Lada cars to Venezuela, said Sergei Goreslavsky, head of Russian Technologies (Rostec) high-tech state corporation's international economic cooperation department. Russia's biggest automaker AvtoVAZ, which is part of Rostec, agreed a deal with Venezuela in April 2010 for construction of a Lada assembly plant ...
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Egyptian Political Leader Expresses Support for Bolivarian Venezuela
Cairo, May 20 (Prensa Latina) The leader of the Popular Egyptian Current Party (Nasserist), Hamdeen Sabahi, expressed his support for the Bolivarian Government of President Nicolas Maduro, during an interview with the Venezuelan ambassador here, Juan Antonio Hernandez. Former presidential candidate Sabahi said he was satisfied with the meeting and expressed his solidarity with the Government and ...
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REUTERS SUMMIT-Colombia pins energy hopes on shale oil discoveries
Mon May 20, 2013 12:26pm EDT * For other news from Reuters Latin America Investment Summit, click here * Oil reserves at 6.9 years, but increasing slightly * End of war with FARC would help oil industry * Foreign investment falling from record By Helen Murphy and Luis Jaime Acosta BOGOTA, May 20 (Reuters) - With Colombia's oil reserves stretching to less than seven years, its biggest ...
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Venezuela taking steps to revive diplomatic ties
CARACAS // Venezuela has made a rare diplomatic overture to the United States, suggesting it could be time for better ties. The designation of an acting head of Venezuela's diplomatic mission in the US shows the Opec nation's desire to restore full diplomatic relations, the foreign minister said on Sunday. Disputes between Caracas and Washington were common during the 14-year rule of ...
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Oil prices down ahead of key economic data
The price of oil fell today ahead of the release later this week of economic data from the US and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel on the New York Mercantile Exchange. The contract rose 86 cents to close at $96.02 a barrel on Friday. Brent crude, a benchmark for many ...
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Price of oil falls below $96 per barrel as traders await data Fed chief Bernankes speech
BANGKOK - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to close at ...
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Futures Movers Oil prices decline break away from $96
LOS ANGELES (MarketWatch) -- U.S. crude-oil futures slipped Monday, pulling back from gains in the previous session after a firmer view of the economy by consumers raised prospects for energy ...
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Colombia Primera A Wrap Tolima strike late to go top
Deportes Tolima have leapfrogged Santa Fe into first position in Colombia's Primera A with a 2-1 win over Alianza Petrolera.Charles Monsalvo scored a second-half brace for Tolima as they came from behind against lowly Alianza, moving above Santa Fe on the league table after the previous leaders were held to a 1-1 draw by Deportivo Pasto.Atletico Nacional also took advantage of Santa ...
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Venezuela Willing To Normalise Ties With U.S. FM
CARACAS, May 20 (BERNAMA- NNN-XINHUA) - Venezuela is willing to normalise diplomatic relations with the United States on the basis of mutual respect and none interference in each other's domestic affairs, Venezuelan Foreign Minister Elias Jaua said Sunday. "We will remain open to the normalisation of relations with the United States....The first thing would be to restore diplomatic ...
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Viewpoints Hugo Chavezs Death
Argentina – Buenos Aires Herald, March 7: Some cried, some cheered. Many Latin Americans mourned the death of Venezuelan President Hugo Chávez, leaders in Europe and Asia sent condolences, and Iran's president predicted great works in the afterlife. A teary-eyed Bolivian President Evo Morales, one of Chávez's closest allies and most loyal disciples, declared, ...
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Venezuela willing to normalize relations with U.S. FM
Venezuela is willing to normalize diplomatic relations with the United States on the basis of mutual respect and none interference in each other's domestic affairs, Venezuelan Foreign Minister Elias Jaua said Sunday. "We will remain open to the normalization of relations with the United States....The first thing would be to restore diplomatic delegation at the highest level," ...
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FOMC Decision Critical to Oil Prices
The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. Nine out of 13 respondents, or about 69 percent, expect prices to soften this week while two forecast gains and the remaining two are neutral on the market. ...
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Post-Chavez Venezuela makes overture to US
Venezuela's foreign minister has signalled that his country is ready to improve its diplomatic ties with the United States. "We are going to remain open to normalising relations with the United States," Foreign Minister Elias Jaua said on Televen television on Sunday. "The first thing would be to resume diplomatic representation at the highest level," he said. The ...
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