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Venezuelan economy grows over 17% in first three quarters of 2022 The Venezuelan economy grew 17.73 per cent in the first three quarters of 2022 compared to the same period in 2021, with positive growth in most sectors, the Central Bank of Venezuela said. During the first quarter of the year, the GDP expanded by 17.45 per cent at constant prices, while in the second it grew by 23.3 per cent and in the third, by 13.22 per cent, the bank said in a report on Friday. Public sector productivity grew by 20.03 per cent in the first three quarters, while priv...
Venezuelan economy grows over 17% in first three quarters of 2022
Venezuelan economy grows over 17% in first three quarters of 2022
Source: IANS
31/12/2022 10:52:09 AM
Crypto retains lure in Latin America`s inflation hotspots The "crypto winter" has shattered the money-making hopes of many small investors around the world, but in inflation-plagued Argentina, cryptocurrency converts are holding on. Inflation is expected to reach 100% this year in South America's No. 2 economy, and for many Argentine retail investors the priority is to protect the value of their savings - traditionally by buying dollars, but increasingly virtual coins. "Some people got into bitcoin because they thought they&...
Crypto retains lure in Latin America`s inflation hotspots
Crypto retains lure in Latin America`s inflation hotspots
Source: Reuters
15/12/2022 10:14:07 AM
S&P Global Commodity Insights: Asia`s appetite for African crude slows as Ukraine conflict redraws trade flows * Asia may end the year 2022 with a sharp drop in crude inflows from Africa as relatively higher freight rates, a wider Brent-Dubai spread and increased competition from European refiners looking for alternatives to Russian supplies created hurdles, a trend that is unlikely to change anytime soon, analysts told S&P Global Commodity Insights. * In addition, the plentiful availability of Russian crude at discounted prices -- shunned by many western countries -- prompted refiners in leadi...
S&P Global Commodity Insights: Asia`s appetite for African crude slows as Ukraine conflict redraws trade flows
S&P Global Commodity Insights: Asia`s appetite for African crude slows as Ukraine conflict redraws trade flows
Source: PR Agency
8/11/2022 4:16:11 PM
Iran starts refining its oil in Venezuela : Iranian Petroleum Minister Iranian Petroleum Minister Javad Owji has said that Iran has started refining its crude oil in Venezuela, state media affiliated to his Ministry reported. Iran had started processing nearly 100,000 barrels per day of its crude in Venezuela's El Palito refinery, Owji was quoted by the state media as saying on Sunday. "This was a long-standing and 43-year-old dream that was realised through the efforts of my colleagues at the National Iranian Oil Refining and Distribution Company...
Iran starts refining its oil in Venezuela : Iranian Petroleum Minister
Iran starts refining its oil in Venezuela : Iranian Petroleum Minister
Source: IANS
17/10/2022 9:51:33 AM
Colombia, Venezuela restore diplomatic ties after 3 years Colombia and Venezuela have re-established full diplomatic ties, three years after Caracas severed them over Bogota's support for opposition leader Juan Guaido. Colombian Ambassador Armando Benedetti on Sunday arrived in Caracas while Venezuela's Felix Plasencia was welcomed in Bogota on the same day,reports dpa news agency. "We are starting to work to rebuild the social and human fabric that unites us," the Colombian presidency said in a tweet with photos of Benedetti...
Colombia, Venezuela restore diplomatic ties after 3 years
Colombia, Venezuela restore diplomatic ties after 3 years
Source: IANS
29/08/2022 10:11:45 AM
Venezuela surpasses 1mn barrels of crude produced per day State-owned oil company Petroleos de Venezuela (PDVSA) exceeded one million barrels of crude produced per day at the end of 2021, double what it recorded a year ago, the country's Oil Minister Tareck El Aissami announced. This figure was reached despite the dozens of sanctions the US government has imposed on the South American country, El Aissami said in a Christmas message on Saturday. "Despite the threats of the criminal blockade of the US, here is a people standing with dig...
Venezuela surpasses 1mn barrels of crude produced per day
Venezuela surpasses 1mn barrels of crude produced per day
Source: IANS
26/12/2021 11:08:20 AM
Copa America: Neymar on target as Brazil blank Venezuela 3-0 Neymar scored a goal and provided an assist as Brazil cruised to a 3-0 win over Venezuela in their Copa America opener here. The hosts took the lead in the 23rd minute when Richarlison's angled header from a Neymar corner fell into the path of Marquinhos, who poked an improvised shot through the legs of Yohan Cumana. Venezuela, severely depleted after eight members of their squad tested positive for Covid-19, deployed a five-man defence. But Brazil added a second goal in the 64th mi...
Copa America: Neymar on target as Brazil blank Venezuela 3-0
Copa America: Neymar on target as Brazil blank Venezuela 3-0
Source: IANS
15/06/2021 12:34:54 PM
Inflation-stricken Venezuela rolls out new, larger-denomination banknotes CARACAS- Venezuela this week is rolling out larger-denomination banknotes as hyperinflation batters the crisis-stricken South American country's bolivar currency. Bills worth 200,000 and 500,000 bolivars - worth just 10 and 27 U.S. cents, respectively, at the current exchange rate - began to circulate on Monday, according to Reuters witnesses. Venezuela's central bank said this month it also planned to roll a bill worth 1 million bolivars, just 50 U.S. cents. The highest-denomin...
Inflation-stricken Venezuela rolls out new, larger-denomination banknotes
Inflation-stricken Venezuela rolls out new, larger-denomination banknotes
Source: Reuters
17/03/2021 9:22:23 AM
Venezuela to introduce 1-million-bolivar bill as inflation persists CARACAS - Venezuela's central bank said on Friday that it would introduce a banknote worth 1 million bolivars beginning next week, as years of incessant hyperinflation continue to batter the value of the crisis-stricken South American country's currency. The new banknote will be worth just 52 U.S. cents at the current official exchange rate. Interannual inflation was running at 2,665% as of January, according to the central bank. The once-prosperous OPEC nation's econom...
Venezuela to introduce 1-million-bolivar bill as inflation persists
Venezuela to introduce 1-million-bolivar bill as inflation persists
Source: Reuters
6/03/2021 4:13:28 PM
Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions NEW YORK - In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan crude. The company, Muhit Maritime FZE, is one of three ...
Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions
Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions
Source: Reuters
29/12/2020 5:23:35 PM