Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuela’s authoritarian socialist government is cracking down on the use of black market dollars as it ...

Economist Pedro Palma said Venezuela's inflation rate could be between 180% and 200%. He warned that people will cut spending ...

MARACAIBO, Venezuela (AP ... currency in the official market in the face of growing demand, and those who couldn’t get foreign currency began to move to the black market, a very small ...

This differential has narrowed in the last year as there is a tighter market for heavy crudes, which Venezuela produces. First, the handful of American and European companies with licenses from ...

The new rate is still dwarfed by the black market rate for greenbacks, currently at 228,000 bolivars per dollar according to website DolarToday Venezuela’s central bank announced a devaluation ...

“Before the Chevron license, Venezuela sold all its oil on the black market, pocketing every dollar. With the license, most of the oil revenue [from joint ventures with Chevron] went to pay off ...

A federal court order prevents the Trump administration from ending Temporary Protected Status (TPS) for people from Venezuela ... Immigration crackdown: TPS ruling spares Venezuelans, Florida's ...

(MENAFN- The Rio Times) The Trump administration revoked licenses and waivers on Saturday, barring Western energy firms from operating in Venezuela, sources close to the matter revealed.