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Corina Pons

U.N., lender CAF seek $350 million loan deal for government of Venezuela's Maduro

05 Dec 2019

CARACAS Latin American lender CAF and the United Nations are seeking to provide financing to the government of Venezuelan President Nicolas Maduro to improve electricity supply in the crisis-stricken nation that is suffering chronic blackouts, the two institutions told Reuters.

Exclusive: Facing U.S. sanctions, Venezuela offers suppliers payment in Chinese yuan - sources

28 Nov 2019

CARACAS Venezuela's government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said.

U.S.-sanctioned Venezuela doubles euro supplies to banks

15 Nov 2019

CARACAS Venezuela's central bank has doubled the amount of euros in cash it provides local banks as hyperinflation and U.S. sanctions prompt a surge in use of the European currency, four sources familiar with central bank activities said.

U.S. Treasury temporarily blocks creditor seizure of refiner Citgo

25 Oct 2019

CARACAS The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders in Venezuela struggling to retain control over the U.S. refiner owned by the chaotic South American nation.

In hungry Venezuela, food producers step up exports to survive

23 Oct 2019

MARACAIBO, Venezuela, Shrimp farming is booming in this western Venezuelan city, but little of the shellfish is destined for tables in this malnourished nation.

Venezuelan Guaido's team proposed 90-day truce to PDVSA bondholders: sources

19 Oct 2019

MEXICO CITY/CARACAS Venezuela's opposition last week sent holders of state oil company PDVSA's 2020 bond a proposal to suspend legal actions for 90 days, the latest maneuver to avoid losing U.S. refiner Citgo Petroleum, three sources familiar with the talks said.

Venezuelan Guaido's team proposed 90-day truce to PDVSA bondholders -sources

18 Oct 2019

Oct 18 Venezuela's opposition last week sent holders of state oil company PDVSA's 2020 bond a proposal to suspend legal actions for 90 days, the latest maneuver to avoid losing U.S. refiner Citgo, three sources familiar with the talks said.

Maduro left Norwegian mediators in the dark about side deal: Venezuela opposition negotiator

18 Sep 2019

CARACAS Venezuelan President Nicolas Maduro did not inform Norway's foreign ministry, which is mediating a dialogue between his government and opposition leader Juan Guaido, about a side deal with a smaller sector of the opposition before it was announced earlier this week, a member of Guaido's negotiating team said on Wednesday.

Venezuelan government mulls sending lawmakers back to opposition assembly

17 Sep 2019

CARACAS Venezuela's government said on Monday it was evaluating sending some of its lawmakers back to the opposition-controlled National Assembly, which President Nicolas Maduro has called an illegal institution, as part of new talks with one opposition faction.

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