Venezuela

Venezuela’s oil-backed cryptocurrency raised $735m in one day, president claims

President Nicolas Maduro of Venezuela has claimed that the country's oil-backed "petro" cryptocurrency raised $735 million in the first day…

By businessamlive
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U.S. court lets Trump travel ban go partially into effect for six Muslim countries while North Korea, Venezuela waived

A U.S. appeals court in California Monday let part of President Donald Trump’s latest travel ban go into effect, ruling…

Bitcoin soon to be official currency in Venezuela

The Venezuelan government has moved to legalise the use of Bitcoin as an official currency and legal tender in the…

Citigroup calls for readiness on oil squeeze

Those in the oil market fearing a flood of OPEC supply next year will probably be better off preparing for…

OPEC talks on oil cuts extension beyond March 2018

OPEC and its allies are discussing extending the oil production cuts that expire in March 2018 by more than three…

Trump administration concerned about U.S. firms giving financial ‘lifeline’ to Venezuela

Donald Trump's administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela's government, after…

Venezuela launches fifth forex plan in four years

Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan…

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