Monthly Archives: October 2016

Ecuador ruling party chooses Correa ally as presidential candidate

Reuters: Ecuador’s ruling party tapped a former vice president and ally of leftist President Rafael Correa as its candidate for president on Saturday in an election to be held in February. Lenin Moreno, 63, was Correa’s vice president from 2007 to 2013 and is currently a United Nations special envoy on disability and accessibility. Moreno will campaign with current Vice… Read more »

Brazil bank worker strike becomes longest since 2004

Reuters: A month-long strike by Brazilian bank workers has become the longest in 12 years, underscoring the impasse between employers and staff amid the nation’s harshest recession in eight decades. In a Tuesday statement, leaders from the Sindicato dos Bancários de São Paulo, Osasco e Região, the nation’s biggest banking industry union, said almost 10 rounds of negotiations have yielded… Read more »

Selling uniforms for food, Venezuela oil workers feel the pinch

CNBC: For decades, jobs at Venezuela’s state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for many workers. Now, in Venezuela’s asphyxiating economy, even PDVSA employees are struggling to pay for everything from food and bus rides to school fees as triple-digit inflation eats away… Read more »

Venezuela to discuss Algerian oil accord with Russia

UPI: Talks with Russian officials this week could add additional weight to an oil production agreement reached last week in Algeria, Venezuela’s president said. State-owned Petróleos de Venezuela, known also as PDVSA, said through its official Twitter account that President Nicolas Maduro aims to carry a message to Russia about cooperating on production arrangements “It is very certain that we have… Read more »

China is cutting off cash to Venezuela

      No Comments on China is cutting off cash to Venezuela

CNN: After pouring billions into Venezuela over the last decade, China is cutting off new loans to the Latin American nation. It’s a major reversal of relations between the two nations, experts say. It also comes at the worst time for Venezuela, which is spiraling into an economic and humanitarian crisis. “China is not especially interested in loaning more money to Venezuela,”… Read more »

Some gas stations in Venezuela to accept Colombian pesos, U.S. dollars

UPI: The governor of Venezuela’s Táchira state has said some drivers next week could begin to pay gas stations with Colombian pesos or U.S. dollars. Táchira Gov. José Vielma Mora said gas stations under the new currency program- aimed at Colombian drivers- will be jointly operated by Colombian companies and Venezuela’s government-owned Petroleos de Venezuela, or PDVSA, oil company. The… Read more »

Obama names U.S. ambassador to Cuba, setting up confirmation fight

REUTERS: President Barack Obama on Tuesday nominated career diplomat Jeffrey DeLaurentis to be the first U.S. ambassador to Cuba in more than five decades, setting up a fierce confirmation battle with Republicans in Congress opposed to Obama’s opening with the communist-ruled island.

Why Colombians opposed the peace deal with FARC

Al Jazeera: Just last week, western media was praising the Colombian peace agreement. Four years of negotiations in Cuba, commentators noted, had finally put an end to a 50-year conflict between the government and the left-wing rebel movement Revolutionary Armed Forces of Colombia (FARC), and involving various right-wing paramilitary groups and narco cartels that had claimed an estimated 200,000 lives,… Read more »