Collin Writesel

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Venezuela releases US-run oil ship

Venezuela has released a US-operated oil exploration ship and all 36 crew members, its Malaysian owners said Tuesday, five days after it was detained in disputed waters off its coast.<p>SapuraKencara Petroleum said in a statement the vessel it had contracted out to Texas-based Anadarko Petroleum which …

Associated Press News

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Miami Herald journalist Jim Wyss released by Venezuelan authorities

An American reporter who had been held by Venezuelan authorities since Thursday was released on Saturday, according to the Miami Herald.<p>The Herald reported on its website that Jim Wyss was released from a detention facility in Caracas and handed over to US embassy officials. The newspaper's …

TV host Miss Venezuela takes home the Miss Universe crown

Beaming in a shimmery white gown, Miss Venezuela Gabriela Isler accepted the Miss Universe crown Saturday night at Moscow’s Crocus City Hall. The 25-year-old TV presenter is the seventh Venezuelan to hold the title of Miss Universe.<p>Isler, a trained flamenco dancer, was stunned: She didn’t realize …

Olivia Culpo

Venezuela food shortages: 'No one can explain why a rich country has no food'

It's the rainy season in Venezuela and Pedro Rodríguez has had to battle upturned manhole lids, flooded avenues and infernal traffic jams in his quest for sugar, oil and milk in Caracas.<p>His daily battle to find food is not new, but it's getting worse. "There is something about finally having enough …

Venezuela isn’t telling the truth about its oil industry

It appears Venezuela isn’t pumping out nearly as much oil as it claims.<p>According to the latest monthly report (pdf) released by the Organization of the Oil Exporting Countries (OPEC), Venezuela’s state-owned oil company Petróleos de Venezuela S.A. (PDVSA) is making a habit of reporting production …

Oil

Venezuela: A different kind of newspaper crisis

A man reads a newspaper that headlines US President Barack Obama’s reelection on November 7, 2012 in Caracas (Photo: Juan Barreto/Getty)<p>In contrast …

Why it's almost impossible to buy a new car in oil-rich Venezuela

Venezuela, where it only costs a couple of bucks to fill up your tank, would seem like a great place to buy new car. That's if you can find a new car. They're in very short supply.<p>"Cars are so scarce, they appreciate the minute you buy them and put them on the street -- almost 30-35 percent," says …

Venezuela gets new economy head as government veers between pragmatism and radicalism | Financial Times

Print this page<p>Cheer or cry? That’s the question some will be asking after Venezuela President Nicolás Maduro removed his pragmatic finance minister …

Why the Markets Are Betting Against Venezuela

If we are to believe the bond markets, Venezuela is . It is riskier , riskier , and only slightly less risky than U.S. commonwealth of Puerto Rico.<p>In …

Buying Into a Bubble: The Black Market Dollar in Venezuela

Asset bubbles are as old as the market. They can have different origins and historical specifics, but the core dynamic is relatively simple: People buy something because its price is going up and they believe it will rise more. This pushes the price up further, and convinces more people to buy for …

Venezuela troops seize shops over high prices

Venezuelan soldiers have been sent into a chain of electronics stores in a campaign by President Nicolas Maduro's socialist government to stop an "economic war" of what it says are unjustified spiralling prices.<p>Authorities on Saturday arrested managers of the Daka chain, sent troops to occupy its …

The billion-dollar fraud

WHEN it comes to corruption, Venezuela has long languished near the bottom of the international league table. According to the latest index of …

Corruption

Outlook, Office, Skype, Bing, Breaking News, and Latest Videos

Join Rewards and earn points when you explore and search on MSN.<p>See your recent documents, or start one for free with Office Online.<p>Sign in to your …

Water Costs More Than Gas In Venezuela

In the capital city of Venezuela, a gallon of potable water costs a little less than one dollar, or roughly twice as much as a gallon of gasoline.<p>Fox News reports on the water market in Caracas:<p>Wary of the highly polluted lake that supplies their tap water, people in Caracas are paying the …

First toilet paper, now Venezuela is running out of newsprint

Jose Luis Farrera sells newspapers in Maturín, in Venezuela’s oil heartland. But he says lately, he can’t get enough papers to supply his customers.<p>"We used to sell about 200 papers a day,” he says. “Now, it’s down to about 80.”<p>The problem isn’t a lack of interest; it’s a shortage of …

So, Venezuela Has a Toilet-Paper Shortage (Don't Laugh—Seriously)

Okay, I guess you can laugh. At socialism.<p>(Reuters)<p>Remember when you first learned what socialism was and somebody explained that it was nice in theory, but bad in practice? Here's the sort of thing they were talking about.<p>Venezuela is now suffering from a government-induced toilet paper shortage. …

Venezuela: ‘optimise’ every dollar | Financial Times

Print this page<p>Venezuela keeps fidgeting with its tight foreign exchange controls. Earlier this week President Nicolás Maduro announced the …

Venezuela 'Occupies' An Electronics Chain To Offer Lower Prices

First he re-scheduled the Christmas season. Now, Venezuelan President Nicolas Maduro essentially nationalized an electronics chain in order to "protect the middle class."<p>"When the bourgeoisie feel powerful, they take from the poor to make themselves rich," Maduro said on Friday, according to <i>El</i> …

Venezuela troops patrol shops to keep rising prices under control

• An updated version of this article is available here.<p>The Venezuelan authorities have called in the army in an attempt to shore up the economy, deploying troops in shops to rein in rising prices in a country where shortages are rife and inflation has soared to around 50%.<p>Soldiers have been sent …

Sexy things to do (and things you shouldn’t) with Apple Watch, iPhone

<i>These are stories Report on Business followed this week</i>.<p>The new Apple Watch has opened up a world of possibilities.<p>So, given that when we're not obsessing over house prices we may well be obsessing over that other sport, here are some sexy things you <i>can</i> do, and those you probably <i>shouldn't</i>, with the …

Stuck in Venezuela with those currency exchange blues

CARACAS, Venezuela--An elderly Caracas woman recently called a travel agency to buy an airline ticket to Argentina because of a family medical emergency. She was told that no seat on any plane leaving Venezuela was available at any price on any airline until next fall.<p>"There is essentially no …