Venezuela

he Japan Bank for International Co-operation (JBIC) is in the process of reviewing a US$1.5bn loan to upgrade the Puerto la Cruz and El Palito refineries in Venezuela, according... 2009-06-25

Venezuela's Q109 current account deficit came in at US$3.5bn, down from a surplus of US$9.5bn in Q108, thanks to the continued contraction in oil and non-oil related revenues and... 2009-06-19

Consumer price inflation reversed its six-month downtrend in April, rising to 29.4% y-o-y from 28.5% y-o-y in March. We believe that this rise in inflation represents a return to... 2009-06-05

In order to pave the way for a state-run set of enterprises, Venezuelan President Hugo Chávez has announced that the government will nationalise various iron and steel firms in the... 2009-06-05

Venezuelan Congress has given initial approval to a law that would allow the state to seize the assets of oil services companies operating in Venezuela. The enforcement of such a... 2009-05-12

Consumer price inflation ticked up in April, rising to 29.4% year-on-year. We have maintained for some time that despite the recent declines, we have not yet seen the worst of the... 2009-05-12

Venezuela's headline inflation rate continued its decline in March, falling to 28.5% y-o-y from a peak of 36.0% y-o-y in September 2008. While we do not dispute the widespread deflationary... 2009-04-20