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Venezuela's ex-oil czar sees economic collapse accelerating

BOGOTA, Colombia— Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election, as the embattled socialist leader takes the country down an increasingly authoritarian path that scares off private investment and leads to more international sanctions against his...

Source: The Associated Press

UPDATE 2-Venezuela frees bank executives jailed for currency 'attacks'

CARACAS, May 23- The 11 executives of Venezuela's top bank, Banesco SA, arrested earlier this month for allegedly "attacking" the OPEC member country's rapidly weakening currency, have been released, chief prosecutor Tarek Saab said on Wednesday. Zapatero was in Venezuela on President Nicolas Maduro's invitation to oversee Sunday's strongly criticized...

Source: Reuters

UPDATE 1-Venezuela frees bank executives jailed for currency 'attacks'

CARACAS, May 23- The 11 executives of Venezuela's top bank Banesco, arrested earlier this month for allegedly "attacking" the OPEC member country's rapidly-weakening currency, have been freed or are being released, chief prosecutor Tarek Saab said on Wednesday. Four female executives have been freed and their seven male counterparts were being freed on...

Source: Reuters

EMERGING MARKETS-Trade thaw hits emerging currencies as dollar soars

*Turkey's lira tumbles to fresh record low. *Venezuela's Maduro wins another six-year term as president. LONDON, May 21- The soaring dollar whacked emerging market currencies on Monday, with Turkey's lira plumbing record lows as markets tested policy makers' response.

Source: Reuters

Venezuela's President Maduro wins election but could face sanctions

Turnout at the election was just 46.1 percent, the election board said, way down from the 80 percent registered at the last presidential vote in 2013, due to a boycott by Venezuela's mainstream opposition.

Source: Reuters

UPDATE 1-EXCLUSIVE-As Venezuelans suffer, Maduro buys foreign oil to subsidize Cuba

HOUSTON, May 15- Venezuela's state-run oil firm PDVSA has bought nearly $440 million worth of foreign crude and shipped it directly to Cuba on friendly credit terms- and often at a loss, according to internal company documents reviewed by Reuters. But Cuba may never pay cash for the cargoes because Venezuela has long accepted goods and services from Cuba in...

Source: Reuters

EXCLUSIVE-As Venezuelans suffer, Maduro buys foreign oil to subsidize Cuba

HOUSTON, May 15- Venezuela's state-run oil firm PDVSA has bought nearly $440 million worth of foreign crude and shipped it directly to Cuba on friendly credit terms- and often at a loss, according to internal company documents reviewed by Reuters. But Cuba may never pay cash for the cargoes because Venezuela has long accepted goods and services from Cuba in...

Source: Reuters

Netflix mapped connections between what people watch to help scope out new shows

Netflix is able to predict the types of content people will like, which is often surprising.

Source: CNBC.com

Conoco has seized Venezuela PDVSA products from the Isla refinery: Curacao

ConocoPhillips has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters.

Source: Reuters

Curacao court OKs Conoco seizing Venezuelan oil assets

WILLEMSTAD, Curacao— A court on the Dutch island of Curacao has authorized the local subsidiary of U.S. oil giant ConocoPhillips to seize $636 million worth of assets held on the island by Venezuela's state oil company, PDVSA. The Curacao court's ruling of May 4 is a blow to Venezuela, which uses refineries on Curacao and elsewhere in the Netherlands Antilles to...

Source: The Associated Press