Search results for "chavez"



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PDVSA says Venezuela oil exports at 2.4-2.5 million bpd

*Current crude output at 2.85 mln bpd, says PDVSA head Del Pino. *Venezuela pins hopes on Orinoco Belt heavy-crude area. ORINOCO BELT, Venezuela, April 20- OPEC member Venezuela is currently exporting between 2.4-2.5 million barrels per day from national crude production of around 2.85 million, the head of state oil company PDVSA said.
Source: Reuters | By: Andrew Cawthorne
Venezuela receives new $5 billion loan from China

CARACAS, April 20- Venezuela has received a new $5 billion loan from China, President Nicolas Maduro said, part of an oil-for-loans deal that has become a key source of financing for the cash-strapped OPEC nation that is struggling with low crude prices. Under the arrangement created by late socialist leader Hugo Chavez, China provides funding for development...
Source: Reuters
PDVSA and partners sell about $75 mln/month at new Venezuela forex rate

ORINOCO OIL BELT, Venezuela, April 19- V enezuela's PDVSA is selling about $50 million a month at a new advantageous foreign exchange rate, while joint ventures with foreign partners are putting in a further $25- 30 million a month via the Simadi system, the state oil company's head said. The government created Simadi in February as a third tier in Venezuela's...
Source: Reuters | By: Andrew Cawthorne
UPDATE 1-Prologis to buy KTR Capital for $5.9 billion

*Prologis confirms acquisition of KTR. NEW YORK, April 19- Prologis Inc, which owns warehouses and retail-distribution centers, said on Sunday it would acquire the real estate assets and operating platform of closely held KTR Capital Partners and its affiliates for $5.9 billion. "This transaction will deliver accretive returns to our shareholders and will...
Source: Reuters
FOREX-Dollar posts worst week in four as traders mull soft U.S. data

NEW YORK, April 17- The U.S. dollar posted its worst week in four against a currency basket on Friday after data showing a rise in consumer prices failed to alleviate concerns that recent soft U.S. economic data could delay the Federal Reserve's first rate hike. "The markets feel that the small price increase is not enough to force a June rate increase," said Chris...
Source: Reuters | By: Sam Forgione
Large measles outbreak traced to Disneyland is declared over

LOS ANGELES- California health authorities on Friday declared an end to a large measles outbreak that started at Disneyland and triggered a national debate about vaccinations. Disease detectives for months raced to contain the highly contagious disease, which surfaced at Disney theme parks in December and spread to a half-dozen U.S. states, Mexico and...
Source: The Associated Press
FOREX-Dollar rallies from 3-week low vs yen as U.S. inflation rises

*U.S. consumer prices rise for a 2nd month. NEW YORK, April 17- The dollar rebounded from a three-week low against the yen and a 10- day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.
Source: Reuters | By: Gertrude Chavez-Dreyfuss
Bitcoin-focused firm rebrands broker-dealer for digital currencies

NEW YORK, April 16- Digital Currency Group, a New York- based entity founded by bitcoin advocate Barry Silbert, rebranded its broker-dealer division of SecondMarket Inc specializing in trading virtual currencies including bitcoin, according to a press statement on Thursday. The Trading Division of SecondMarket Inc is now called Genesis Trading and focuses...
Source: Reuters
WRAPUP 1-OPEC diplomacy up from Moscow to Caracas; action unlikely

And Venezuela's oil minister Asdrubal Chavez met in Caracas with the local ambassadors of eight OPEC members plus Indonesia on Wednesday, the ministry said. Nearly four months of sub- $60 a barrel crude oil prices is weighing heavily on cash-strapped producers such as Venezuela and Russia, who failed to coax OPEC into cutting output last November.
Source: Reuters | By: Denis Pinchuk and Alexandra Ulmer
UPDATE 1-Japan edges out China as largest holder of U.S. Treasuries

NEW YORK, April 15- U.S. Treasury Department data on Wednesday showed Japan edged out China in February as the largest holder of U.S. Japan eclipsed China as the largest Treasury holder for the first time since August 2008. Japan's holdings actually declined in February, to $1.224 trillion, from $1.238 trillion the previous month, while China's also fell, to $1.223...
Source: Reuters