Daniel Kerner News
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Venezuela cut off the transmission of a speech by opposition leader Henrique Capriles Radonski yesterday using a system of national broadcasts known as “cadena” after he said the government “stole” this month’s election.
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Venezuela will start auctioning dollars to importers, especially of medicine, food and industrial equipment, to arrest the bolivar’s decline in the black market and ease inflation.
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When Alan Garcia ’s first term as president of Peru ended in 1990, the economy had shrunk by 10 percent, inflation was raging at 7,000 percent, and half the population lived in government-declared emergency zones where Maoist guerrillas were active.
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Venezuela will channel more resources from its oil exports to the central bank this year as it seeks to alleviate a shortage of dollars that has crimped imports, Oil Minister Rafael Ramirez said yesterday.
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An open primary on Aug. 14 is becoming more urgent for Argentine President Cristina Fernandez de Kirchner’s re-election efforts after a string of defeats in regional votes undermined support for the government.
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Argentine Vice President Amado Boudou, who for years antagonized investors in South America’s second-biggest economy, may now become their guarantor of political and economic stability in a nation reeling from its leader’s surprise diagnosis with cancer.
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Venezuelans, who in the past decade have grown accustomed to watching Hugo Chavez make national policy in near-daily television appearances, must now get used to him governing from a hospital bed in Cuba.
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Venezuela imported 196,000 barrels a day of petroleum products from the U.S. in September, more than nine times more than the 20,000 barrels a day the South American country imported in the same month a year earlier, the U.S. Energy Information Administration said today.
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Argentine President Cristina Fernandez de Kirchner defused speculation she would announce a takeover of the country’s biggest energy company today during an annual speech to Congress. Shares of YPF SA soared.
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Venezuelan President Hugo Chavez’s re-election and multiple cancer scares give the self-declared socialist momentum to accelerate state intervention in the economy after 14 years in power.
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