Venezuela’s President Nicolas Maduro dismissed from his cabinet a longtime advocate of currency controls and a strong bolivar, a move Bank of America Corp. says is a prelude to further devaluation.
Petroleos de Venezuela SA’s annual net income rose more than three-fold as the state-owned oil producer spent less on social programs, reduced costs after currency devaluation and sold assets.
"I want to thank Professor Jorge Giordani, companion of the struggle and friend of our comandante Chavez."
- Nicolas Maduro on Jun 18, 2014
Mac Margolis on Venezuela’s Air Tax (Audio)
Eurasia Group’s Grais-Targow on Venezuela Vote