Venezuela’s oil-backed cryptocurrency raised $735m in one day, president claims
Businessam Staff
February 21, 2018
President Nicolas Maduro of Venezuela has claimed that the country’s oil-backed “petro” cryptocurrency raised $735
Russia, Venezuela sign $3.15bn restructuring deal
Businessam StaffNovember 15, 2017
Russia signed an agreement to restructure $3.15 billion of debt owed by Venezuela, throwing a lifeline to a crisis-wracked ally that’s
U.S. court lets Trump travel ban go partially into effect for six Muslim countries while North Korea, Venezuela waived
Businessam StaffNovember 14, 2017
A U.S. appeals court in California Monday let part of President Donald Trump’s latest travel ban go into effect, ruling that the
Bitcoin soon to be official currency in Venezuela
Businessam StaffNovember 6, 2017
The Venezuelan government has moved to legalise the use of Bitcoin as an official currency and legal tender in the country. This is
Citigroup calls for readiness on oil squeeze
Businessam StaffSeptember 26, 2017
Those in the oil market fearing a flood of OPEC supply next year will probably be better off preparing for a shortage, according to
OPEC talks on oil cuts extension beyond March 2018
Businessam StaffSeptember 12, 2017
OPEC and its allies are discussing extending the oil production cuts that expire in March 2018 by more than three months, potentially
Trump administration concerned about U.S. firms giving financial ‘lifeline’ to Venezuela
Businessam StaffJune 4, 2017
Donald Trump’s administration is concerned about any action by U.S. companies that provides a financial lifeline to
Venezuela launches fifth forex plan in four years
Businessam StaffMay 24, 2017
Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan