International Crime Scholar Pleads Guilty in Money-Laundering Case
Bruce Bagley said he knew the funds were connected to corrupt projects in Venezuela.
Chevron Ordered to ‘Wind Down’ Venezuela Operations
The move by the Trump administration comes as crude prices plummet.
Kellogg Shuts Down Cereal Plant in Venezuela
The company cites Venezuela's economic crisis but President Nicolas Maduro says the factory will continue production under worker control.
Venezuela to Start Cryptocurrency Pre-Sale on Feb. 20
Critics say the "petro" is illegal, but President Nicolas Maduro believes it will have a "great impact" on the country's embattled economy.
U.S. Tightens Economic Vise on Venezuela
The White House wants to ensure U.S. banks cannot be used to help finance the expansion of undemocratic rule in Venezuela.
GM Halts Venezuela Production as Plant Seized
The seizure of GM's only Venezula factory "was granted and enforced in total disregard of [GM's] right to due process," the company says.
South America Deflates Goodyear’s Earnings
Despite a $646 million writedown of its operations in Venezuela, Goodyear will maintain manufacturing and sales operations there.
American Airlines to Take $592M Currency Charge
Globally, airlines have around $3.7 billion trapped in Venezuela as a result of its 12-year-old currency control system.
Norway Ranked Least Risky for Supply Chains
Venezuela, on the other hand, was ranked most risky, thanks to an unstable economy, high inflation, and "malfunctioning markets."