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Economics & Finance

Lorenzo Mendoza, head of Empresas Polar S.A., Venezuela’s largest privately-held food company, refuted government claims that his business is sabotaging the local food market. Mendoza’s comments came in response to President Nicolás Maduro’s accusations over the weekend that Polar is attempting to exacerbate food shortages and destabilize the economy by cutting output of staples like corn flour—which is used to make arepas, or patties, a staple in the Venezuelan diet.

Venezuelan president Nicolás Maduro marked the end of his three-day trip through Uruguay, Argentina and Brazil yesterday with a meeting in Brasilia with President Dilma Rousseff to highlight Venezuela’s strategic alliance with Brazil.

Can smart monetary policy revive investment?
After a decade of growth, the region needs to consolidate its successes.

To develop their projects, private businesspeople who invest in Cuba are obliged to accept conditions that do not correspond broadly with those established by international law in most other parts of the world.

Top stories this week are likely to include: Nicolás Maduro and Henrique Capriles kick off their campaigns; U.S. business and labor leaders reach an agreement on immigration; Argentina faces a court ruling on its debt; Brazil faces more stadium-related woes; and Venezuela auctions $200 million in foreign currency.

Havana's bustling streets offer a wide variety of transportation options. In the old city overcrowded public buses and state-owned yellow taxis (usually Soviet-era Ladas or more recent Korean and Japanese imports) jostle with bicycle taxis, horse-drawn carriages, and cocotaxis—three-wheeled mopeds where the two rear passenger seats are half-enclosed in a garish yellow coconut-shaped plastic shell.

Las propuestas actuales de cambios económicos en Cuba han abierto una ventana inédita para discutir y eventualmente empezar a corregir algunas de las desproporciones más recurrentes en el devenir económico del país en las últimas décadas. 

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