Exclusive: US issues license to Trinidad and Tobago to develop Venezuela offshore gas field

WASHINGTON/PORT OF SPAIN, Jan 24 (Reuters) – The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, US and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela. The license, issued by the US Treasury Department at Trinidad’s … Read more

France hit by nationwide strikes as unions fight Macron’s pension reform

Government wants to raise retirement age by two years to 64 Railways, schools and refineries among those hit by strike Macron’s reformist credentials at stake in dispute Polls show widespread opposition to pension reform PARIS, Jan 19 (Reuters) – French train drivers, teachers and refinery workers were among those who walked off their jobs on … Read more

Brazil markets tumble on Lula’s first full day in office

BRASILIA, Jan 2 (Reuters) – Brazilian markets delivered a withering verdict on leftist President Luiz Inacio Lula da Silva’s first full day in office on Monday, after he pledged to prioritize social issues and ordered a budget-busting extension to a fuel tax exemption. Lula’s decision to extend the fuel tax exemption, which will deprive the … Read more

Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US sanctions restrict payments, people familiar with the matter said. The United States on … Read more

Lula’s honeymoon with Brazil markets ends amid spending plan fears

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets looked finished on Thursday, as he pushed for more room to grow social spending without setting long-term fiscal rules or naming his top economic policymakers . Brazil’s currency and benchmark Bovespa stock index (.BVSP), which rose last week … Read more

Brazil’s rural boomtowns ensure Bolsonarismo’s future

CATANDUVA, Brazil, Oct 28 (Reuters) – The small city of Catanduva in the rural farm belt of Sao Paulo state has been ahead of the political curve in Brazil. In 1996, the city elected leftist Felix Sahao as its first Workers Party (PT) mayor – a full six years before Luiz Inacio Lula da Silva … Read more

Factbox: Europe’s alternatives if Russia shuts off gas supply

LONDON, Oct 20 – Unexplained damage to the Nord Stream pipelines that run under the Baltic Sea have dashed hopes that Russian gas flow to Germany will resume anytime soon. Nord Stream 1 had been idle since the end of August for maintenance work, prompting concerns about supply to Europe if the outage was extended. … Read more

US charges Russians for shipping military equipment, Venezuelan oil

Russians used German company to ship items – prosecutors Some components found on Ukraine battlefield – prosecutors German company also traded Venezuelan oil – prosecutors NEW YORK/WASHINGTON, Oct 20 (Reuters) – US prosecutors on Wednesday charged five Russian nationals for sanctions evasion and other violations related to shipping military technologies bought from US manufacturers to … Read more

EXCLUSIVE Looped in ‘line by line’, Hezbollah shows pragmatic side in Lebanon-Israel deal

Pragmatism seen trumping ideology as Hezbollah approves deal US clinched landmark compromise between Israel, Lebanon Offshore gas would provide Lebanon with badly needed FX BEIRUT, Oct 18 (Reuters) – Before Lebanon’s government approved a US-brokered deal settling a decades-long maritime boundary dispute with Israel, the powerful Hezbollah had scrutinized the final draft line by line … Read more

Nord Stream investigation finds evidence of detonations, Swedish police say

Swedish Security Service says ‘gross sabotage’ indicated Investigation shows detonations at Nord Stream 1 and 2 pipelines Russia says not asked to participate in investigation HELSINKI/STOCKHOLM, Oct 6 (Reuters) – A crime scene investigation of the Nord Stream 1 and 2 gas pipelines from Russia to Europe found evidence of detonations, strengthening suspicions of “gross … Read more