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Posts tagged as Guaidó

Chinese shares slip over Fed dovish stance at next meet

Chinese shares edged lower on Tuesday as investors took profits after major stock indexes closed near 6-1/2 month highs in the previous session, but the downside was limited by the expectation that the U.S.
Image Credit: Pixabay investors took profits after major stock indexes closed near 6-1/2 month highs in the previous session, but the downside was limited by the expectation that the U.S. Federal Reserve would take a dovish stance at its meeting this week.At the midday break, the Shanghai Composite index was down 0.22 per cent at 3,089.50. China’s blue-chip CSI300 index was down 0.37 per cent. Both indexes closed near 6-1/2 month highs on Monday.
Hong Kong fell 0.46 per cent to 11,620.81, while the Hang Seng Index was down 0.25 per cent at 29,334.61. The smaller Shenzhen index was unchanged for the day and the start-up board ChiNext Composite index was higher by 0.12 per cent. Investors are looking to the Fed policy meeting to see whether policymakers have sufficiently lowered their interest rate forecasts to more closely align their “dot plot”, a diagram showing individual policymakers’ rate views for the next three years.
In contrast to broader market declines, nuclear power-related stocks surged after environmental impact assessments (EIA) for two nuclear power plant projects were submitted for approval to regulators on Monday, a vital stage in the resumption of China’s atomic energy programme after a three-year halt in new approvals. State-owned China National Nuclear Power jumped as much as 10 per cent to its highest since April 2018, before trimming gains.
It was last up 2.29 percent.Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.05 per cent, while Japan’s Nikkei index was down 0.16 per cent. The yuan was quoted at 6.7162 per U.S.dollar, 0.04 per cent weaker than the previous close of 6.7135. The largest percentage gainers on the main Shanghai Composite index were Lanzhou LS Heavy Equipment Co Ltd, up 10.09 per cent, followed by Hunan Chen Dian International Development Co Ltd, gaining 10.04 per cent, and Beijing Teamsun Technology Co Ltd, up by 10.04 per cent.CGN Power Co LtdChina Gas Holdings Ltd, which has fallen 4.44 per cent, Guangzhou Automobile Group Co Ltd, which has lost 2.8 per cent, and Shenzhou International Group Holdings Ltd, down by 2.6 per cent.In Hong Konggainer on the Hang Seng was Sino Biopharmaceutical Ltd, up 5.27 per cent, while the biggest loser was Shenzhou International Group Holdings Ltd, which was down 2.65 per cent.

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Venezuelan military says 100 members left service after being promised $20000

Over 100 members of Venezuela’s National Guard had arbitrary left service, crossing the country’s border with Colombia, the long-term regional ally of the US, in hope to receive $20,000 promised to them for desertion, amid a political and economic.
The defence minister continued by saying that these promises were false, adding that the absence of these people among the service members was “not a catastrophe” and would not affect the combat readiness of Venezuela’s military.On Thursday, Venezuelan Ambassador to the United Nations, Samuel Moncada, said that the United States was arming Venezuelan deserters to form a so-called liberation army to invade the South American country. The envoy also suggested that Washington was fabricating a report about a high number of deserters in order to justify the creation of such an army.
Earlier this week, the migration service of Colombia claimed that the number of Venezuelan service members who had crossed into Colombia had surpassed 320 people. Meanwhile, the Analitica news outlet reported, citing the same agency, that the number of defectors allegedly reached 567 people.
Venezuela is currently in the midst of a political crisis. On January 5, lawmaker Juan Guaido was elected the head of the opposition-controlled National Assembly, which all other government branches have been refusing to recognize since 2016.On January 23, two days after the Venezuelan Supreme Court annulled his election, Guaido declared himself the country’s “interim president.” Venezuelan President Nicolas Maduro, who was sworn in for his second presidential term on January 10 after winning the May election, which part of the opposition boycotted, qualified Guaido’s move as an attempt to stage a coup orchestrated by Washington.The United States immediately recognised Guaido, after which some 50 other countries, including Colombia, followed suit. Russia, China, Cuba, Bolivia and a number of other states have, in the meantime, voiced their support for the legitimate government of Maduro.

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Venezuela opposition eyes negotiated transition

CARACAS: Venezuela’s opposition is trying to convince ruling Socialist Party officials to join a transition government, shifting focus as it seeks to unseat President Nicolas Maduro, who has clung to power in the face of growing international pressure .
Last month, Venezuelan opposition leader and Congress chief Juan Guaido invoked the constitution to assume the interim presidency after declaring Maduro’s reelection in May 2018 illegitimate.He swiftly received recognition from the United States and Latin American powers.In an effort to secure the backing of Venezuela’s military, Guaido proposed an amnesty for officers who turn on Maduro’s government.But defections have been minimal and top brass has declared allegiance to Maduro, dimming hopes of a quick end to an economic disaster that has prompted millions of desperate Venezuelans to flee abroad, fueling a regional humanitarian crisis.Amid fears the changes have stalled, opposition leaders have begun to talk in the past week about bringing ruling Socialist Party stalwarts into a potential transition government.
“This transition requires a large national agreement between the country’s political forces,” Edgar Zambrano, vice president of the opposition-run National Assembly, said in an interview.In an effort to secure the backing of Venezuela’s military, Guaido proposed an amnesty for officers who turn on Maduro’s government Zambrano said any transition must include “Chavismo,” the left-wing movement founded by Venezuela’s late leader Hugo Chavez, who hand-picked Maduro as his successor.
“You cannot disappear Chavismo and you cannot go from persecuted to persecutor. This is not political revenge,” he said.It was not immediately clear how actively the opposition is building bridges. Opposition leaders say they maintain contact with government officials and military officers but keep such talks confidential to avoid affecting those involved.Maduro says he is the victim of a US-orchestrated coup attempt and has refused to resign.Many rank-and-file opposition supporters hope to see Maduro and his allies exiled or behind bars, and would be frustrated by attempts to bring them into the transition.
Many rank-and-file opposition supporters hope to see Maduro and his allies exiled or behind bars Guaido’s decision to assume the interim presidency revitalized Venezuela’s fragmented and disillusioned opposition and led to a flurry of street protests.Hopes of quick change were fueled by diplomatic support from numerous countries and tough US sanctions on Venezuela’s vital oil industry, which has bankrolled Maduro’s government.
Some in the opposition quietly predicted a military pronouncement in favor of Guaido as early as Jan. 23, the day he proclaimed himself president at a rally in Caracas.Top military officials were silent for hours after Guaido’s pronouncement, leading to speculation that Maduro was frantically negotiating with officers not to switch sides.Yet only a handful of active officers backed Guaido.Expectations of a quick military proclamation have given way to concerns over a slow and complicated path forward, both in Caracas and Washington.“I don’t think (Washington) understood the complexities of the target, of Venezuela: all the overlapping security that Maduro has available; the things at his disposal,” said one former US administration official in touch with current officials.

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Thousands of Venezuela volunteers receive US aid

CARACAS: Thousands of volunteers in Venezuela will begin mobilizing on Sunday to bring American aid into their crisis-hit country despite a blockade by President Nicolas Maduro who claims the assistance could be cover for a US invasion.
But even as the political battle pitting Guaido against Maduro continued to deepen, Caracas confirmed talks had taken place with an envoy for US President Donald Trump’s administration.The oil-rich country’s economic meltdown under Maduro has left millions in poverty facing shortages of medicine and food, with hyperinflation making purchases impossible.US aid that has been piling up in the Colombian border town of Cucuta has become the frontline of the confrontation between Guaido and Maduro.
“Venezuela is preparing for the humanitarian avalanche,” Guaido told about 4,000 supporters clad in white T-shirts and green scarves who gathered Saturday to sign up as volunteers.The throng included doctors, nurses and students.Six hundred thousand people have registered to help bring aid in through border points, Guaido told the Caracas rally, asking the volunteers to meet in town councils on Sunday to get instructions about the process.Without revealing details that could jeopardize the operation, Guaido said volunteer brigades will travel in a bus caravan to entry points for the aid which he wants to come in next Saturday.
Coromoto Crespo, 58, told AFP he volunteered because of the urgent need for supplies. “To find medicines requires a miracle.I need tablets for high blood pressure, and what I find, I cant pay for,” Crespo said.”One of my relatives died because of a lack of antibiotics.” Guaido has targeted February 23 for entry of the aid, more of which arrived for the stockpile on Saturday. Three US military cargo planes delivered several dozen more tons (tonnes) of food assistance to Cucuta.
Another US aircraft is due in the Caribbean island of Curacao from Miami on Tuesday, and a collection center for Brazilian aid will open Monday on the border, Guaido’s team said. The US shipment Saturday was accompanied by a delegation led by Mark Green, head of the US Agency for International Development.
US assistance has been blocked by containers which Maduro loyalists placed on a border bridge to prevent access. On another front, Venezuelan Foreign Minister Jorge Arreaza confirmed having held two meetings with special US envoy Elliott Abrams.
Arreaza, who traveled to New York on February 13, said he held the talks with Abrams at the request of the State Department. He declined to comment on the substance of their discussions.Guaido repeated his call on Venezuelas military — whose support for Maduro has been crucial — to let the aid pass. “You have, in your hands, the possibility of fighting alongside the people who are suffering the same shortages you are,” Guaido said in a tweet addressed to soldiers.A State Department spokeswoman, Julie Chung, issued a similar plea during a news conference in Cucuta, urging the military to stand aside at a time when Venezuelans are “dying of hunger.”Maduro asserts that aid could be used as a way for the United States to invade.
He called for reinforced border security and dismissed the arriving “crumbs” as “rotten and contaminated food.”On Friday Maduro instructed his army to prepare a “special deployment plan” for the 2,200-kilometer (1,370-mile) border with Colombia.He said he would examine “what new forces” might be needed to keep the frontier “inviolable.”Maduro has assailed the US aid as a “show” but Arreaza said he would be willing to meet with “the devil” if it helped ensure Venezuelan sovereignty.About 2.3 million Venezuelans have fled the country since 2015 as the crisis intensified, according to the United Nations.Guaido accuses Maduro of being a “usurper” over his controversial reelection last year in polls widely branded as fraudulent. Maduro, the hand-picked successor to socialist firebrand Hugo Chavez, blames Venezuelas woes on US sanctions, more of which were added on Friday.He said six million families had benefited from subsidized food boxes and he claimed to have bought 933 tons of medicines and medical supplies from China, Cuba and Russia, his main international allies. “We paid for it with our own money because we’re beggars to no one,” Maduro said.

Once-wealthy Venezuela is gripped by a power struggle between socialist leader Maduro and Juan Guaido, the head of the National Assembly who proclaimed himself interim president last month and now has the backing of more than 50 countries.But even as the political battle pitting Guaido against Maduro continued to deepen, Caracas confirmed talks had taken place with an envoy for US President Donald Trump’s administration.The oil-rich country’s economic meltdown under Maduro has left millions in poverty facing shortages of medicine and food, with hyperinflation making purchases impossible.US aid that has been piling up in the Colombian border town of Cucuta has become the frontline of the confrontation between Guaido and Maduro.
“Venezuela is preparing for the humanitarian avalanche,” Guaido told about 4,000 supporters clad in white T-shirts and green scarves who gathered Saturday to sign up as volunteers.The throng included doctors, nurses and students.Six hundred thousand people have registered to help bring aid in through border points, Guaido told the Caracas rally, asking the volunteers to meet in town councils on Sunday to get instructions about the process.Without revealing details that could jeopardize the operation, Guaido said volunteer brigades will travel in a bus caravan to entry points for the aid which he wants to come in next Saturday.
Coromoto Crespo, 58, told AFP he volunteered because of the urgent need for supplies. “To find medicines requires a miracle.I need tablets for high blood pressure, and what I find, I can´t pay for,” Crespo said.”One of my relatives died because of a lack of antibiotics.” Guaido has targeted February 23 for entry of the aid, more of which arrived for the stockpile on Saturday. Three US military cargo planes delivered several dozen more tons (tonnes) of food assistance to Cucuta.Another US aircraft is due in the Caribbean island of Curacao from Miami on Tuesday, and a collection center for Brazilian aid will open Monday on the border, Guaido’s team said. The US shipment Saturday was accompanied by a delegation led by Mark Green, head of the US Agency for International Development.US assistance has been blocked by containers which Maduro loyalists placed on a border bridge to prevent access. On another front, Venezuelan Foreign Minister Jorge Arreaza confirmed having held two meetings with special US envoy Elliott Abrams.
Arreaza, who traveled to New York on February 13, said he held the talks with Abrams at the request of the State Department. He declined to comment on the substance of their discussions.Guaido repeated his call on Venezuela´s military  whose support for Maduro has been crucial — to let the aid pass. “You have, in your hands, the possibility of fighting alongside the people who are suffering the same shortages you are,” Guaido said in a tweet addressed to soldiers.A State Department spokeswoman, Julie Chung, issued a similar plea during a news conference in Cucuta, urging the military to stand aside at a time when Venezuelans are “dying of hunger.”Maduro asserts that aid could be used as a way for the United States to invade.He called for reinforced border security and dismissed the arriving “crumbs” as “rotten and contaminated food.”On Friday Maduro instructed his army to prepare a “special deployment plan” for the 2,200-kilometer (1,370-mile) border with Colombia.He said he would examine “what new forces” might be needed to keep the frontier “inviolable.”Maduro has assailed the US aid as a “show” but Arreaza said he would be willing to meet with “the devil” if it helped ensure Venezuelan sovereignty.About 2.3 million Venezuelans have fled the country since 2015 as the crisis intensified, according to the United Nations.Guaido accuses Maduro of being a “usurper” over his controversial reelection last year in polls widely branded as fraudulent. Maduro, the hand-picked successor to socialist firebrand Hugo Chavez, blames Venezuela´s woes on US sanctions, more of which were added on Friday.He said six million families had benefited from subsidized food boxes and he claimed to have bought 933 tons of medicines and medical supplies from China, Cuba and Russia, his main international allies. “We paid for it with our own money because we’re beggars to no one,” Maduro said.

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