Venezuelans turn to bitcoins to bypass socialist currency controls

Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases -- and launch a little subversion.

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Venezuela takes over plants left by U.S. firm Clorox

Venezuela announced on Friday the "temporary" takeover of two plants belonging to U.S. cleaning products maker Clorox Co which has left the country because of difficult economic conditions.

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Mitsubishi halts Venezuela plant due to imports snag: union

Japanese automaker Mitsubishi's (7211.T) subsidiary in Venezuela has halted operations due to a delay in the import of parts for assembly, a union official said on Friday.

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Venezuela's Banesco wins bidding for Spain's rescued bank NCG Banco

Venezuelan bank Banesco has won the bid for a controlling stake in Spanish state-rescued lender NCG Banco through its €1 billion offer. Banesco bet out five other rivals in the auction.

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Kentz expands to US through USD435 million takeover of Valerus

Ireland-based construction and engineering company Kentz has taken over US-based Valerus Field Solutions for USD435 million (EUR316 million) in a deal that will also expose Kentz to Latin American markets.

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Lukoil in talks with international oil players to sell stake in Venezuelan gas project

Russia's No. 2 oil producer Lukoil is looking to put up for sale its 20% stake in a Russian consortium developing a large oil project in Venezuela. Lukoil is in talks with international players after Rosneft offered a price lower than what Lukoil had asked.

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Petronas pulls out of Carabobo Oil Project in Venezuela

The Malaysian state run oil firm informed the Venezuelan government of its withdrawal from the Carabobo-1 oil project.

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