Los Angeles Economics in Latin America Articles, Los Angeles Economics in Latin America News

Production cuts in Venezuela not going over well with workers

In the Venezuelan government’s latest attempt to save electricity during drought-induced power rationing, it has ordered production cuts at...

Venezuelan government takes control of 31 farms suspected of being 'idle'

Venezuelan officials supported by troops and police took control of 31 farms totaling more than 48,000 acres on Monday, accusing owners of not...

China to loan Bolivia $60 million for investment in hydrocarbon sector

The Bolivian government issued a decree today authorizing a contract with China’s state-owned bank for a $60 million loan. According to EFE...

Venezuela's economy continues to shrink in the face of declining oil prices

Venezuelan Finance Minister Ali Rodriguez said yesterday the economy might shrink 2.2 percent in 2009, slashing an earlier forecast for zero growth...

Cuba and China sign several economic cooperation deals over the weekend

During a visit by a Chinese delegation to Cuba over the weekend, representatives from several companies in China’s Shandong province signed a...

Cuba facing 'critical' energy shortage, taking 'extreme measures' to conserve

In a move that is quickly becoming the rule in Latin America, rather than the exception, the Cuban government has implemented several &ldquo...

Cuba attempting to reduce dependency on cheap Venezuelan oil

An oil refinery in Cuba (Photo: AFP/Getty) In a statement on Friday, a senior Cuban government official said Cuba is paying more for Venezuelan oil...