GFM Network News


Venezuela ordered to pay U.K. firm for ranch takeovers

Caracas | Reuters –– An international arbitration centre has ordered Venezuela to pay British cattle company Vestey Group nearly US$100 million for the nationalization of cattle ranches, pilling fresh pressure on the cash-strapped leftist government. Venezuela’s late president Hugo Chavez in 2005 sent in soldiers to seize major ranches and repopulate rural areas largely abandoned […] Read more