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Mexico asks Venezuela to continue talks with Cemex

Economy The Mexican government asked Venezuela to keep on holding talks with cement maker Cemex, which was expropriated on Monday in the context of nationalization of this industrial sector, Mexican ambassador to Caracas Jesús Mario Chacón told AFP on Tuesday.

The request was made in a notice sent to the Venezuelan Ministry of Foreign Affairs. There, Mexico advocates an eventual, satisfactory agreement on sale of stocks and prevention of seizure.

"We are interested in using the provision made in the decree (on nationalization), released on June 18th, to extend the term to continue talks" with the companies involved, said Chacón.


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Worsening chronic poverty in Venezuelan households

11:00 AM. Economy. Based on the official data, more and more families failed to get out of poverty in 2008; the exclusion status of more people moved faster and fewer people are on their way to overcome this situation. According to the data provided by the official National Statistics Institute (INE), last year the poorest homes in the country recorded an average monthly income of USD 401.82, whereas the food basket amounted to 417.77

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