Spanish telecom company Telefónica has agreed to pay more than $85.2 million to resolve an investigation into an alleged ...

Spain largest telecom operator has agreed to pay over US85 million to settle a US Justice Department investigation into a ...

Spain’s largest telecommunications operator will pay more than $85 million to resolve a U.S. Justice Department investigation ...

An exchange rate gap provides higher profits for private businesses and exposes the struggles of the Venezuelan sanctions-hit economy.

A subsidiary of Spanish telecommunications provider Telefónica S.A. will pay $85.2 million to settle a charge that it ...

Venezuela’s fiscal gap widened to 11% of GDP last year from 4% in 2011, according to Moody’s Investors Service. “This isn’t a change that was done for fiscal reasons,” Giordani said.

In that case, Gorrin is accused of bribing senior Venezuelan officials to facilitate profitable currency exchange rates for the government. The bribes allegedly included millions in wire transfers ...