Politics Hugo Chavez

  • No, this isn't Venezuela but rather nearby Suriname, a multi-ethnic former Dutch colony where the economy is in freefall amid collapsing global commodity prices and the local currency's resulting slide against the U.S. dollar. Life has become exceedingly difficult in this isolated country of about 540,000 people on South America's northeastern coast,...

  • MARGARITA ISLAND, Venezuela— This resort island was once mobbed with international tourists who loved the sparkling blue water, fine white sand and flawless sunny days. Crisis-wracked Venezuela gave the island community of 600,000 a last-minute cleanup to host leaders from the developing world for a summit of the Non-Aligned Movement.

  • CARACAS, Sept 5- Venezuelan President Nicolas Maduro has enlisted a Spanish academic he has hailed as the " Jesus Christ of economics" to help the South American country manage chronic product shortages. Alfredo Serrano is the only foreigner to form part of the Superior Organ of the Grand Mission of Sovereign Supply, a group of civilians and military officers...

  • BRASILIA/ MONTEVIDEO, Aug 16- Brazil summoned Uruguay's ambassador on Tuesday after the neighboring country's foreign minister accused Brazil of trying to "buy" its vote to block Venezuela from taking the rotating presidency of the Mercosur trade bloc. In comments to lawmakers last week that were made public on Tuesday, Uruguayan Foreign Minister Rodolfo Nin...

  • BRASILIA, Aug 16- Brazil's Foreign Ministry summoned Uruguay's ambassador on Tuesday to explain comments reportedly made by Uruguay Foreign Minister Rodolfo Nin Novoa, who accused Brazil of trying to block Venezuela from taking the presidency of the Mercosur trade bloc. Uruguayan media reported that Nin Novoa said the Brazilian government tried to "buy"...

  • Secretary of State John Kerry on Thursday urged Argentina to be patient with the slow pace of economic progress under its new government, and urged Venezuela to allow a vote this year on whether to recall President Nicolas Maduro. In his first trip to Argentina as America's chief diplomat, Kerry praised President Mauricio Macri, a free-markets proponent who...

  • BUENOS AIRES, Aug 4- U.S. Secretary of State John Kerry on Thursday urged Argentina to be patient with the pace of economic progress under President Mauricio Macri, who took office late last year promising an influx of investment that has yet to materialize. "But I am 100 percent confident, as is President Obama, that Argentina is on the right course.

  • CARACAS, Aug 4- Facing a national food crisis, Venezuela's pumpkin-growing socialist president is exhorting compatriots to grow fruit and vegetables on balconies and roofs and in barracks across the country. His government's " Great Agro-Venezuela Mission" is promoting city farming to offset shortages which have led to lootings and riots as the OPEC country...

  • CARACAS, Aug 2- Venezuela's socialist government is renaming a plant it has taken over from U.S.-based multinational Kimberly-Clark Corp after a local indigenous warrior. After two decades in Venezuela, the U.S. personal care products maker halted operations last month, saying it was unable to obtain raw materials or hard currency and was struggling with...

  • Workers ride on a pickup truck toward farm land in Santa Barbara de Zulia in Venezuela.

    Venezuela issued a decree that "effectively amounts to forced labor" in an attempt to stabilize a food shortage, says an Amnesty International report.

  • CARACAS/ BOGOTA, July 26- Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders in recent years: a multi-billion dollar project in the Orinoco Belt, the world's largest crude reserve. Trenaco, headquartered in Switzerland but largely...

  • Venezuelan soldiers participate in a parade to celebrate the 195th anniversary of the Battle of Carabobo in Caracas, June 24, 2016.

    As his country's economy implodes around him, Venezuelan strongman Nicolas Maduro has resorted to what may be a last-ditch effort to stay in power.

  • Kimberly-Clark, which makes Huggies diapers and Kleenex tissues, said at the weekend it was halting its two-decade Venezuela operations as it was unable to obtain raw materials or hard currency and was struggling with high inflation. After U.S. cleaning products maker Clorox Co pulled out of Venezuela in 2014, the government also announced workers would...

  • CARACAS, July 11- Venezuela's socialist government said on Monday it was taking over and re-activating a plant that U.S. personal care products maker Kimberly-Clark Corp has halted due to the nation's economic crisis. Kimberly-Clark, which makes Huggies diapers and Kleenex tissues, said at the weekend it was halting its two-decade-old Venezuela operations...

  • HOUSTON/ CARACAS, July 8- Venezuela's falling crude output and financial woes have left it struggling to maintain a 15- year-old oil assistance program to its closest ally, Cuba. The shift signals an unraveling of the oil diplomacy pioneered by Venezuela's late socialist leader Hugo Chavez and helps explain why Cuba, which generates electricity from fuels,...

  • HOUSTON/ CARACAS, July 8- Venezuela's falling crude output and financial woes have left it struggling to maintain a 15- year-old oil assistance program to its closest ally, Cuba. The shift signals an unraveling of the oil diplomacy pioneered by Venezuela's late socialist leader Hugo Chavez and helps explain why Cuba, which generates electricity from fuels,...

  • CARACAS, July 6- Spanish agriculture company Grupo Agroinsumos Ibero-americanos and associated firms have filed an arbitration case against Venezuela via a World Bank tribunal, seeking compensation for the 2010 nationalization of its operations. The companies said they were filing under a bilateral investment treaty between Spain and Venezuela signed...

  • WASHINGTON, June 28- The U.S. Supreme Court on Tuesday agreed to weigh Venezuela's bid to block a lawsuit filed by an American oil drilling company that claims the South American country unlawfully seized 11 drilling rigs six years ago. The high court will review a May 2015 ruling by the U.S. Court of Appeals for the District of Columbia Circuit that allowed one of...

  • BUENOS AIRES, June 21- Venezuela has badly mismanaged its vast oil resources, a senior U.S. diplomat told Reuters in an interview on Tuesday in which he said a change in government could quickly turn the OPEC member's fortunes around. Tensions have been high between Washington and Venezuela, where the president is facing a possible recall referendum amid...

  • CARACAS/ HOUSTON, June 14- Venezuela is in talks with China to obtain a grace period in its oil-for-loans deal that would improve the OPEC nation's capacity to make bond payments amid an economic crisis, sources briefed on the proposal have told Reuters. Venezuela has borrowed over $50 billion from China under the financing arrangement created by late...