Politics Hugo Chavez

  • CARACAS, Dec 26- Venezuela's opposition on Monday ruled out returning to Vatican- led talks with President Nicolas Maduro's government unless it makes major concessions amid a crushing economic crisis and bitter political standoff. A Papal envoy, South American bloc Unasur and former heads of government from Spain, Panama and the Dominican Republic brought...

  • MARACAIBO, Venezuela, Dec 23- A legal strategy switch by Venezuela's state-owned oil giant PDVSA to portray itself as a victim in a massive bribery scheme detected by the U.S. government is unlikely to lead to compensation and may even backfire. In a case that shook the local oil industry, two prominent Venezuelan oil businessmen were arrested last year in the...

  • BUENOS AIRES, Dec 14- A World Bank tribunal ordered Venezuela to pay steelmaker Tenaris SA $162 million for expropriating two investments in the country, according to a statement published by the Buenos Aires stock exchange on Wednesday. Luxembourg- based Tenaris, the world's top producer of seamless steel pipes for the energy industry, and its Talta Lda...

  • CARACAS, Dec 12- Venezuelans hastily dumped the country's 100- bolivar bill, the largest denomination, on Monday after the government said it would be pulled from circulation as the crisis-wracked nation suffers what is believed to be the world's highest inflation. Socialist President Nicolas Maduro said the withdrawal of the bill- worth just 2 U.S. cents on...

  • CARACAS, Dec 12- Venezuelans hastily dumped the country's 100- bolivar bill, the largest denomination, on Monday after the government said it would be pulled from circulation as the crisis-wracked nation suffers what is believed to be the world's highest inflation. Socialist President Nicolas Maduro said the withdrawal of the bill- worth just 2 U.S. cents on...

  • CARACAS, Dec 12- Venezuelans are hastily dumping the country's 100 bolivar bill because leftist President Nicolas Maduro is pulling the largest note in currency out of circulation despite having one of the world's highest inflation rates. Maduro said the withdrawal of the bill, worth two U.S. cents on the black market, was needed to reduce contraband of the...

  • CARACAS, Dec 12- Venezuelans are hastily dumping the country's 100 bolivar bill because leftist President Nicolas Maduro is pulling the largest note in currency out of circulation despite having one of the world's highest inflation rates. Maduro said the withdrawal of the bill, worth two U.S. cents on the black market, was needed to reduce contraband of the...

  • CARACAS, Dec 12- Venezuelans are hastily dumping the country's 100 bolivar bill because leftist President Nicolas Maduro is pulling the largest note in currency out of circulation despite having one of the world's highest inflation rates. Maduro said the withdrawal of the bill, worth two U.S. cents on the black market, was needed to reduce contraband of the...

  • CARACAS, Dec 12- Venezuelans are hastily dumping the country's 100 bolivar bill because leftist President Nicolas Maduro is pulling the largest note in currency out of circulation despite having one of the world's highest inflation rates. Maduro said the withdrawal of the bill, worth two U.S. cents on the black market, was needed to reduce contraband of the...

  • CARACAS, Dec 11- Venezuela, mired in an economic crisis and facing the world's highest inflation, will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said on Sunday. The surprise move, announced by Maduro during an hours-long speech, is likely to worsen...

  • CARACAS, Dec 11- Venezuela, mired in an economic crisis and facing the world's highest inflation, will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said on Sunday. Critics slammed the move, which Maduro said was needed to combat contraband of the...

  • CARACAS, Dec 11- Venezuela, mired in an economic crisis and facing the world's highest inflation, will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said on Sunday. Critics slammed the move, which Maduro said was needed to combat contraband of the...

  • CARACAS, Dec 4- Venezuela will introduce six new notes and three new coins starting in mid-December to help alleviate practical problems in doing business with the world's most inflationary currency, according to the central bank. Currently, the OPEC nation's largest note is worth just 2 U.S. cents on the black market, meaning cash transactions are extremely...

  • BUENOS AIRES/ BRASILIA, Dec 2- An increasingly isolated Venezuela accused the Mercosur trade bloc of staging a "coup" on Friday after member nations suspended the socialist nation for failing to fulfill membership requirements. In an official letter addressed to Venezuela's Foreign Minister Delcy Rodriguez and seen by Reuters, Mercosur informed Venezuela...

  • BRASILIA, Dec 2- South American trade bloc Mercosur has suspended Venezuela for failing to fulfill its membership requirements, according to a copy of an official letter sent to Caracas on Friday and seen by Reuters. In the letter, addressed to Venezuela's Foreign Minister Delcy Rodriguez, Mercosur informs Venezuela of "the cessation of the exercise of the...

  • CARACAS, Nov 28- Venezuela's bolivar currency has depreciated an unprecedented 60 percent in a month against the U.S. dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note of 100 bolivars now worth less than 3 U.S. cents in the crisis-hit OPEC nation.

  • HAVANA, Nov 26- Fidel Castro, the Cuban revolutionary who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday. Wearing a green military uniform, a somber Raul, 85, appeared on state television on Friday night to announce Fidel's death, 60 years to the day since the two brothers and dozens of...

  • HAVANA, Nov 26- Fidel Castro, the Cuban revolutionary who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday. Wearing a green military uniform, a somber Raul, 85, appeared on state television on Friday night to announce Fidel's death, 60 years to the day since the two brothers and dozens of...

  • HAVANA, Nov 26- Fidel Castro, the Cuban revolutionary who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday. Wearing a green military uniform, a somber Raul, 85, appeared on state television on Friday night to announce Fidel's death, 60 years to the day since the two brothers and dozens of...

  • HAVANA, Nov 26- Fidel Castro, the Cuban revolutionary who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday. Wearing a green military uniform, a somber Raul Castro, 85, appeared on state television on Friday night to announce Fidel's death, 60 years to the day since the two brothers and...