Politics Hugo Chavez

  • 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...

  • CARACAS, June 9- Venezuela is putting neighborhood committees linked to the ruling Socialist Party in charge of distributing basic foods amid increasingly violent unrest over chronic shortages that have battered the socialist government's popularity. But the country's opposition is slamming the plan as a discriminatory rationing system that will...

  • The figure is nearly three times the $1.2 billion Venezuela plans to spend on imports of pharmaceuticals this year as dire shortages of medicines from anti-itch skin cream to chemotherapy drugs hit home. The crisis has forced Venezuela to sharply curtail such imports, adding to hardship for millions of people already struggling with triple-digit...

  • A protester gestures in front of police during an opposition march in Caracas, Venezuela, on Wednesday, May 11, 2016.

    Lufthansa has cancelled its flights to Venezuela in the latest sign of the country’s growing isolation and economic, social and political turmoil.

  • CARACAS, May 20- A teenage protester reads the constitution to Venezuelan soldiers blocking a march. Amid the melee on the front line of the latest protest in Caracas, the young soldiers' faces remain impassive. Venezuela's opaque but powerful military- a key power-broker in past unrest- is under increasing scrutiny as socialist President Nicolas Maduro...

  • Opponents to the government of Venezuelan President Nicolas Maduro demonstrate in front of a line of riot police in Caracas on May 11, 2016.

    The opposition leader accuses President Nicolas Maduro of "putting himself above the constitution" by imposing emergency powers, the BBC reports.

  • SAN CRISTOBAL, Venezuela, May 13- Mobs in Venezuela have stolen flour, chicken and even underwear this week as looting increases across the crisis-hit OPEC nation where many basic products have run short. But as more end up empty-handed and black market prices soar, plundering is rising in Venezuela, already one of the world's most violent countries.

  • CARACAS, May 4- Just over one in four Venezuelans approves of President Nicolas Maduro's governance as a crippling economic crisis weighs on the leftist leader, according to a leading pollster. While low compared with his charismatic mentor and predecessor, Hugo Chavez, Maduro's popularity remains above that of neighboring presidents including Colombia's...

  • CARACAS, April 30- Venezuela's President Nicolas Maduro on Saturday night increased the country's minimum wage 30 percent, amid rampant inflation that has destroyed purchasing power in the crisis-hit country. As of May 1, the minimum wage will jump to 15,051 bolivars per month- $1,505 at the strongest official exchange rate but just $13.50 at the black market...

  • CARACAS/ MARACAIBO, April 27- Venezuela's opposition began a signature drive on Wednesday seeking a referendum to remove President Nicolas Maduro as sporadic looting and protests over the economic crisis were reported. In Venezuela's second city Maracaibo, in the oil-producing western state of Zulia, authorities reported at least 30 small protests on...

  • CARACAS/ MARACAIBO, April 27- Venezuela's opposition began a signature drive on Wednesday seeking a referendum to remove President Nicolas Maduro as sporadic looting and protests over the economic crisis were reported. In Venezuela's second city Maracaibo, in the oil-producing western state of Zulia, authorities reported at least 30 small protests on...

  • CARACAS, April 26- Venezuela's elections council on Tuesday agreed to give opposition leaders a document allowing them to begin the process of seeking a referendum to remove President Nicolas Maduro, who is facing criticism over a deepening economic crisis. "Today we took a first step to begin the recall of Maduro," opposition deputy Elias Matta tweeted.

  • PUERTO CABELLO, Venezuela/ LONDON, April 22- V enezuelan state agencies have run up close to $1 billion in debts with shipping firms due to delays in returning containers, potentially boosting the cost of importing staple goods as the country struggles with product shortages and an economic crisis. The debts have piled up over the last six years, coinciding with a...

  • CARACAS, April 14- Venezuela said on Thursday that a $1.4 billion award to Canada's Crystallex International Corp for the expropriation of a mining project was "unfair and disproportionate." The World Bank's International Centre for Settlement of Investment Disputes this month ordered Venezuela to pay the sum as compensation for expropriating the Las...

  • April 5- A World Bank tribunal has ordered Venezuela to pay damages of nearly $1.4 billion to Crystallex International Corp, a Canadian mining company, as compensation for expropriating the miner's Las Cristinas mining project, Crystallex said on Tuesday. The award, worth $1.386 billion, was released on Monday by the World Bank's International Centre for...

  • CARACAS, April 1- Venezuela will reduce power generation if the key Guri dam, which supplies around half of the blackout-hit country's electricity, falls below a minimum level that is fast approaching, an official said on Friday. The massive Guri dam in Venezuela's central jungle is now at just 244 meters- its lowest level ever and just 4 meters from a critical...

  • Opposition students shout slogans while they take part in a rally against President Nicolas Maduro's government on University Student Day.

    Venezuela, its economy shattered, increasingly looks like a powder keg as its parliamentary elections draw near.

  • Supporters of Venezuelan President Hugo Chavez hold an allusive poster while gathering in front of the Military Hospital in Caracas on March 5, 2013, after knowing of their leader's death.

    The movement called "The Beautiful Revolution" is ailing ahead of Dec. 6 legislative elections — including in Sabaneta, Hugo Chavez's hometown.

  • A technician takes a sample of crude oil from a well operated by Venezuela's state-owned oil company in Morichal, Venezuela.

    Despite its oil revenues, Venezuela's economic and fiscal situations are in free fall. Learn why here.

  • Jim Cramer on "Squawk on the Street."

    A change in Venezuela's foreign exchange system will likely boost these stocks, CNBC's Jim Cramer said Monday.