Politics Hugo Chavez

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  • CARACAS, Feb 17- Venezuelan President Nicolas Maduro on Wednesday devalued the currency and raised heavily subsidized fuel prices in an effort to stem a widening economic crisis, though critics of the socialist leader quickly dismissed the moves as insufficient. The measures are meant to help shore up OPEC nation's finances as plummeting oil prices and a...

  • CARACAS, Feb 17- Venezuelan President Nicolas Maduro on Wednesday said his government is raising prices heavily subsidized fuel for the first time in around 20 years, as part of a broader set of economic measures in the OPEC country, which faces a biting recession. Raging inflation and the bolivar currency's steep depreciation on the black market have made...

  • CARACAS, Feb 16- Venezuela's new economy czar is a former business leader who openly admires the country's socialist policies but recognizes the need for market reforms, potentially bringing a dose of pragmatism to government policy amid an economic crisis. Perez, who has served as a liaison between industry leaders and the leftist Socialist Party, has voiced...

  • CARACAS, Jan 29- Venezuela's opposition must define within weeks its strategy for ending Nicolas Maduro's presidency given the OPEC nation's "monstrous" economic crisis, opposition leader Henrique Capriles believes. Having won control of the National Assembly last month due to voter ire at Venezuela's punishing recession, the opposition coalition has...

  • CARACAS, Jan 26- President Nicolas Maduro is unlikely to complete his six-year term, and could even be replaced this year, as Venezuela's economic crisis worsens, the head of the new opposition-led congress said on Tuesday. Voter anger over the crisis propelled Venezuela's opposition last month to win a majority in the legislature, where it is piling pressure on...

  • CARACAS, Jan 22- Venezuela's opposition said on Friday it would not approve President Nicolas Maduro's "economic emergency" decree in congress as it did not offer solutions for the OPEC nation's increasingly disastrous recession. Underlying the grave situation in Venezuela- where the oil price plunge has compounded dysfunctional policies- the...

  • CARACAS, Jan 20- With scores of medicines in short supply due to a severe financial squeeze, Venezuela is suffering a "humanitarian crisis" and requires rapid international assistance, according to a major pharmaceutical association. The Venezuelan Pharmaceutical Federation listed 150 medicines, from those for hypertension to cancer, as well as basics such...

  • BOCA DEL GRITA, Venezuela, Jan 20- Clutching egg cartons on his shoulder, a young man wades precariously through a muddy river on Venezuela's western jungle border where a Colombian shopkeeper will happily buy them up. In neighboring Guyana, miners and police officers drive vehicles fueled by contraband gasoline from Venezuela. Driven by a deepening economic...

  • LONDON/ HOUSTON, Jan 18- An agreement to build oil tankers in Iran for Venezuela has been left in limbo years after it was announced as Western sanctions plus disagreements over payments and delivery terms took their toll, sources familiar with the matter say. The deal was heralded in 2006 with much fanfare by Tehran and the socialist government of...

  • CARACAS, Jan 15- Venezuela's socialist government decreed an "economic emergency" on Friday that will expand its powers and published the first data in a year that shows the depth of a recession fueled by low oil prices and a sputtering state-led model. Venezuela's oil-dependent economy is forecast to perform abysmally again in 2016. Maduro lost control of the...

  • CARACAS, Jan 15- Venezuela's socialist government decreed an "economic emergency" on Friday and published the first data in a year showing the depth of a recession fueled by low oil prices and a sputtering state-led model. Venezuela's oil-dependent economy is again forecast to perform abysmally in 2016. Maduro lost control of the National Assembly in a...

  • CARACAS, Jan 15- Venezuelan President Nicolas Maduro's socialist government decreed on Friday a 60- day "economic emergency" for the recession-hit OPEC nation reeling from low oil prices and a sputtering state-led economic model. In data released on Friday, the central bank said Venezuela's annualized inflation at the end of the third quarter in 2015 was...

  • CARACAS, Jan 6- President Nicolas Maduro named a hardline sociologist on Wednesday to steer Venezuela's economy during an acute recession that is battering the OPEC nation and has cost the ruling Socialists' control of congress. In a major cabinet reshuffle, the president appointed Luis Salas, 39, a professor at the Bolivarian University of Venezuela created...

  • CARACAS, Jan 6- Venezuelan President Nicolas Maduro named two university academics to major economic posts in a Cabinet reshuffle on Wednesday that came as a showdown intensified between his government and a new opposition-led legislature. In a lengthy speech to the nation, the socialist leader named Rodolfo Medina as finance minister and Luis Salas to head...

  • ASUNCION, Dec 21- Argentine President Mauricio Macri started his second week in office by asking regional trade bloc Mercosur to back his appeal for the freedom of jailed opposition leaders in Venezuela. "I ask for the prompt liberation of political prisoners in Venezuela," Macri said in addressing a Mercosur meeting on Monday in the outskirts of the Paraguayan...

  • CARACAS, Dec 20- Employees at a Pepsi-Cola Venezuela plant have been freed by the government, which had detained them for halting operations for lack of raw materials, Empresas Polar, owner of the local Pepsi division, said late on Sunday. President Nicolas Maduro routinely accuses Polar, the country's largest food and beverage producer, of slowing production or...

  • NEW YORK, Dec 17- Two nephews of Venezuela's powerful first lady pleaded not guilty on Thursday to U.S. charges that they conspired to import cocaine into the United States. According to a U.S. law enforcement source, the two nephews met a U.S. Drug Enforcement Administration informant in Honduras in October and asked for help sending 800 kilograms of cocaine to...

  • CARACAS, Dec 17- Venezuela's government must calm its rhetoric and make pragmatic fixes to an ailing economy after losing the legislature to the opposition for the first time in 16 years, a former senior aide to President Nicolas Maduro said in an interview. And the opposition should not be overconfident, given the Socialists still won more than 40 percent of...

  • CARACAS, Dec 8- Venezuelan President Nicolas Maduro announced an imminent cabinet reshuffle on Tuesday after his ruling Socialist Party was crushed in legislative elections, but he vowed to veto opposition plans for an amnesty law for jailed politicians. The government was stunned by Sunday's elections, winning just 55 seats against the opposition's 112...

  • CARACAS, Dec 8- Venezuela's opposition on Tuesday urged leftist President Nicolas Maduro to stop making excuses for his candidates' defeat in legislative elections and instead urgently tackle food shortages and free jailed politicians. Shortages are particularly bad for the poor and beyond capital Caracas, with shoppers lining up for hours under the sun...