Politics Hugo Chavez

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  • 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...

  • Thousands of people cheered Obama's motorcade as it made its way along Buenos Aires' tree-lined boulevards, handing the U.S. leader a friendlier reception than his predecessor George W. Bush, whose presence at a Summit of the Americas in 2005 was met with protests and snubbed by the-then President Nestor Kirchner. Obama's visit represents "a 180 degree turn in...

  • CARACAS, March 22- Venezuela exported about 443 million Swiss francs worth of gold to Switzerland in February, data showed on Tuesday, as the South American country's central bank carried out swaps to receive cash due to a biting economic crisis. Details of the data published by the Swiss customs bureau were not immediately clear, though Venezuela's central...

  • CARACAS, March 8- Venezuela's opposition alliance launched a campaign on Tuesday to oust President Nicolas Maduro, vowing to hold protest rallies and push for both a recall referendum and constitutional amendment to end his presidency. Hungry for power after 17 years of socialist rule begun by the late Hugo Chavez, Venezuela's opposition capitalized on...

  • CARACAS, March 8- Venezuela's opposition alliance launched a campaign on Tuesday to oust President Nicolas Maduro, vowing to hold protest rallies and push for both a recall referendum and constitutional amendment to end his presidency. Hungry for power after 17 years of socialist rule begun by the late Hugo Chavez, Venezuela's opposition capitalized on...

  • CARACAS, March 3- Venezuela's opposition huddled on Thursday to choose a mechanism to try and oust socialist President Nicolas Maduro, with a recall referendum, constitutional change or street campaign to demand his resignation among the options. Out of power for 17 years since the late socialist leader Hugo Chavez took power, the opposition won control of the...

  • BRASILIA, Feb 26- Brazilian political strategist Joao Santana earned his nickname' the maker of presidents' by guiding leftist leaders to power in Latin America and Africa, but his arrest this week could unmake his most important client, President Dilma Rousseff. The opposition hopes his arrest will reignite flagging support for their bid to unseat Rousseff by...

  • LA PAZ, Feb 24- Bolivian President Evo Morales acknowledged defeat in a referendum that would have cleared the way for him to run for a fourth term in 2019, saying in a speech on Wednesday that he would respect the decision of the people. Most polls ahead of the referendum suggested a narrow win was likely, given Morales' solid support among those who credit him with...

  • RIO DE JANEIRO, Feb 23- João Santana, the architect of Brazilian President Dilma Rousseff's 2010 and 2014 campaigns, landed in Brazil from the Dominican Republic on Tuesday and was taken in a police jet to the city of Curitiba, the epicenter of a massive corruption probe, his spokesman said. They said Santana also appeared to have received bribes in 2013 and 2014...

  • SAO PAULO/ RIO DE JANEIRO, Feb 22- Brazilian police said they issued an arrest warrant for President Dilma Rousseff's campaign manager on Monday, complicating her fight to survive an investigation into her re-election in 2014 and stave off impeachment by Congress. The investigation of campaigner Joao Santana, known as "the maker of presidents" in Latin America,...

  • SAO PAULO/ RIO DE JANEIRO, Feb 22- Federal investigators on Monday launched a round of arrests and raids targeting the manager of President Dilma Rousseff's election campaigns and Brazil's largest engineering group in the latest stage of the nation's biggest corruption probe. Prosecutors said in a statement they were also looking into possible bribes paid...

  • SAO PAULO/ RIO DE JANEIRO, Feb 22- Brazilian police on Monday launched a new round of arrests and seizures targeting both the manager of President Dilma Rousseff's successful election campaigns and the country's largest engineering group in the latest stage of nation's worst corruption probe, Globo TV reported. More than 300 officers are conducting searches...

  • CARACAS, Feb 19- Venezuela's 1989 fuel price hike helped spark riots that left hundreds dead, traumatized the country and spooked future presidents from touching the world's cheapest fuel. Yet the most significant rise since then hit pumps on Friday across the crisis-hit OPEC producer with barely a murmur. Venezuela's 91 octane gasoline now costs 1 bolivar...

  • 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...

  • 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.