Politics Hugo Chavez

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  • CARACAS, Dec 7- Ecstatic opposition leaders vowed on Monday to use their new majority in Venezuela's legislature to free jailed opponents of the Socialist government but also said they would not move to dismantle popular welfare policies. The Democratic Unity coalition won more than twice the number of National Assembly seats as the Socialists in Sunday's...

  • CARACAS, Dec 7- Ecstatic opposition leaders vowed on Monday to use their new majority in Venezuela's legislature to free jailed opponents of the Socialist government but also said they would not move to dismantle popular welfare policies. The opposition Democratic Unity coalition won more than twice the number of National Assembly seats as the Socialists...

  • CARACAS, Dec 7- Ecstatic opposition leaders vowed on Monday to use their new majority in Venezuela's legislature to free jailed opponents of the Socialist government but also said they would not move to dismantle popular welfare policies. The opposition Democratic Unity coalition won more than twice the number of National Assembly seats as the Socialists...

  • CARACAS, Dec 6- Venezuela's opposition trounced the ruling Socialists on Sunday to win the legislature for the first time in 16 years and gain a long-sought platform to challenge President Nicolas Maduro's rule of the OPEC nation. Opposition leaders, who have lost over-and-over since Chavez's first election victory 17 years ago, were jubilant, even though...

  • CARACAS, Dec 6- Venezuela's opposition won control of the legislature from the ruling Socialists for the first time in 16 years on Sunday, giving it a long-sought platform to challenge President Nicolas Maduro. The opposition Democratic Unity coalition won 99 seats to the Socialists' 46 in the 167- national National Assembly, the election board said, with some...

  • CARACAS, Dec 6- Venezuela's opposition won control of the legislature from the ruling Socialists for the first time in 16 years on Sunday, giving them a long-sought platform to challenge President Nicolas Maduro. Election board head Tibisay Lucena said the opposition Democratic Unity coalition won 99 seats to the Socialists' 46 in the 167- national National...

  • Opposition leader Henrique Capriles, prominent rights activist Lilian Tintori and another opposition leader who asked not to be identified said the Democratic Unity coalition had gained a majority in the 167- member National Assembly. The National Electoral Council was yet to give official results, however, and there was no word from the headquarters of...

  • CARACAS, Dec 1- Venezuelan President Nicolas Maduro's popularity has jumped in the run-up to Sunday's crucial legislative election, but probably not enough to prevent an opposition victory, a new survey by a leading pollster said. Thanks to public ire with a brutal economic crisis caused by dysfunctional controls and the oil price plunge, the opposition has...

  • *Ukraine, Venezuela, Argentina 2015 top global performers. LONDON, Nov 30- Labelled the emerging market "toxic trio" until not so long ago, the high-yielding bonds of Ukraine, Argentina and Venezuela have come up smelling of roses for those who were brave enough to buy into them at the start of the year. Ukraine's debt restructuring, pro-business Maurico Macri's...

  • SABANETA, Venezuela, Nov 27- In 2010, late socialist leader Hugo Chavez knelt down in the backyard of his childhood home in Venezuela's lush plains to plant an orange tree named' revolution' as red-shirted supporters cheered and cameras flashed. Just like its botanical namesake, the movement Chavez called "The Beautiful Revolution" is ailing ahead of Dec. 6...

  • CARACAS, Oct 23- Venezuela's Central Bank filed a lawsuit on Friday with allegations of "cyber-terrorism" against a U.S.-based website that tracks the OPEC member's currency black market. The lawsuit, in the U.S. District Court for the District of Delaware, named three Venezuelans in the United States as being behind the site: Gustavo Diaz, Ivan Lozada and Jose...

  • CARACAS, Oct 20- President Nicolas Maduro's government predicted on Tuesday that Venezuela's inflation, already the world's highest, would be 85 percent in 2015 and 60 percent next year. Critics say Venezuela's runaway price rises- together with product shortages and a shrinking economy- are evidence of a failed socialist model of price and currency controls...

  • CARACAS, Sept 1- Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said. A source at Venezuelan state-run oil company PDVSA told Reuters in March that China was set to extend a "special" $5 billion loan that would likely stipulate hiring Chinese companies to...

  • BEIJING, Sept 1- Chinese President Xi Jinping told visiting Venezuelan President Nicolas Maduro on Tuesday that China was willing to look at new areas of financial cooperation, but state media made no mention of specifics. China was also willing to help Venezuela raise its manufacturing ability, Xi added. Venezuela has borrowed $50 billion from China through...

  • CARACAS, Aug 28- Venezuelan President Nicolas Maduro on Friday said he will visit China and Vietnam to sign economic and financing deals, as the OPEC nation struggles to make ends meet at a time of low oil prices. "I leave tomorrow for Vietnam and China to seal agreements for the economic and financial security of Venezuela, and to seek support in these difficult...

  • CARACAS, Aug 18- The head of Venezuelan state oil company PDVSA, Eulogio Del Pino, was tapped on Tuesday to run the OPEC country's Oil Ministry. Del Pino, who will remain at the helm of PDVSA, will take over leadership of the ministry from Asdrubal Chavez to allow Chavez to run for parliament in December's key election. Venezuela's oil minister is usually head of the...

  • Venezuela inflation tops 57 percent amid protests Friday, 14 Mar 2014 | 3:30 PM ET
    A Venezuelan student throws a molotov cocktail to riot police during a protest against the government of President Nicolas Maduro, in Caracas on March 12, 2014.

    Venezuela's annual inflation rate rose as violent opposition demonstrations during the month disrupted the economy.

  • Watch out: This president may be deposed next Monday, 24 Feb 2014 | 10:42 AM ET

    Following the ouster of Viktor Yanukovych in Ukraine this weekend, Venezuela may be next to depose its president, analysts warned on Monday.

  • Venezuela after Chavez: An economy on the verge Tuesday, 26 Nov 2013 | 8:00 AM ET
    People line up outside an electrical appliances store in Caracas.

    Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.

  • Punch-Up in Parliament; Venezuelan Lawmakers Hurt Wednesday, 1 May 2013 | 2:48 AM ET

    Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.