In Venezuela's asphyxiating economy, PDVSA employees are struggling to pay for everything from food and bus rides to school fees.
MARACAIBO, Venezuela, Oct 5- For decades, jobs at Venezuela's state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for many workers. Now, in Venezuela's asphyxiating economy, even PDVSA employees are struggling to pay for everything from food and...
CARACAS, Sept 5- Venezuelan President Nicolas Maduro has enlisted a Spanish academic he has hailed as the " Jesus Christ of economics" to help the South American country manage chronic product shortages. Alfredo Serrano is the only foreigner to form part of the Superior Organ of the Grand Mission of Sovereign Supply, a group of civilians and military officers...
Venezuela issued a decree that "effectively amounts to forced labor" in an attempt to stabilize a food shortage, says an Amnesty International report.
As his country's economy implodes around him, Venezuelan strongman Nicolas Maduro has resorted to what may be a last-ditch effort to stay in power.
Lufthansa has cancelled its flights to Venezuela in the latest sign of the country’s growing isolation and economic, social and political turmoil.
The opposition leader accuses President Nicolas Maduro of "putting himself above the constitution" by imposing emergency powers, the BBC reports.
Venezuela, its economy shattered, increasingly looks like a powder keg as its parliamentary elections draw near.
The movement called "The Beautiful Revolution" is ailing ahead of Dec. 6 legislative elections — including in Sabaneta, Hugo Chavez's hometown.
Despite its oil revenues, Venezuela's economic and fiscal situations are in free fall. Learn why here.
A change in Venezuela's foreign exchange system will likely boost these stocks, CNBC's Jim Cramer said Monday.
Venezuela's annual inflation rate rose as violent opposition demonstrations during the month disrupted the economy.
Following the ouster of Viktor Yanukovych in Ukraine this weekend, Venezuela may be next to depose its president, analysts warned on Monday.
Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.
Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.
Alfredo Toro Hardy, Venezuela's Ambassador to Singapore, explains the Latin American country's electronic electoral process and says the results are "fair, clear and straight.
After Hugo Chavez's anointed heir secured a razor-thin victory in Venezuela's presidential election on Sunday, one analyst questioned how much longer Chavez's socialist policies will survive.
Nicolas Maduro squeezed out a small-margin victory in Venezuela's presidential elections Sunday, securing the ruling socialist party's control over the oil-rich nation through 2019.
James Lockhart-Smith, head of Latin America at Maplecroft, tells CNBC that the Venezuelan economy will continue to struggle after the elections.