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Hugo Chavez

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  • CARACAS, Sept 30- Venezuela has kept its economic growth figures under wraps this year but empty store shelves, closed factory gates and idled construction projects tell their own story- the economy is contracting and some sectors are in deep trouble. Fedecamaras estimates the OPEC nation's economy has contracted 4 percent so far this year.

  • HOUSTON, Sept 30- The World Bank arbitration tribunal will give its final award ruling this week on a multibillion- dollar claim by Exxon Mobil Corp against Venezuela over the 2007 nationalization of two oil projects, legal sources said on Tuesday.

  • HAVANA, Sept 27- Cuba has aborted plans to develop fragrances in honor of the late revolutionary hero Ernesto "Che" Guevara and former Venezuelan President Hugo Chavez, calling the project disrespectful of two "sacred" revolutionary symbols.

  • Cuban cologne creators to face punishment Saturday, 27 Sep 2014 | 11:07 AM ET

    HAVANA— Cuba will punish state employees who created two colognes named for Ernesto "Che" Guevara and late Venezuelan President Hugo Chavez, the government announced Saturday, swiftly quashing plans to market the fragrances honoring the leftist icons.

  • CARACAS, Sept 26- Venezuela's bolivar currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a website that tracks it.

  • CARACAS, Sept 26- Venezuela's famed models and aspiring beauty queens are struggling to doll themselves up as shortages turn eye shadow and breast implants into coveted luxuries. "I exhaust myself visiting pharmacies, I look everywhere for makeup," said Ileanne Davila, a 19 year-old civil engineering student and model.

  • Business Highlights Thursday, 25 Sep 2014 | 5:59 PM ET

    Prices at the pump head below $3 in much of US. The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. The gap is 20 cents or more in seven states, including California, Kansas, South Dakota and Connecticut, according to AAA.

  • 'Eau de Revolution': Cuba scents honor Che, Chavez Thursday, 25 Sep 2014 | 12:03 AM ET

    Formulated by a French company and produced in Cuba, the men's colognes are being presented this week at a Labiofam convention in Havana. But Labiofam is developing more attractive bottles and labels with hopes of putting the colognes on sale in Cuba and internationally, Gonzalez said.

  • CARACAS, Sept 23- Venezuelan President Nicolas Maduro said state oil company PDVSA's U.S. unit, Citgo Petroleum Corp, will continue a welfare project in the United States begun by his predecessor, Hugo Chavez.

  • Clorox exits Venezuela citing govt restrictions Monday, 22 Sep 2014 | 9:13 AM ET

    OAKLAND, Calif.— Clorox is shutting down all operations in Venezuela, citing restrictions by the government, supply disruptions and economic uncertainty.

  • HOUSTON, Sept 22- The fast-changing nature of crude oil flows in the Americas means only one of three Citgo refineries in the United States will generate keen interest among buyers as Venezuela's cash-strapped state-run PDVSA looks to sell its U.S. unit, and it may fetch less money than hoped, experts say.

  • CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.

  • CARACAS, Sept 11- Venezuela said on Thursday it would extend an overnight closure of its border with neighboring Colombia for another three months in a campaign to stop widespread fuel and food smuggling. Venezuela's gasoline is the cheapest in the world at less than two U.S. cents per liter.

  • CARACAS, Sept 11- Venezuela said on Thursday it would extend an overnight closure of its border with neighboring Colombia for another three months in a campaign to stop widespread fuel and food smuggling.

  • CARACAS, Sept 11- President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month.

  • CARACAS, Sept 10- President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month.

  • CARACAS, Sept 3- President Nicolas Maduro has reshuffled his cabinet in a bid to boost his popularity but shows no sign of revamping Venezuela's troubled economy, meaning prospects of gasoline price hikes and a unification of Byzantine currency controls have dimmed.

  • CARACAS, Sept 3- Venezuelan President Nicolas Maduro has reshuffled his cabinet in a bid to boost his popularity but shows no sign of revamping the troubled economy, meaning prospects of gasoline price hikes and a unification of Byzantine currency controls have dimmed.

  • CARACAS, Sept 2- Venezuelan President Nicolas Maduro on Tuesday pushed Rafael Ramirez from his twin posts as oil minister and a chief of state oil firm PDVSA in a cabinet shake-up that opposition critics said fell short of the overhaul needed to reverse the OPEC nation's economic decline.

  • CARACAS, Sept 2- Venezuelan President Nicolas Maduro on Tuesday named geophysicist Eulegio Del Pino to lead state oil company PDVSA, pushing oil czar Rafael Ramirez from a job he had held for a decade. Asdrubal Chavez, cousin of the late president Hugo Chavez, also replaced Ramirez as oil and mining minister.