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Hugo Chavez

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  • HOUSTON/ CARACAS, Aug 21- Venezuela's shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former President Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout.

  • HOUSTON/ CARACAS, Aug 21- Venezuela's shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former President Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout.

  • FACTBOX-Venezuelan energy accords driven by Hugo Chavez Thursday, 21 Aug 2014 | 11:08 AM ET

    HOUSTON, Aug 21- Venezuela signed numerous energy deals during former President Hugo Chavez's 14 years in power, allowing countries in the Caribbean, Central America and other regions to receive oil on favorable financial terms.

  • VALENCIA, Venezuela, Aug 8- Though it is the middle of the work day, the Jeep assembly plant in the central Venezuelan city of Valencia is empty, the machinery still. "They are asking to fire 119 workers," union leader Henry Ospina, who represents employees of Chrysler, which makes Jeeps, told Reuters in Valencia.

  • BOGOTA, Aug 2- Venezuela and Colombia have agreed to create a special exchange rate to boost plummeting bilateral trade between the two Andean countries, their presidents said.

  • Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy. "It's not just damage to Argentina. Regional heavyweight Brazil also backed Argentina.

  • Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy.

  • CARACAS, July 21- China will provide Venezuela with a new $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela. The deal was inked during a 24- hour visit to Venezuela by Chinese President Xi Jinping, who is on a tour of Latin America.

  • China provides $4 billion credit line to Venezuela Monday, 21 Jul 2014 | 2:14 PM ET

    CARACAS, July 21- China will provide Venezuela with a $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela. The deal was inked during a 24- hour visit to Venezuela by Chinese President Xi Jinping, who is on a tour of Latin America.

  • CARACAS, July 5- The owners of Venezuelan daily newspaper El Universal said on Saturday they had sold a controlling stake of the company to a little-known Spanish investment firm, Epalisticia, marking the third sale of a major media group in Venezuela since last year.

  • CARACAS, June 18- Venezuela's former planning minister, who helped the late president Hugo Chavez forge the country's state-driven economic model, has excoriated current president Nicholas Maduro as a weak leader who is straying from socialism, according to a widely circulated document.

  • LONDON, June 16- Venezuela wants to increase oil supplies to the United States to regain some of the market share it lost over the past decade as Caracas sees the U.S. boom in light oil from shale as a chance to raise heavy-crude exports, the country's oil minister said.

  • CARACAS, June 14- Venezuela is seeking to consolidate its three-tiered exchange rate system and refinance debt to improve maturity profiles, the economy vice president said in a statement on Saturday, underlining efforts to shore up the country's troubled finances.

  • CARACAS, June 13- Venezuela's inflation soaring above 60 percent has boosted pressure on President Nicolas Maduro to speed up a transition toward a market-driven economy as the OPEC nation's model of state-controlled socialism heads toward stagflation.

  • CARACAS, May 20- Mediators from the Union of South American States urged Venezuela's government and opposition back to the negotiating table on Tuesday after failing to revive talks to stem months of protests in the polarized nation.

  • CARACAS, May 6- A World Bank panel said on Tuesday it has rejected Venezuela's request to change the arbitrators reviewing a dispute over compensation sought by U.S. oil company ConocoPhillips for 2007 expropriations.

  • CATIA LA MAR, Venezuela, May 1- The neighborhood of El Chaparral began receiving cash from the Venezuelan government in 2005. The windfall came courtesy of the late socialist leader Hugo Chavez's plan to fight poverty by transferring billions of dollars in oil revenue to communities around the country.

  • CARACAS, May 2- President Nicolas Maduro is introducing a controversial shopping card intended to combat Venezuela's food shortages but decried by critics as a Cuban-style policy illustrating the failure of his socialist policies.

  • CARACAS, April 29- President Nicolas Maduro announced on Monday a 30 percent increase in the minimum wage and pensions to protect Venezuelans from inflation nearing a 60 percent annual rate.

  • CARACAS, April 29- President Nicolas Maduro announced on Monday a 30 percent increase in the minimum wage and pensions to protect Venezuelans from inflation nearing a 60 percent annual rate.