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Hugo Chavez

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  • 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.

  • Venezuela to crush cars, bikes to build houses Tuesday, 29 Apr 2014 | 5:44 PM ET

    CARACAS, April 29- Venezuela said on Tuesday it would start crushing abandoned cars and bicycles to provide raw materials for housing construction and supplement drastically reduced amounts of local steel.

  • CARACAS, April 25- Venezuela's President Nicolas Maduro said on Friday that 16 people had been arrested in a new round of inspections to find alleged price gougers whom the socialist government blames for the worst inflation rate in the Americas.

  • CARACAS, April 23- Venezuelan President Nicolas Maduro offered the private sector access to financing via state investment funds during a meeting with business leaders on Wednesday meant to stimulate the struggling economy and ease historic tension with industry.

  • RIO DE JANEIRO, April 11- The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.

  • CARACAS, March 25- Investors see Venezuela's new free-floating foreign exchange system as an important step toward improving the country's stretched finances, but economists question whether it can provide enough dollars to kick-start the economy. Still, Venezuela's bonds rose on Tuesday, extending gains from Monday as the measures encouraged investors.

  • CARACAS, March 25- Venezuelan bonds rose on Tuesday on optimism that a new free-floating foreign exchange system would improve the government's stretched finances even as critics slammed the move as the biggest devaluation in the OPEC nation's history.

  • CARACAS, March 25- Venezuelan bonds rose again on Tuesday in a continued positive market reaction to a new free-floating foreign exchange system that offered dollars for eight times the official price at its opening session.

  • CARACAS, March 24- Venezuela launched a new free-floating foreign exchange system on Monday that offered dollars for eight times the official price in a move the government says will tame the black market but which critics see as a massive devaluation.

  • CARACAS, March 24- Venezuela launched a new free-floating foreign exchange system on Monday that offered dollars for eight times the official price in a move the government says will tame the black market but critics see as a massive devaluation.

  • CARACAS, March 24- Venezuela launched a new foreign exchange system on Monday that offered dollars at a rate near the black market level, participants said, in an effort to tame the illegal trade and boost flows to local businesses.

  • CARACAS, March 24- President Nicolas Maduro's government launched a new foreign exchange system on Monday, a long-awaited effort to tame Venezuela's black market for U.S. dollars and increase the flow of greenbacks to local businesses.

  • CARACAS, March 21- While hemophilia sufferer Sergio Tovar lay in agony for five days at a hospital in Venezuela, his friends and family scoured hospitals and pharmacies looking for life-saving drugs. Eventually a cousin, Jenny Sequeda, helped find a substitute for the protein coagulant Tovar needs for his blood condition.

  • MERIDA, Venezuela, March 18- An engineering student armed with a slingshot commands a barricade. This is Merida, the small university city in western Venezuela where students and faculty have spent more than a month protesting against socialist President Nicolas Maduro.

  • Venezuela cenbank head acknowledges economic "crisis" Sunday, 16 Mar 2014 | 11:24 AM ET

    CARACAS, March 16- Central Bank President Nelson Merentes acknowledged on Sunday that Venezuela was undergoing an "economic crisis" but said measures like a new market-based currency mechanism would help bring rapid improvements. "But Venezuela has the ability to get out of this moment which is not so good.

  • World Bank panel rejects Venezuela's appeal over Conoco Wednesday, 12 Mar 2014 | 11:08 PM ET

    CARACAS, March 12- A World Bank panel has rejected Venezuela's request for a new hearing to contest a 2013 partial ruling that it failed to act in good faith regarding negotiations to compensate U.S. oil company ConocoPhillips for expropriations. It also limited the scope of ConocoPhillips' claims by excluding future tax credits.

  • UPDATE 2-Venezuela inches toward new forex platform Tuesday, 11 Mar 2014 | 3:51 PM ET

    CARACAS, March 11- Venezuela unveiled new currency regulations on Tuesday to help usher in a new foreign exchange platform designed to ease dollar shortages, promising the much-delayed system would begin operations within hours. Officials say it will help lower the price of dollars on the black market, where greenbacks now fetch close to 80 bolivars.

  • CARACAS, March 7- Venezuela is renewing a $5 billion credit line with China that will be repaid in oil and other fuels and is negotiating a financing deal with Russia for an undisclosed sum, the country's economy vice president said on Friday.

  • CARACAS, March 5- Followers of the late Venezuelan leader Hugo Chavez took to the streets on Wednesday to mark the anniversary of his death, a sad but welcome distraction for his successor, who has faced a month of violent protests. "He changed Venezuela forever, and we cannot go back.

  • 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.