Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.» Read More
CARACAS, Nov 19- Venezuela's socialist government said on Tuesday it was fining the local subsidiary of General Motors nearly $85,000 for allegedly selling spare parts at exorbitant prices.
BUENOS AIRES, Nov 19- President Cristina Fernandez's new Cabinet picks confirmed a deepening of Argentina's left-leaning economic model rather than a policy switch needed to confront escalating inflation and dwindling foreign currency reserves.
BUENOS AIRES, Nov 18- Argentine President Cristina Fernandez burst back on the scene on Monday after a five-week absence following surgery to treat a head injury, naming as economy minister the government's point man in its 2012 seizure of the country's biggest oil company.
CARACAS, Nov 14- Venezuela's socialist government has arrested more than 100 "bourgeois" businessmen in a crackdown on alleged price-gouging at hundreds of shops and companies since the weekend, President Nicolas Maduro said on Thursday.
CARACAS, Nov 14- President Nicolas Maduro has promised to step up a pre-election "economic offensive" that has resulted in inspections of hundreds of Venezuelan businesses for price gouging and caused crowds to flock to shops to take advantage of state-ordered discounts.
CARACAS, Nov 14- President Nicolas Maduro has promised to step up a pre-election "economic offensive" that has seen hundreds of Venezuelan businesses inspected for price gouging and crowds flocking to shops to take advantage of state-ordered discounts.
CARACAS, Nov 13- Venezuelan state oil company PDVSA announced on Wednesday a $4.5 billion bond sale, accelerating a steep rise in borrowing over the last year with its second-largest issue that will finance operating expenses rather than investments.
CARACAS, Nov 12- Venezuelan bonds dropped sharply on Tuesday after President Nicolas Maduro ordered a military takeover of an electronics chain and authorities arrested dozens of people for purported price gouging.
GUATEMALA CITY, Nov 4- Guatemala has withdrawn from the Venezuelan-led Petrocaribe oil alliance after the Central American nation failed to negotiate favorable rates for purchases and financing, a vice-presidential spokesperson said on Monday.
HOUSTON/ CARACAS, Nov 4- Venezuela is in the process of seizing oil equipment owned by Houston- based Superior Energy Services, a company spokesman said on Monday, after state-run PDVSA failed to pay debts owed to the U.S. company. In recent years, Venezuela has seized assets of contractors after they halted work to demand PDVSA pay past due bills.
CARACAS, Oct 22- Venezuela's government on Tuesday proposed a 2014 budget based on steady economic growth and inflation slowing to around half the current rate, but the upbeat forecast contrasts with the country's current predicament of soaring prices and frequent shortages of consumer staples.
CARACAS, Oct 14- Venezuela and Guyana will meet on Thursday to resolve the fate of a ship and crew hired by a U.S. oil exploration firm that Venezuela seized in waters disputed for more than a century by the South American neighbors.
CARACAS, Oct 14- Venezuela's and Guyana's foreign ministers will meet on Thursday to seek a negotiated solution to the detention of a ship used by a U.S. oil exploration firm in waters disputed for more than a century by the South American neighbors, Venezuela said.
CARACAS, Oct 10- Venezuela raised the amount of dollars to be auctioned by the central bank to local businesses via a complementary foreign exchange system, and the president said on Thursday that such sales could now be held every week. Maduro said on state TV he had approved $900 million for the auctions, $100 million of which would be available immediately.
CARACAS, Oct 10- Venezuelan President Nicolas Maduro said on Thursday the central bank could sharply increase the amount of dollars it offers at auction if lack of hard currency for businesses continues to cause economic problems next year.
CARACAS, Oct 6- Opposition leader Henrique Capriles accused Venezuela's "incompetent" President Nicolas Maduro on Sunday of bankrupting the nation in an increasingly radical blame-game over the OPEC member's economic distortions. Since late socialist leader Hugo Chavez died of cancer in February, the economy has joined crime as Venezuelans' top concerns.
CARACAS, Oct 5- President Nicolas Maduro's government plans to use fingerprint machines at airports to try to root out no-shows who buy tickets to scam travel-related currency controls without even flying, in the latest symptom of Venezuela's economic chaos.
*Lukoil set to join other companies leaving Venezuela. *Analysts say political risks in Venezuela are high. ASTRAKHAN, Russia, Oct 2- Lukoil, Russia's second-biggest oil producer, wants to sell its stake in a Russian consortium developing a large oil project in Venezuela because it is not a high priority, Lukoil's head said on Wednesday.
*Lukoil set to join other companies fleeing Venezuela. *Analysts say political risks in Venezuela are high. MOSCOW, Oct 2- Russia's No.2 crude oil producer Lukoil plans to leave a Russian consortium developing a large oil project in Venezuela, a source close to the company told Reuters on Wednesday after a report in Kommersant daily.
CARACAS, Oct 1- Venezuela's efforts to put hard currency in the hands of dollar-starved businesses, to ease embarrassing shortages of consumer goods, are instead drawing complaints from trade groups who say they have no idea where the money has gone.