Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.» Read More
CARACAS, Sept 25- Venezuelan President Nicolas Maduro on Wednesday said he was preparing legal action against Airbus due to a "serious fault" in his presidential jet following maintenance. After five months at Airbus in France- my God! " "With the help of an international law firm, we're preparing legal actions against Airbus of France.
CARACAS, Sept 25- Venezuelan President Nicolas Maduro on Wednesday said he was preparing legal action against Airbus due to a "serious fault" with the country's presidential jet following five months of maintenance by the plane maker. After five months at Airbus in France- my God! "
CARACAS, Sept 24- If you live in Venezuela and want to fly abroad, get in line. The airline scramble has added to shortages, power cuts and runaway prices as another symbol of the Byzantine economic challenges facing the new government of President Nicolas Maduro in the South American OPEC nation.
SAO JOSE DOS CAMPOS, Brazil, Sept 19- For decades Brazilian planemaker Embraer SA has kept its head down, shying away from larger aircraft in competition with industry giants that its executives called the "big dogs."
CARACAS, Sept 13- At least five Venezuelan newspapers have temporarily stopped publishing in recent weeks for lack of paper, the latest of a string of shortages that threaten to hurt the socialist government's popularity.
CARACAS, Sept 11- Venezuela said on Wednesday that U.S. oil company ConocoPhillips rejected its latest offer of compensation for the 2007 nationalization of oil projects and the South American country now seeks a new hearing on the matter with the World Bank.
CARACAS, Sept 10- Venezuela's annual inflation rate hit 45.4 percent in August, the central bank said on Tuesday, the highest for the OPEC nation in five years, even as consumer price increases slowed from the previous month.
HOUSTON/ CARACAS, Sept 10- Malaysian oil company Petronas said it is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt, after what sources close to the venture and within the firm said were disagreements with Venezuelan authorities and state-run PDVSA.
CARACAS, Sept 9- Venezuela may relaunch its so-called "permuta" foreign exchange mechanism as it seeks to supply more dollars to local importers who are complaining about lack of access to hard currency, President Nicolas Maduro said on Monday. Venezuela has enough dollars for the economy to work. "
HOUSTON/ CARACAS, Sept 9- Malaysian oil company Petronas is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt after disagreements with state-run PDVSA, sources close to the venture told Reuters. Its other partners are Spain's Repsol, India's ONGC and two small Indian firms.
CARACAS, Sept 8- An official investigation into a 2012 explosion at Venezuela's largest refinery Amuay has concluded sabotage was to blame for one of the global oil industry's deadliest accidents, the OPEC nation's oil minister said on Sunday.
*Chaos in Caracas during one of nation's worst outages. CARACAS, Sept 5- One of the worst power outages in Venezuelan history has given a jolt to President Nicolas Maduro's government and revived opposition accusations that its socialist policies and incompetence are wrecking the country.
HOUSTON/ CARACAS, Sept 4- Venezuela failed to act in good faith or properly compensate ConocoPhillips for three big oil assets the country expropriated in 2007, a World Bank arbitration panel said on Wednesday.
HOUSTON, Sept 4- A World Bank arbitration panel said on Wednesday that Venezuela failed to act in good faith or pay ConocoPhillips for three big oil assets the country seized in 2007..
CARACAS, Aug 18- Venezuelan politicians traded insults over the weekend with a showdown looming in the National Assembly over President Nicolas Maduro's plans to ask for fast-track decree powers he says he needs to combat corruption.
CARACAS, Aug 14- When even Venezuela's most famous topless model complains on Twitter that the government is too soft on corruption, it could be time for President Nicolas Maduro to sit up and take action.
CARACAS, Aug 13- Venezuelan President Nicolas Maduro unexpectedly named a new head of the country's central bank on Tuesday, appointing Eudomar Tovar to the job less than four months after installing a former commerce minister in the post.
CARACAS, July 16- Venezuelan legislators voted on Tuesday to raise the country's debt ceiling for this year by 65 percent in a move the government hopes will fuel economic activity after growth slowed sharply during the first quarter.
CARACAS, July 9- Venezuela's June inflation slowed from the previous month to 4.7 percent, the central bank said on Tuesday, but the annualized rate soared to 39.6 percent following a currency devaluation and heavy state spending last year.
MANAGUA, June 29- Delegations from over a dozen countries that are members of the Venezuelan-led oil alliance Petrocaribe agreed on Saturday to adopt a framework for promoting trade within the block.