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Hugo Chavez

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  • SANTO DOMINGO, Jan 30- The Dominican Republic paid $1.93 billion to satisfy a $4 billion debt to PDVSA, Venezuela's state oil company, using the proceeds of a bond sale after negotiations with the PetroCaribe oil program, a Dominican official said late Thursday. During a press conference at the government palace, Minister of Finance Simon Lizardo said the...

  • CARACAS, Jan 22- Venezuelan bond prices edged down on Thursday while opponents savaged economic changes by President Nicolas Maduro that included a seeming devaluation of the currency and an imminent rise in domestic gasoline prices. Under pressure over the OPEC member's recession, product shortages and plunging oil revenues, Maduro has opted to keep a...

  • CARACAS, Jan 22- Venezuelan bonds edged down on Thursday while opponents lampooned economic changes by President Nicolas Maduro that included a seeming devaluation of the currency and an imminent rise in domestic gasoline prices. Under pressure over the OPEC member's recession, product shortages and plunging oil revenues, Maduro has opted to keep a complex...

  • The socialist-run OPEC member's economy shrank 2.8 percent in 2014 while inflation topped 64 percent, the socialist leader announced in a speech to parliament, in what is almost certainly the worst performance in Latin America. With oil prices down by more than half since mid-2014, Venezuela's economic mess has hit Maduro's popularity hard and threatened...

  • With oil prices down by more than half since mid-2014, Venezuela's economic mess has hit Maduro's popularity hard and threatened the future of the ruling "Chavismo" movement named for his charismatic predecessor Hugo Chavez. The 52- year-old Maduro blamed political foes for Venezuela's dismal economic data, but he also announced the most concrete changes in...

  • CARACAS, Jan 21- OPEC member Venezuela's recession-hit economy shrunk 2.8 percent in 2014 while inflation topped 64 percent, President Nicolas Maduro said on Wednesday, in almost certainly the worst performance in Latin America. In his annual address to parliament, the 52- year-old successor to Hugo Chavez blamed political foes and an "economic war" for...

  • CARACAS, Jan 21- President Nicolas Maduro was set to make announcements on Venezuela's economy in his annual speech to parliament on Wednesday, after several delays to promised measures to shore up the recession-hit OPEC country. Economists guess Venezuela may devalue its bolivar currency, since Maduro has spoken about making unspecified changes to the...

  • CARACAS, Jan 21- President Nicolas Maduro was set to make announcements on Venezuela's economy in his annual speech to parliament later on Wednesday, after several delays to promised measures to shore up the recession-hit OPEC country. Economists guess Venezuela may devalue its bolivar currency. From early December, Maduro has said various times he was...

  • CARACAS, Jan 21- There's a booming new profession in Venezuela: standing in line. As Venezuela's ailing economy spawns unprecedented shortages of basic goods, panic-buying and a rush to snap up subsidized food, demand is high and the pay is reasonable. Unemployed until he tried his new career late last year, Luis earns about 600 bolivars, a whopping $95 at...

  • SAN CRISTOBAL, Jan 16- Masked youths are once again blocking streets and burning tires in the Venezuelan city of San Cristobal, the epicenter of last year's massive anti-government protests. The groups are small and the unrest contained, but dissent is rising in this volatile Andean city, a barometer of frustration with nationwide shortages that are putting...

  • The forum, which also marked the first time China hosted the body, came at a time when Beijing is trying to step up its presence in the region as it clamours for more resources. Xi said in a speech that two-way trade between China and Latin America was estimated to rise to $500 billion within the next 10 years. "I believe that this meeting will achieve fruitful results,...

  • Venezuela after Chavez: An economy on the verge Tuesday, 26 Nov 2013 | 8:00 AM ET
    People line up outside an electrical appliances store in Caracas.

    Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.

  • 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.

  • Top Real Estate Guys Do Not Waver on Investing Monday, 29 Apr 2013 | 5:39 PM ET
    Sam Zell

    Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.

  • Venezuela Election Results Fair: Ambassador Monday, 15 Apr 2013 | 9:45 PM ET

    Alfredo Toro Hardy, Venezuela's Ambassador to Singapore, explains the Latin American country's electronic electoral process and says the results are "fair, clear and straight.

  • Venezuela Stalemate Shows Shaky Future for Chavismo Monday, 15 Apr 2013 | 12:24 PM ET

    After Hugo Chavez's anointed heir secured a razor-thin victory in Venezuela's presidential election on Sunday, one analyst questioned how much longer Chavez's socialist policies will survive.

  • Maduro Wins Venezuela's Election With 51% of Votes Sunday, 14 Apr 2013 | 9:58 PM ET

    Nicolas Maduro squeezed out a small-margin victory in Venezuela's presidential elections Sunday, securing the ruling socialist party's control over the oil-rich nation through 2019.

  • Business as Usual in Venezuela: Expert Friday, 12 Apr 2013 | 11:40 AM ET
    Business as Usual in Venezuela: Expert

    James Lockhart-Smith, head of Latin America at Maplecroft, tells CNBC that the Venezuelan economy will continue to struggle after the elections.

  • The Chavez Conspiracy? Wednesday, 13 Mar 2013 | 4:45 PM ET
    The Chavez Conspiracy?

    The Venezuelan government has announced it will conduct a formal inquiry into whether deceased president Hugo Chavez was "inoculated" with cancer. Risa Grais-Targow, Eurasia Group Latin America Analyst, provides perspective on how this might impact oil

  • venezuela chavez--1896683964_v2.jpg

    At least two dozen heads of state were due to attend Hugo Chavez's funeral on Friday during an outpouring of grief for the charismatic but divisive Venezuelan leader who changed the face of politics in South America.