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Hugo Chavez

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  • JIQUITAIA, Brazil, Dec 1- They were heckled and called slaves of a communist state when they first landed, but in the poorest corners of Brazil the arrival of 5,400 Cuban doctors is being welcomed as a godsend.

  • CARACAS, Nov 30- Venezuela's government said on Saturday it was temporarily occupying the local subsidiary of multinational packaging company Smurfit Kappa, accusing the company of using its dominant position in the market to inflate prices.

  • CARACAS, Nov 29- Venezuela's President Nicolas Maduro said a stricter wave of inspections for suspected price-gouging would begin on Saturday in an aggressive pre-election "economic offensive" aimed at taming the highest inflation in the Americas. He says "capitalist parasites" are trying to wreck Venezuela's economy and force him from office.

  • CARACAS, Nov 29- Venezuela's President Nicolas Maduro said a stricter wave of inspections for suspected price-gouging would begin on Saturday in an aggressive pre-election "economic offensive" aimed at taming the highest inflation in the Americas. He says "capitalist parasites" are trying to wreck Venezuela's economy and force him from office.

  • Opposition leaders and local media have reported that Venezuela is seeking to boost availability of hard currency through transactions with Goldman Sachs and Bank of America.

  • CARACAS, Nov 28- It's Sunday morning. The sun is barely up, and already there are long lines outside a large state-run supermarket next to a hillside Caracas slum. Critics of the government decry the lines as a humiliating new symbol of economic failure akin to scenes in communist-run Cuba, Soviet-era Russia or Robert Mugabe's Zimbabwe.

  • CARACAS, Nov 26- Venezuela's economic growth slowed sharply in the third quarter from a year ago, the OPEC nation's central bank said on Tuesday, raising the specter of stagflation as inflation remains close to 55 percent.

  • The electoral authority said a partial count of votes gave National Party candidate Juan Hernandez some 34.3 percent support while Xiomara Castro, wife of deposed former leader Manuel Zelaya, had almost 28.7 percent. A Hernandez victory would deal a blow to Zelaya, who was ousted in a 2009 coup that plunged Honduras into a political crisis.

  • The electoral authority said a partial count of votes gave National Party candidate Juan Hernandez 34 percent support while Xiomara Castro, wife of deposed former leader Manuel Zelaya, had 28.5 percent. A Hernandez victory would deal a blow to Zelaya, who was ousted in a 2009 coup that plunged Honduras into a political crisis.

  • CARACAS, Nov 19- Venezuelan lawmakers granted President Nicolas Maduro yearlong decree powers on Tuesday that he says are essential to regulate the economy and stamp out corruption but adversaries view as a power grab.

  • 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.

  • Maduro vows no let-up in Venezuela business crackdown Thursday, 14 Nov 2013 | 10:58 AM ET

    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.

  • UPDATE 2-Venezuela's PDVSA to go $4.5 bln deeper in debt Wednesday, 13 Nov 2013 | 3:06 PM ET

    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 withdraws from Petrocaribe oil alliance Monday, 4 Nov 2013 | 9:07 PM ET

    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.

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