Venezuela
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Things are looking increasingly bleak for Hugo Chavez, which has oil companies, Western governments and all of Latin America asking the same question: What's next if he dies?
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*Source says China eyes tougher $4 bln loan terms. CARACAS, Feb 1- Venezuela's government and state oil company PDVSA are in urgent talks over a long-expected $6 billion in loans from China and U.S. energy giant Chevron that would help relieve the nation's strained finances, sources close to the discussions said.
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Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
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SINGAPORE/ TOKYO, Feb 1- Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil. From Asia, Iran lost $14 billion worth of oil exports for the year, according to Reuters calculations.
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*Venezuela crimps volume, gross margin in Latin America. Jan 31- Colgate-Palmolive Co said on Thursday a key measure of sales growth slowed for the second quarter in a row as the company faced increased pressures in Venezuela, including a labor slowdown at its factory there which has since been taken care of.
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*Venezuela crimps volume, gross margin in Latin America. Jan 31- Colgate-Palmolive Co said on Thursday a key measure of sales growth slowed for the second quarter in a row as the company faced increased pressure in Venezuela.
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*Earnings of $1.41/ share top Wall Street view of $1.40. *Venezuela crimps volume, gross margin in Latin America. Jan 31- Colgate-Palmolive Co posted a slightly bigger increase in quarterly profit than Wall Street was expecting on Thursday as it raised prices and used more advertising to entice shoppers to buy its toothpaste and other products.
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MEXICO CITY, Jan 30- Peru is in the best shape in Latin America to withstand an economic meltdown while Venezuela and Argentina have the weakest defenses, according to an analysis by International Monetary Fund economists.
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Ford lost money in Europe and Asia in 2012, in part because it's making changes in those regions to allow future growth. Ford is closing plants and introducing new products to Europe to spur sales in that depressed region, while it's building plants and developing new cars for Asia to take advantage of tremendous growth opportunities.
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CARACAS, Venezuela-- The chief executive of Russian energy company Rosneft said Tuesday that Russia will keep deepening cooperation with Venezuela's government in oil, natural gas and electrical projects. Rosneft chief executive Igor Sechin said the company plans to invest about $10 billion in Venezuela in the coming years.
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Jan 29- Hedge fund Elliott Management will nominate five executives to Hess Corp's board as it pitches a plan to break up the U.S. oil and gas company to boost returns for investors. Hess has been shifting away from refining since early last year, when the HOVENSA refinery, a joint venture between Hess and Venezuela's PDVSA, was closed.
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Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated.
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Jan 29- Hedge fund Elliott Management will nominate five executives to Hess Corp's board as it pitches a plan to break up the U.S. oil and gas company to boost returns for investors. Hess has been shifting away from refining since early last year, when the HOVENSA refinery, a joint venture between Hess and Venezuela's PDVSA, was closed.
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CARACAS, Jan 28- South American OPEC member Venezuela is modifying its windfall oil tax system to redistribute revenues and channel more dollars to the Central Bank, the energy minister said on Monday.
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*Elliott Associates may nominate directors to Hess board. Jan 28- Hess Corp on Monday announced plans to sell its oil storage terminal network and exit the oil refining business, after activist hedge fund Elliott Associates said it was considering nominating directors to the Hess board.
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CARACAS, Jan 28- Venezuela is changing its oil windfall tax bands under which the government raises income for social spending and other purposes, Energy Minister Rafael Ramirez said on Monday.
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SANTIAGO, Jan 26- EU leaders won a promise from Argentina and Brazil on Saturday to revive stalled talks on a free-trade deal that would be a major prize for Europe as it emerges from crisis, but disputes over key issues mean a breakthrough appears distant.
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SANTIAGO, Jan 26- Argentina and Brazil need to open up to European goods and push ahead with the long-stalled Mercosur free-trade talks, the European Union's trade chief said on Saturday before EU and Latin American leaders meet to try to break the deadlock.
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SANTIAGO, Jan 26- EU leaders urged Argentina and Brazil on Saturday to open up their markets and push ahead on a free-trade deal that would be a major prize for Europe as it battles to emerge from three years of economic crisis.
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Jan 25- European Union leaders are meeting their Latin American counterparts this weekend in Santiago to win investments and speed up trade flows to lift Europe's stalled economy. *Bilateral trade has more than doubled over the last decade to reach some 200 billion euros last year, and Europe is the top foreign investor in Latin America and the Caribbean.
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CARACAS, Jan 25- A supermarket in a posh district of Caracas is barren of wheat flour but well stocked with gourmet cream-filled sweetbread imported from Italy. Periodic product shortages have become a fact of life under socialist President Hugo Chavez, who has not been seen since undergoing cancer surgery in Cuba seven weeks ago.