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Venezuela

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  • Venezuelan network Telesur expands into English Wednesday, 23 Jul 2014 | 7:39 PM ET

    CARACAS, Venezuela— The Spanish-language television network started by the late Venezuelan President Hugo Chavez as a vehicle for promoting in Latin America his leftist brand of political change will now reach audiences in English.

  • China, Venezuela deepen economic ties during visit Monday, 21 Jul 2014 | 3:10 PM ET

    CARACAS, Venezuela— China approved a $4 billion credit line and a flurry of new cooperative agreements Monday with Venezuela, its chief economic partner in Latin America. Chinese President Xi Jingping and Venezuelan President Nicolas Maduro announced the initiatives during a joint news conference in Caracas.

  • CARACAS, July 14- German airline Lufthansa said on Monday it will reduce service to Venezuela by 40 percent starting next month amid an ongoing dispute about repatriation of revenue from ticket sales.

  • NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other U.S. carriers who have cut service over the country's foreign exchange controls.

  • NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other major U.S. carriers who have reduced service because of problems repatriating their revenue through the country's foreign exchange controls.

  • "This warning is not entirely surprising given Lufthansa's warning in June for the same reasons and the recent 21 percent decline in Air France-KLM's share price," said Citi Research analyst Andrew Light in a note.

  • CARACAS, July 7- Delta Air Lines will run only one flight a week to Venezuela instead of one a day because of difficulties repatriating revenue through the country's exchange controls, the company said on Monday.

  • LONDON, June 16- Venezuela wants to increase oil supplies to the United States to regain some of the market share it lost over the past decade as Caracas sees the U.S. boom in light oil from shale as a chance to raise heavy-crude exports, the country's oil minister said.

  • CARACAS, June 13- Venezuela's inflation soaring above 60 percent has boosted pressure on President Nicolas Maduro to speed up a transition toward a market-driven economy as the OPEC nation's model of state-controlled socialism heads toward stagflation.

  • MARACAIBO, Venezuela, May 21- Venezuelan state oil company PDVSA on Wednesday said it had been granted a total of $2 billion in credit lines by oilfield services companies Halliburton Co, Schlumberger NV and Weatherford International Ltd..

  • CARACAS, May 14- Italian airline Alitalia on Thursday confirmed that it is suspending service to Venezuela between the start of June and the end of October because of growing disputes over delays in repatriating revenue under the country's currency controls.

  • CARACAS, May 14- Italian airline Alitalia has canceled service to Venezuela as of June 2 due to delays in repatriating revenue under the country's 11- year-old currency control system, two sources told Reuters on Wednesday.

  • MIAMI, May 6- Silicon Valley need have no fear, but look out for the latest upstart to enter the tech arena: Miami.

  • CATIA LA MAR, Venezuela, May 1- The neighborhood of El Chaparral began receiving cash from the Venezuelan government in 2005. The windfall came courtesy of the late socialist leader Hugo Chavez's plan to fight poverty by transferring billions of dollars in oil revenue to communities around the country.

  • CARACAS, May 2- President Nicolas Maduro is introducing a controversial shopping card intended to combat Venezuela's food shortages but decried by critics as a Cuban-style policy illustrating the failure of his socialist policies.

  • CARACAS, April 29- President Nicolas Maduro announced on Monday a 30 percent increase in the minimum wage and pensions to protect Venezuelans from inflation nearing a 60 percent annual rate.

  • CARACAS, April 29- President Nicolas Maduro announced on Monday a 30 percent increase in the minimum wage and pensions to protect Venezuelans from inflation nearing a 60 percent annual rate.

  • Venezuela to crush cars, bikes to build houses Tuesday, 29 Apr 2014 | 5:44 PM ET

    CARACAS, April 29- Venezuela said on Tuesday it would start crushing abandoned cars and bicycles to provide raw materials for housing construction and supplement drastically reduced amounts of local steel.

  • NEW YORK, April 14- Two former executives of a defunct New York broker-dealer were indicted Monday as part of a widening U.S. investigation into foreign bribery involving their employer and Venezuelan state economic development banks.

  • BUENOS AIRES, March 30- Argentina has been approached by financial institutions offering it loans at favorable rates, the economy ministry said on Sunday, marking a tentative reopening of international credit markets for the first time in over a decade.