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Venezuela

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  • CARACAS, Jan 7- President Nicolas Maduro said on Wednesday he had secured a total of more than $20 billion in investment from major creditor China for economic, social, and oil-related projects. It was unclear if part of the announced investments include new loans for the cash-strapped OPEC member, or if the investments were part of an existing oil-for-loans...

  • How to stem oil free fall  Wednesday, 7 Jan 2015 | 4:00 AM ET

    In order to stem the free fall in oil prices, one of three key things must be done, says Sabine Schels, a commodity strategist at BofA Merrill Lynch Global Research.

  • "Hamburgers don't go with arepas and this salad I accepted doesn't taste of anything," moaned student Indira Silva, 27, at a fast-food outlet in affluent eastern Caracas. Arcos Dorados S.A., McDonald's Corp's key operator in Latin America, did not reply to queries about whether Venezuela's Byzantine three-tiered exchange rate system was to blame.

  • Venezuela's outlook for 2015  Monday, 5 Jan 2015 | 5:30 AM ET

    Venezuelan President Nicolas Maduro heads to China in an effort to boost its partnership with the country. James Lockhart-Smith, associate director of Maplecroft, discusses Venezuela's outlook and relationship with China.

  • Venezuela economy falls into recession Tuesday, 30 Dec 2014 | 10:34 PM ET
    A mall electronics store with empty shop windows in Caracas on April 16, 2014. Venezuela is experiencing shortages of goods due to government controls on acquiring foreign currency.

    Venezuela confirmed it was in a recession, with the highest inflation in the Americas, while the socialist government blamed political foes for poor data.

  • Gold will sink to just 3 digits: Sullivan predicts Tuesday, 30 Dec 2014 | 1:47 PM ET

    CNBC's Brian Sullivan looks toward 2015 and shares predictions on gold, the Dow, IBM and more.

  • CARACAS, Dec 23- Venezuelan shoppers line up outside a Caracas liquor store to buy bottles of Buchanan's 12- year Scotch whisky at half the usual cost, a deal made possible by a state subsidy that gave cheap dollars to import them. The same subsidy, provided under the country's three-tiered exchange control system, helps a Caracas merchant do thriving business in...

  • For these stocks, Venezuela risk can be deceiving Tuesday, 23 Dec 2014 | 12:02 PM ET
    Shoppers at a supermarket in Caracas, Venezuela.

    Despite Venezuela's troubles, some U.S.-listed companies will want to keep earning money there. Look for those that own up to currency risk.

  • Cuba relations with Russia & Venezuela in focus  Monday, 22 Dec 2014 | 8:29 AM ET

    CNBC's Michelle Caruso-Cabrera reports Cuba's relationship with Venezuela and Russia are in focus because of the decline in oil prices. Cuba gets more than half of its oil from Venezuela every day.

  • Oil price slide hits exporter currencies Friday, 19 Dec 2014 | 1:24 PM ET
    This Feb. 5, 2008 photo shows shift supervisor Ojerinde Kanoru aboard the FPSO Bonga (Floating, Production, Storage and Offloading) facility 75 miles off the coast of Lagos, Nigeria.

    As oil prices have fallen, currencies of developing countries that rely heavily on exports have been sliding.

  • American oil for Cuba  Friday, 19 Dec 2014 | 10:46 AM ET

    "Meet the Press" moderator Chuck Todd, discusses new U.S. relations with Cuba and its impact to American oil companies, with CNBC's Rick Santelli.

  • Fitch slashes Venezuela credit rating as oil slides Thursday, 18 Dec 2014 | 11:25 AM ET
    Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

    In Fitch's ratings sytem, a "CCC" rating implies "default is a real possibility."

  • The ‘Hyman Roth’ play: Cuba-related stocks rally Wednesday, 17 Dec 2014 | 3:03 PM ET
    Lee Strasberg as Hyman Roth in The Godfather Part II

    Shares of cruise company Carnival and airliner Copa Holdings were among the stocks boosted on normalized diplomatic Cuban relations.

  • Ticking time bombs: Where oil's fall is dangerous Tuesday, 16 Dec 2014 | 10:13 AM ET
    Venezuela is one of the nations most threatened by civil unrest resulting from low oil prices. The Latin American nation has already experienced discord this year, as shown in this image of protesters in Caracas in February.

    Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.

  • Cramer Remix: How you'll know when oil's bottomed Friday, 12 Dec 2014 | 7:15 PM ET
    Jim Cramer on Mad Money.

    "Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.

  • Cramer's guide to ending oil's hemorrhage Friday, 12 Dec 2014 | 6:42 PM ET
    Workers use machinery to move drill sections on the drilling floor of the oil derrick in the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    What the heck is going on with oil? Jim Cramer can't take the slow death of oil anymore. He shares his guide to navigating this nasty commodity.

  • At the same event, Venezuela's foreign minister and top OPEC emissary Raphael Ramirez provided his country's answer to Naimi's question: OPEC must act, he told Reuters, because "that is our job. Ramirez said Venezuela would evaluate whether to call for an emergency OPEC meeting after seeing how oil prices perform in the first quarter. Last month, Gulf producers...

  • NEW YORK, Dec 9- Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation's cash flow, compounding already weak economic conditions. Analysts point out that Venezuela, despite all its debt, is not a heavily indebted nation.

  • CARACAS, Dec 10- Packing potatoes at his vegetable stand on a sun-baked street in Caracas's hillside Catia slum, Jesus Jimenez fondly recounts voting for late president Hugo Chavez. Like millions in Venezuela's poor "barrios," the chatty father of 14 worshipped the larger-than-life Chavez and benefited from his welfare programs, especially Cuban-staffed...

  • Russia, Venezuela bond fears surface  Tuesday, 9 Dec 2014 | 1:07 PM ET

    CNBC's Michelle Caruso-Cabrera reports on weakness in both the Russian and Venezuelan bond market as oil prices continue to pressure government bonds.