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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...
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.
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 confirmed it was in a recession, with the highest inflation in the Americas, while the socialist government blamed political foes for poor data.
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...
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.
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.
As oil prices have fallen, currencies of developing countries that rely heavily on exports have been sliding.
"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.
In Fitch's ratings sytem, a "CCC" rating implies "default is a real possibility."
Shares of cruise company Carnival and airliner Copa Holdings were among the stocks boosted on normalized diplomatic Cuban relations.
Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.
"Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.
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...
CNBC's Michelle Caruso-Cabrera reports on weakness in both the Russian and Venezuelan bond market as oil prices continue to pressure government bonds.