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Venezuela

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  • QUITO, Jan 24- Ecuador's airline TAME has temporarily suspended its direct flights to Caracas because it is owed about $43 million for ticket sales held by Venezuela's central bank. A wide range of industries in Venezuela say they are waiting for the currency control authorities to disburse billions of dollars in hard currency.

  • Should Puerto Rico be allowed to borrow?     Friday, 24 Jan 2014 | 7:44 AM ET

    Puerto Rico is under pressure from ratings agencies to prove they can borrow money or face a downgrade, reports CNBC's Michelle Caruso-Cabrera.

  • CARACAS, Jan 23- Venezuela's benchmark bonds fell to two-year lows on Thursday reflecting market disappointment that President Nicolas Maduro's revamping of 11- year-old currency controls did not go far enough.

  • CARACAS, Dec 20- Venezuela and India have agreed to build a naphtha production unit in the South American OPEC nation in the latest sign of widening energy ties between the two countries, Venezuela's foreign minister said on Friday. Several big Indian energy firms, including Reliance Industries, already work with Venezuela's state oil company PDVSA.

  • Venezuelan socialists win 54 pct of mayors' vote Friday, 13 Dec 2013 | 4:00 PM ET

    CARACAS, Dec 13- Venezuela's ruling Socialist Party and allies took 10 percentage points more votes than opposition rivals in Sunday's election for mayors that was a test of strength for President Nicolas Maduro, final results showed on Friday.

  • CARACAS, Dec 8- President Nicolas Maduro's government won a majority of votes in Venezuela's local elections on Sunday, disappointing the opposition and helping his quest to preserve the late Hugo Chavez's socialist legacy.

  • CARACAS, Dec 8- President Nicolas Maduro's government won a majority of votes in Venezuela's local elections on Sunday, boosting his quest to preserve the late Hugo Chavez's socialist legacy and denting the opposition's hopes for change.

  • CARACAS, Dec 8- Venezuelans voted in municipal elections on Sunday that are the biggest political test yet for President Nicolas Maduro as he tries to halt an economic slide and preserve the socialist legacy of his late mentor, Hugo Chavez.

  • FEATURE-Illegal miners infest Venezuela's Amazon Tuesday, 3 Dec 2013 | 1:00 AM ET

    PUERTO AYACUCHO, Venezuela, Dec 3- From the air, the thick green canopy that covers the Venezuelan Amazon is pocked with ever more frequent small holes. Some locals accuse money-hungry members of Venezuela's military of also helping out.

  • CARACAS, Dec 2- Venezuelan state oil company PDVSA said the OPEC nation's oil installations were not affected by a power blackout that struck large parts of the country on Monday night. Venezuela's refineries, heavy crude upgraders and other oil facilities are fed by separate generating plants, not the national grid.

  • 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.

  • Venezuela says OPEC should maintain production limits Thursday, 28 Nov 2013 | 2:54 PM ET

    CARACAS, Nov 28- Venezuela's oil minister said on Thursday that OPEC should maintain its current production levels at next week's meeting, and any easing of sanctions on Iran would let the group reorganize itself.

  • BUSINESS-NEWS-SCHEDULE AT 1730 GMT / 12:30 PM ET Thursday, 28 Nov 2013 | 12:30 PM ET

    Americans mark Thanksgiving with travel, parades, shopping. NEW YORK- Americans gather to celebrate Thanksgiving, stuffing turkeys for family feasts, braving high winds and the bitter cold along parade routes and starting their holiday shopping one day earlier this year.

  • CARACAS, Nov 28- Venezuela's central bank president denied on Thursday that Caracas is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold reserves.

  • Venezuela central bank denies transactions with Wall St Thursday, 28 Nov 2013 | 10:56 AM ET

    CARACAS, Nov 28- The Venezuelan central bank president denied on Thursday that Caracas is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold reserves.

  • 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.

  • US banks seek to help Venezuela get dollars: Report Wednesday, 27 Nov 2013 | 12:34 PM ET
    U.S. Dollars and Venezuelan Bolivares notes

    With dollars becoming scare in Venezuela, big U.S. banks are drumming up deals to boost its foreign reserves, according to a report.

  • 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.

  • Venezuela after Chavez: An economy on the verge Tuesday, 26 Nov 2013 | 8:00 AM ET
    People line up outside an electrical appliances store in Caracas.

    Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.

  • 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.

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