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Business Venezuela

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno looked set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among candidates and the...

  • People walk at the refrigerated foods section inside a Makro supermarket in Caracas, Venezuela.

    Many Venezuelans have seen their weight plummet during the country's recent economic and political crises, according to ENCOVI 2016.

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno was set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. In a nail-biter vote with eight candidates, Moreno was close to the threshold needed to avoid a second round on April 2 and continue a decade-long...

  • QUITO, Feb 20- Leftist government candidate Lenin Moreno was within striking distance of winning the first round of Ecuador's presidential election on Monday, as the Andean country's electoral body counted ballots late into the night. A couple of hundred opposition supporters congregated in front of the electoral council headquarters in Quito to demand...

  • The agreement was signed on Thursday by top prosecutors from Brasil, Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and one European country, Portugal. Odebrecht said it paid $439 million outside Brazil, with the largest bribe admissions abroad in Venezuela, the Dominican Republic and Panama. Brazilian prosecutors...

  • CARACAS, Feb 16- On a recent Sunday morning, several hundred Catholic worshippers were at Mass inside a hillside church of a poor Caracas neighborhood when there was a sudden commotion at the back. "Some people were scared, obviously, but no one was hurt," recounted Luis Arias, 67, a catechism teacher at the San Pedro Claver church in the "23 De Enero" community, long an...

  • CARACAS, Feb 16- On a recent Sunday morning, several hundred Catholic worshippers were at Mass inside a hillside church of a poor Caracas neighborhood when there was a sudden commotion at the back. "Some people were scared, obviously, but no one was hurt," recounted Luis Arias, 67, a catechism teacher at the San Pedro Claver church in the "23 De Enero" community, long an...

  • Tareck El Aissami, vice president of Venezuela, attends a swearing in ceremony for the new board of directors of Petroleos de Venezuela SA (PDVSA), Venezuela's state oil company, in Caracas, Venezuela, on Tuesday, Jan. 31, 2017.

    The Treasury Department blacklisted Venezuelan Vice President Tareck El Aissami on Monday for alleged drug-trafficking.

  • CARACAS, Feb 14- Venezuelan authorities raided the Caracas offices of Odebrecht on Tuesday, as prosecutors deepened a probe into the Brazilian construction firm that has admitted paying some $98 million in bribes to obtain government contracts in Venezuela. According to the plea bargain agreement, Odebrecht and representatives paid some $98 million in...

  • Qatar's Minister of Energy and the OPEC Conference President, Mohammed Bin Saleh Al-Sada (2nd L) and Secretary General of OPEC, Mohammad Sanusi Barkindo (2nd R) attend a press conference following the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria on November 30, 2016.

    Saudi Arabia over-delivered, but OPEC cut about 90 percent of the oil supplies it committed to take off the market.

  • A worker walks past a mural with a PDVSA logo at its gas station in Caracas, Venezuela, August 29, 2014.

    Crucial political allies and trading partners have extended Venezuela at least $55 billion in credit in return for oil.

  • HOUSTON/ CARACAS, Feb 9- Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. The delayed shipments to such crucial political allies and trading partners- which together have extended Venezuela at least $55...

  • CARACAS, Feb 9- Venezuelan state oil company PDVSA has delayed and canceled crude deliveries to commercial partners in recent months, according to documents seen by Reuters, a further sign of the steady production decline of the country's top export. From October through January, PDVSA canceled or delayed delivery of almost 7 million barrels of crude due to...

  • HOUSTON/ CARACAS, Feb 9- Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. The delayed shipments to such crucial political allies and trading partners- which together have extended Venezuela at least $55...

  • CARACAS, Feb 7- Venezuela will charge a former manager of state oil company PDVSA's main crude exporting port with corruption over suspected overpricing in equipment purchases, the public prosecutor's office said in a statement late on Tuesday. Jesus Osorio will be charged in the coming hours following complaints lodged by colleagues at PDVSA, which exports...

  • BRASILIA, Feb 7- The leaders of Brazil and Argentina said on Tuesday they would pursue closer ties with Mexico and other Latin American nations alarmed by U.S. In a state visit to Brasilia, Argentina President Mauricio Macri said that South American regional trade bloc Mercosur would focus on strengthening its relationship with Mexico, Latin America's...

  • PUNTO FIJO, Venezuela, Jan 31- Venezuela's Paraguana refining complex was operating at about 42 percent of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the country's refining system. The 645,000- barrel-per-day Amuay refinery was operating at about 300,000 bpd, while the adjacent 310,000-...

  • PUNTO FIJO, Venezuela, Jan 31- Venezuela's Paraguana refining complex was operating at about 42 percent of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the crisis-hit OPEC country's refining system. The 645,000- barrel-per-day Amuay refinery was operating at some 300,000 bpd while...