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Business Venezuela

  • CARACAS, May 22- Venezuela possesses 5,000 Russian-made MANPADS surface-to-air weapons, according to a military document reviewed by Reuters, the largest known stockpile in Latin America and a source of concern for U.S. officials amid the country's mounting turmoil. Much of that arsenal was obtained from Russia by Venezuela's late President Hugo Chavez,...

  • CARACAS, May 22- Venezuela possesses 5,000 Russian-made MANPADS surface-to-air weapons, according to a military document reviewed by Reuters, the largest known stockpile in Latin America and a source of concern for U.S. officials amid the country's mounting turmoil. Much of that arsenal was obtained from Russia by Venezuela's late President Hugo Chavez,...

  • CARACAS/ SAN CRISTOBAL, Venezuela, May 20- H undreds of thousands of Venezuelans took to the streets on Saturday to mark 50 days of protests against the unpopular government of President Nicolas Maduro, with unrest gaining momentum despite a rising death toll and chaotic scenes of nighttime looting. Major opposition marches took place across the oil-rich...

  • CARACAS/ SAN CRISTOBAL, Venezuela, May 20- H undreds of thousands of Venezuelans took to the streets on Saturday to mark 50 days of protests against the unpopular government of President Nicolas Maduro, with unrest gaining momentum despite a rising death toll and chaotic scenes of nighttime looting. Major opposition marches took place across the oil-rich...

  • LOS TEQUES, Venezuela, May 19- Like many Portuguese immigrants to Venezuela after World War Two, Manuel Fernandes spent a lifetime building a small business: his bread and cake shop in a highland town. The first he knew of the destruction of his beloved " Bread Mansion" store on a main avenue of Los Teques was when looters triggered the alarm, resulting in a warning call...

  • CIUDAD GUAYANA, Venezuela/ CARACAS, May 17- P ockets of oil-rich Venezuela were suffering gasoline shortages on Wednesday as the OPEC nation's ageing refineries faced more operational problems and protests blocked some deliveries. Venezuela, which has the world's cheapest gasoline, has been plagued by intermittent fuel shortages in recent months as its oil...

  • A demonstrator wears a gas mask during a rally against Venezuela's President Nicolas Maduro in Caracas, Venezuela May 1, 2017.

    Anti-Maduro protesters in the Latin American country are making their own gear as they battle in the streets of Caracas and elsewhere.

  • SANTO DOMINGO, Dominican Republic— One of the most sprawling corruption scandals in modern history has deep roots in the Dominican Republic: The Brazilian company behind the operation placed its international "bribery bureau" in this Caribbean country and shoveled out nearly $100 million in bribes to local officials. By contrast, investigations in Brazil,...

  • Venezuelan opposition activists protest against the government of President Nicolas Maduro in the capital Caracas on May 15, 2017.

    A day that began with largely peaceful protests against Venezuela's socialist government took a violent turn.

  • A charging National Guard riot control vehicle knocks down a demonstrator during a protest against Venezuelan President Nicolas Maduro, in Caracas on May 3, 2017.

    The country's economy may have started the year on a much-worse note than the country's legislature has stated.

  • CARACAS, May 7- Jailed opposition Venezuelan politician Leopoldo Lopez is well and is urging street demonstrators to keep up massive anti-government protests, his wife said on Sunday after her first visit with the former presidential hopeful in over a month, putting to rest rumors of his ill health. He said:' I'm well, I'm alive, I'm strong, "' said Tintori, who is...

  • Venezuela protests get deadly aggressive

    Venezuela's President just hiked up the minimum wage by 60%. But the people are still protesting by the hundreds of thousands. Here's why.

  • A group of senators will file sweeping legislation to sanction individuals responsible for undermining democracy, Senate aides said.

  • CARACAS, April 27- The son of Venezuela's pro-government human rights ombudsman has surprised the crisis-struck nation by publicly calling on his father to end "injustice" amid major protests against the leftist administration. The opposition accuses ombudsman Tarek Saab of turning a blind eye to human rights abuses and a lurch into dictatorship by...

  • CARACAS, April 26- Demonstrators injured in Venezuela's often violent street protests are facing additional hardship: how to get treatment in a crisis-hit country where basics like antibiotics and painkillers are running short. Venezuela's state prosecutor says 437 people were hurt in nearly a month of protests against leftist President Nicolas Maduro,...

  • HOUSTON/ CARACAS, April 25- As political turmoil in Venezuela mounts, oil firms including Norwegian major Statoil ASA and Spain's Repsol SA have further reduced their already-dwindling ranks of expatriate employees in the country, sources familiar with the situation said. Statoil, Repsol and Chevron Corp are among the foreign oil companies that hold...

  • HOUSTON/ CARACAS, April 25- As political turmoil in Venezuela persists, oil firms including Norwegian major Statoil ASA and Spain's Repsol SA have further reduced their already-dwindling ranks of expatriate employees in the country, sources familiar with the situation said. Statoil, Repsol and Chevron Corp are among the foreign oil companies that hold...

  • Venezuelan President Nicolas Maduro delivers a speech as pro-government demonstrators hold a rally in Caracas, Venezuela on March 9, 2017.

    Venezuela's seizure of a General Motors plant creates concerns that assets in other sectors of the economy could be seized by authorities.

  • CARACAS, April 20- Venezuela's opposition renewed nationwide protests on Thursday to pressure President Nicolas Maduro to hold elections and improve a collapsing economy, and vowed to keep up pressure by staging three more protests in the next four days. The opposition's leadership then called for further protests in communities across Venezuela on...

  • WASHINGTON, April 20- U.S. officials are reviewing Venezuela's seizure of General Motors Co's assets in the country, U.S. State Department spokesman Mark Toner said on Thursday. The seizure comes amid a deepening economic crisis in leftist-led Venezuela that has already roiled many U.S. companies. Total auto production in Venezuela fell to a historic low of...