Does the elevation of a military man to the number two position in the government show the military is trying to take control of the government? Michelle Caruso-Cabrera reports. » Read More
Things are looking increasingly bleak for Hugo Chavez, which has oil companies, Western governments and all of Latin America asking the same question: What's next if he dies?
Venezuelan President Hugo Chavez stayed on his sickbed in Cuba on Thursday while supporters rallied on the day he should have been sworn in for a new six-year term.
CNBC's Michelle Caruso-Cabrera reports medical treatment for cancer will prevent Venezuelan President Hugo Chavez from being sworn in for a new term at this time.
CNBC's Michelle Caruso-Cabrera reports Venezuela speaker says President Hugo Chavez is seeking to delay his inauguration.
Canada has approved China's biggest ever foreign takeover, the $15.1 billion bid from CNOOC for energy company Nexen, but has drawn a line in the sand against future buys by state-owned enterprises.
*Stocks build in Europe as refinery maintenance ends. Middle distillates inventories, which include heating oil, diesel and jet, had been running at multi-year lows in both the United States and Europe- threatening to ramp up heating bills for households in the event of an early cold snap.
*Scarabeo 9 drilling rig leaving Cuba for West Africa. Communist Party newspaper Granma reported that a well drilled off western Cuba by Venezuelan state oil company PDVSA had been plugged because it ``did not offer possibilities of commercial exploitation.''.
CALGARY, Alberta, Nov 1- Suncor Energy Inc said on Thursday that rising light oil production threatens the profitability of a massive new upgrading facility planned by Canada's dominant oil sands producer as it delayed plans to expand output from the world's third-largest oil reserve.
*Latin America offers Spaniards hope for work. MEXICO CITY/ MADRID Oct 31- After joining the euro in 1999, Spain's economic boom made it the land of opportunity for millions of Latin American migrant workers.
*Supply rises by 60,000 bpd, led by Iraq, Angola, Libya. LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.
*Eyes on next week's Bank of Japan policy meeting. NEW YORK, Oct 25- Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy.
*Eyes on next week's Bank of Japan policy meeting. Spot gold was up 0.8 percent at $1,714.36 an ounce at 1034 GMT, bouncing off Wednesday's seven-week low of $1,698.39, while U.S. gold futures for December delivery were up $14.90 an ounce at $1,716.50.
CARACAS, Venezuela-- After four election wins, Venezuelan President Hugo Chavez is on track to completing at least 20 years in power, and supporters such as street bookseller Cristina Tovar say they're glad to have him in charge.
COLUMBUS, Ohio-- Ohio is the appropriate forum for an investors' lawsuit seeking to collect $100 million on three-decade-old Venezuelan promissory notes, despite concerns over document translation and witness transportation, a federal judge ruled.
BUENOS AIRES, Argentina-- Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.
KANSAS CITY, Mo.-- TransCanada Corp. has temporarily shut down its existing 2,100- mile Keystone pipeline after tests showed possible safety issues, a federal agency said Thursday.
SAO PAULO-- The Inter American Press Association says violence and authoritarian governments are the main problems independent press outlets face in Latin America. It says that in the past six months 13 journalists have been murdered in Mexico, Honduras, Brazil, and Ecuador "for the simple fact that they were doing their work."
MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.
HARTFORD, Conn.-- Documents filed in the criminal case against a Venezuelan-American financier say losses from a Connecticut- based fraud scheme could total as much as $600 million.
--We are placing our' BBB' long-term and' A-2' short-term ratings on Telefonica and three of its subsidiaries, and our issue ratings on Telefonica and six of its subsidiaries on CreditWatch negative.