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Business Venezuela

  • CARACAS, Venezuela— President Nicolas Maduro may be struggling to feed Venezuela but his socialist administration still managed to make a $500,000 donation to Donald Trump's inauguration, records released Wednesday show. Inaugural committee records filed with the Federal Election Commission show Citgo Petroleum, a U.S. affiliate of Venezuela's state...

  • Opposition supporters protested in Caracas and other cities, denouncing Maduro for eroding democracy and plunging the oil-rich economy into chaos. Carlos Moreno, 18, a student, was on his way to play soccer in Caracas and did not plan to take part in the demonstration when government supporters approached an opposition gathering and fired shots, according to...

  • HOUSTON/ PUNTO FIJO, Venezuela, April 18- In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters. The vessel is among many that are constantly contaminated at two major export terminals where they load crude from Venezuela's state-run...

  • SAO PAULO, April 12- When Venezuelan President Hugo Chavez inaugurated a high-voltage cable providing power to neighboring Brazil in 2001, the leftist leader hailed it as a step toward regional integration that would spur development in South America. Flanked by his Brazilian and Cuban counterparts, Chavez used the ceremony in the border town of Santa Elena...

  • Venezuela's government fired tear gas and rubber bullets at some of the thousands of opponents of President Nicolas Maduro who poured into the streets of Caracas Saturday.

  • CARACAS, April 7- Venezuela's central bank has reached a deal that will provide the country with at least $300 million from New York- based investment fund Fintech Advisory Inc to help offset a cash crunch, two market sources and a source close to the government told Reuters on Friday. Venezuela's oil-dependent economy is suffering a brutal recession that has...

  • CARACAS, April 7- Venezuela's central bank has reached a deal that will provide the country with at least $300 million from New York- based investment fund Fintech Advisory Inc to help offset a cash crunch, two market sources and a source close to the government told Reuters on Friday. Venezuela's oil-dependent economy is suffering a brutal recession that has...

  • CARACAS, April 7- Venezuela's central bank has agreed to a repurchase agreement that would provide at least $300 million from New York- based investment fund Fintech Advisory Inc amid a cash crunch, two market sources and a source close to the government told Reuters on Friday. Venezuela's oil-dependent economy is suffering a brutal recession that has...

  • CARACAS, April 6- Venezuela's state oil company, PDVSA, said on Thursday it had "started bank transfers" to make its first April bond payments, outlays that will further squeeze the already cash-strapped business amid a deep recession. President Nicolas Maduro's government has pledged to keep paying bondholders, bashing default talk as a Wall Street plot to...

  • Aberdeen: Political uncertainty rising from Venezuela nationalizations

    Edwin Gutierrez, head of emerging market sovereign debt at Aberdeen Asset Management, talks about on emerging markets, with specific comment on South Africa and Venezuela.

  • A National Guard officer discharges pepper spray on demonstrators during a second day of protests as the Supreme Court reverses its decision to seize the powers of the opposition-led Congress in Caracas, Venezuela, on Saturday, April 1, 2017.

    Nicolas Maduro may have gone too far, and now even allies are turning against him.

  • QUITO, Ecuador, April 2- The Venezuelan Supreme Court may have amended part of its explosive decision to take over the opposition-led congress, but it still gives embattled leftist President Nicolas Maduro broad new powers over the OPEC nation's vast oil wealth. Maduro's cash-strapped government now has the autonomy to sell stakes in Venezuela's oil fields,...

  • QUITO, Ecuador, April 2- The Venezuelan Supreme Court may have amended part of its explosive decision to take over the opposition-led congress, but it still gives embattled leftist President Nicolas Maduro broad new powers over the OPEC nation's vast oil wealth. Maduro's cash-strapped government now has the autonomy to sell stakes in Venezuela's oil fields,...

  • Venezuelan opposition activists take part in a protest - blocked by the National Guard - against the government of President Nicolas Maduro at the Francisco Fajardo highway in Caracas on April 1, 2017.

    Venezuela's president and Supreme Court backed down Saturday from a move to strip congress of power and which critics had called a coup.

  • CARACAS, April 1- Venezuela's pro-government Supreme Court revoked its takeover of the opposition-led Congress on Saturday after it drew international condemnation and protests against socialist President Nicolas Maduro. The tribunal duly erased two controversial judgments and its president, Maikel Moreno, met with both foreign envoys and...

  • CARACAS, April 1- Venezuela's pro-government Supreme Court on Saturday revoked its controversial annulment of the opposition-led Congress amid international condemnation and protests against socialist President Nicolas Maduro. The tribunal duly erased the two controversial judgments and its president, Maikel Moreno, met with both foreign envoys and...

  • CARACAS, April 1- Venezuela's pro-government Supreme Court on Saturday revoked its controversial annulment of the opposition-led Congress amid international condemnation and protests against socialist President Nicolas Maduro. "You can't pretend to just normalize the nation after carrying out a' coup,"' said Julio Borges, leader of the National Assembly...

  • CARACAS, April 1- Venezuela's pro-government Supreme Court on Saturday revoked its controversial annulment of the opposition-led Congress amid international condemnation and protests against socialist President Nicolas Maduro. "You can't pretend to just normalize the nation after carrying out a' coup,"' said Julio Borges, leader of the National Assembly...

  • CARACAS, April 1- Venezuela's pro-government Supreme Court on Saturday revoked its controversial annulment of the opposition-led congress amid international condemnation and protests against socialist President Nicolas Maduro. "You can't pretend to just normalize the nation after carrying out a' coup,"' said Julio Borges, leader of the National Assembly...

  • CARACAS, April 1- Venezuela's pro-government Supreme Court on Saturday revoked its controversial annulment of the opposition-led congress amid international condemnation and protests against socialist President Nicolas Maduro. "You can't pretend to just normalize the nation after carrying out a' coup,"' said Julio Borges, leader of the National Assembly...