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  • Why energy investors are looking at the Caribbean Friday, 20 Mar 2015 | 3:48 PM ET
    Tourists look at posters for sale in Havana, Cuba, on December 18, 2014.

    Declining oil prices, the U.S. energy revolution and changing relations with Cuba have created new opportunities for energy investment in the Caribbean.

  • CARACAS, March 18- Venezuela asked a World Bank tribunal on Wednesday to toss out an order that it pay Swiss airport operator Flughafen Zurich AG and a Chilean partner around $36 million for the government takeover of airport facilities they operated in the country a decade ago. He said the request was filed with the World Bank's International Center for...

  • CARACAS, March 18- Venezuela asked a World Bank tribunal on Wednesday to toss out an order that it pay Swiss airport operator Flughafen Zurich AG and a Chilean partner nearly $36 million for the government takeover of airport facilities they operated in the country a decade ago. He said the request was filed with the World Bank's International Center for...

  • CARACAS, March 16- Venezuela said on Monday it has paid off its 1 billion euro Global 2015 bond, the first foreign debt maturity in a year of heavy bond payments that have stretched the OPEC nation's coffers amid a period of low oil prices. "Venezuela in 2015 will continue, despite lower oil prices... to fulfill its international obligations, one by one," he said in a...

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 4 PM ET Sunday, 15 Mar 2015 | 4:23 PM ET

    March 15- Editor: Christian Plumb+ 1 646 223 6200. BUENOS AIRES- Argentina's economy may be stagnant but the capital city Buenos Aires is looking better than it has in years, boosting the popularity of its mayor as he prepares to run for president in October. LOS ANGELES- "Cinderella" enchants audiences this weekend, racking up a royal $70.1 million to lead the domestic...

  • CARACAS/ HOUSTON, March 13- A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA. New posters inside its Caracas headquarters request employees don normal office wear, visitors say, a telltale sign of what could be the most sweeping changes in over a...

  • Venezuela's Maduro says may go to U.S. to challenge Obama Thursday, 12 Mar 2015 | 10:23 PM ET

    CARACAS, March 12- Ridiculing the U.S. qualification of Venezuela as a security threat, President Nicolas Maduro said on Thursday he may travel to Washington to challenge American counterpart Barack Obama. In the worst flare-up between the ideological enemies since Maduro took power in 2013, Washington earlier this week declared a "national emergency" over "...

  • HOUSTON, Mar 12- Shrinking crude exports from Venezuela to its neighbors has allowed African oil producers to gain a foothold among Latin American buyers, according to traders and data, and sales to one of the world's few regions with strong demand will keep growing. African exports are also growing as Mexico and Brazil lack spare capacity to increase sales to...

  • *Andorra takes control of private-owned bank BPA. ANDORRA LA VELLA, March 11- Andorra's financial authorities said on Wednesday a money laundering probe at Banca Privada D' Andorra had no implications for the rest of its banking sector, as the lender's Spanish unit also distanced itself from the case. Andorra-- a small principality and tax haven in the Pyrenees...

  • CARACAS, March 10- President Nicolas Maduro was seeking special decree powers from Venezuela's parliament on Tuesday in response to new U.S. sanctions, drawing opposition protests of a power-grab. Opposition leaders slammed Maduro, saying he was using the worst flare-up with Washington of his nearly two-year rule to justify autocratic governance,...

  • CARACAS, March 10- President Nicolas Maduro was seeking special decree powers from Venezuela's parliament on Tuesday in response to new U.S. sanctions, drawing opposition protests of a power-grab. Opposition leaders slammed Maduro, saying he was using the worst flare-up with Washington of his nearly two-year rule to justify autocratic governance,...

  • CARACAS, March 9- Venezuela has called in its top diplomat in the United States for consultations after Washington earlier on Monday declared the South American country a national security threat and ordered sanctions against seven officials.

  • US slaps sanctions on Venezuelan officials Monday, 9 Mar 2015 | 12:59 PM ET
    File photo: Children walk past anti-American graffiti in Caracas. President Obama announced new sanctions against seven Venezuelans on March 8, 2015.

    The White House decried arrests made as Venezuelans protested in response to limited access to basic goods.

  • Is Venezuela on route to disaster as sanctions hit? Monday, 9 Mar 2015 | 12:38 PM ET
    A man holds a portrait of late Venezuelan President Hugo Chavez as people gather on the streets of Caracas to commemorate 15 years of the adoption of the new Venezuelan Constitution, Dec. 15, 2014.

    The U.S. tightens the screws on Venezuela just as cash-starved Caracas takes steps to stop hoarding and panic buying.

  • New sanctions on Venezuela Monday, 9 Mar 2015 | 11:56 AM ET
    New sanctions on Venezuela

    The Obama administration announces new sanctions on Venezuela and the targeting of seven specific Venezuelan officials, reports CNBC's Eamon Javers.

  • NEW YORK/ MANAGUA, March 1- Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent people from getting their caffeine fix. Falling coffee production and near-record demand has forced it to buy more higher-priced foreign...

  • CARACAS, Feb 28- Venezuelan President Nicolas Maduro said on Saturday his government had captured American citizens involved in "espionage activities," and said U.S. citizens in the future will have to seek visas to come to the OPEC nation. Speaking during a rally, he said his government will prohibit some U.S. officials from entering Venezuela in retaliation for...

  • Global gasoline-price subsidies evaporate Monday, 23 Feb 2015 | 9:16 AM ET
    Motorists line up at a gas station in Bali, Indonesia.

    The crash in crude prices has some governments taking a hard look at costly subsidies that have kept gas pump prices artificially low.

  • CARACAS, Feb 20- Venezuelans queued up on Friday to purchase U.S. dollars in cash at exchange houses for the first time in 12 years, though prospective buyers complained the new system was tedious and few if any had yet to emerge with greenbacks in hand. A few dozen people queued up inside an Italcambio exchange house in central Caracas on Friday in the hopes of...

  • Ford Motor Co, wrote off its entire investment in Venezuela last month when it took an $800 million pre-tax write down, the company said in response to questions from Reuters. That means no matter how much worse things get in Venezuela it shouldn't have to take further impairment charges. The slow torture of operating in Venezuela led PepsiCo to report last week a...