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Business Venezuela

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  • CARACAS, April 14- Venezuela's state oil company PDVSA has offered to buy oil and gas producer Harvest Natural Resources Inc's stake in the Petrodelta joint venture, a source close to PDVSA said on Tuesday. The company has twice been poised to sell its minority stake but said the OPEC country blocked the transaction. In 2013 a deal with Indonesia's oil company...

  • CARACAS, April 10- Venezuela's flavorful cocoa, coveted centuries ago by pirates and now a darling of specialty producers, will not be enriching foreign chocolate bars any time soon. "They're ruining the reputation of Venezuela as a cocoa exporter," said group President Alejandro Prosperi. Still, the holdup highlights the risks for businesses in highly...

  • KINGSTON, April 9- President Barack Obama on Thursday unveiled a major clean energy partnership at a Caribbean summit where he sought to reassert U.S. leadership in the region at a time when oil-producing Venezuela's economic clout appears to be receding. The review is being studied by the White House, and a green light for Havana's removal would open the door to...

  • Brazil to Mexico: Latin America's image problem Wednesday, 8 Apr 2015 | 10:56 AM ET
    Dilma Rousseff, president of Brazil

    Leaders in Brazil, Mexico, Venezuela, Chile and elsewhere in Latin America are facing a choice: Clean up — or they'll be out.

  • Cramer: Oil patch is ready for buyers again Wednesday, 1 Apr 2015 | 6:32 PM ET
    oil crude gas

    Jim Cramer makes a call for investors to snap up these stocks in the oil patch. The positives cannot be ignored!

  • Gotta be brave to set up shop in these places Tuesday, 31 Mar 2015 | 12:01 AM ET
    People attend Dutch National Tulip Day in front of the Royal Palace at Dam Square, in Amsterdam, Netherlands.

    Businesses can lower risk to their supply chains by setting up shop in these countries, a study says.

  • Things that will happen if Venezuela implodes Wednesday, 25 Mar 2015 | 2:57 PM ET
    A bank note with the face of Venezuela's President Nicolas Maduro and the word "devaluated" at a market in Caracas.

    Venezuela is on the brink, and the country's debtholders, trade partners and neighbors are bracing for the fallout.

  • 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.