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  • PUERTO CABELLO, Venezuela, Dec 1- In June, President Nicolas Maduro smiled as he sealed a multimillion-dollar food import deal with his Uruguayan counterpart designed to combat shortages ahead of Venezuela's legislative elections. That put a brake on the shipments to Venezuela. Hit by recession and a slump in oil prices, Venezuela faces a cash crunch, hurting...

  • *Ukraine, Venezuela, Argentina 2015 top global performers. LONDON, Nov 30- Labelled the emerging market "toxic trio" until not so long ago, the high-yielding bonds of Ukraine, Argentina and Venezuela have come up smelling of roses for those who were brave enough to buy into them at the start of the year. Ukraine's debt restructuring, pro-business Maurico Macri's...

  • This will drive markets in 'most important' week Monday, 30 Nov 2015 | 6:35 AM ET

    Markets could be in for macro overload in the week ahead with central bankers, Friday's jobs report and OPEC dominating the headlines.

  • Crisis-hit Venezuela loses faith in 'revolution' Saturday, 28 Nov 2015 | 10:10 AM ET
    Supporters of Venezuelan President Hugo Chavez hold an allusive poster while gathering in front of the Military Hospital in Caracas on March 5, 2013, after knowing of their leader's death.

    The movement called "The Beautiful Revolution" is ailing ahead of Dec. 6 legislative elections — including in Sabaneta, Hugo Chavez's hometown.

  • BUENOS AIRES, Nov 25- American Airlines has stopped accepting Argentine pesos to pay for tickets due to currency controls that make it hard to convert receipts into U.S. dollars, local media and one of the airline's sales agents said on Wednesday. It started two days ago, "said an American Airlines sales agent contacted by Reuters. American Airlines, however, will...

  • BUENOS AIRES, Nov 25- American Airlines has stopped accepting Argentine pesos to pay for tickets due to currency controls that make it hard to convert receipts into U.S. dollars, local media and one of the airline's sales agents said on Wednesday. It started two days ago, "said an American Airlines sales agent contacted by Reuters. American Airlines, however, will...

  • Saudis stir speculation, but OPEC less relevant Monday, 23 Nov 2015 | 3:57 PM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    OPEC is not expected to change its pricing policy and the organization heads into its meeting next week less relevant than ever.

  • Oil prices have just bounced—here's why Monday, 23 Nov 2015 | 9:29 AM ET
    Employees work on an offshore oil platform in the Persian Gulf, off of Saudi Arabia.

    Crude prices slumped, rebounded sharply and then dropped again after Saudi Arabia said it would cooperate to help stabilize the oil market.

  • MOSCOW, Nov 13- Russian President Vladimir Putin had a telephone conversation with his Venezuelan counterpart Nicolas Maduro, the Kremlin said on Friday. The two leaders discussed bilateral relations including in the energy sector, the Kremlin said. They agreed to meet on Nov. 23 at summit of gas-exporting countries in Teheran, Maduro said on state television...

  • CARACAS, Nov 11- Oil ministers of OPEC nations will hold a "candid, informal" meeting on Dec. 3, a day before the group's formally scheduled encounter, Venezuela's energy minister said on Wednesday, adding the idea was suggested by Saudi Arabia. Price-hawk Venezuela has been pushing for OPEC action to boost prices. "After our calls for the need for OPEC to do something,...

  • Venezuelan prosecutor: I railroaded opposition Saturday, 24 Oct 2015 | 4:23 PM ET
    Venezuelan President Nicolas Maduro speaks to the media following a meeting with UN chief Ban Ki-moon at the United Nations headquarters in New York on July 28, 2015

    A Venezuelan prosecutor who helped bring a case against the opposition leader is claiming he was pressed into filing false charges.

  • CARACAS, Oct 23- Venezuela's Central Bank filed a lawsuit on Friday with allegations of "cyber-terrorism" against a U.S.-based website that tracks the OPEC member's currency black market. The lawsuit, in the U.S. District Court for the District of Delaware, named three Venezuelans in the United States as being behind the site: Gustavo Diaz, Ivan Lozada and Jose...

  • *Trading houses expect OPEC to keep focus on market share. LONDON, Oct 21- Saudi Arabia and the other big Middle East oil producers in OPEC will keep pumping hard to build market share despite mounting over-supply that has brought prices to six-year lows, the world's top traders say. Caracas has proposed that the cartel, source of more than a third of the world's oil,...

  • CARACAS, Oct 20- President Nicolas Maduro's government predicted on Tuesday that Venezuela's inflation, already the world's highest, would be 85 percent in 2015 and 60 percent next year. Critics say Venezuela's runaway price rises- together with product shortages and a shrinking economy- are evidence of a failed socialist model of price and currency controls...

  • CARACAS, Oct 20- Venezuela's proposed 2016 government budget foresees the maintenance of the OPEC nation's strongest official exchange rate of 6.3 bolivars per dollar despite speculation of a devaluation after December parliamentary elections. Earlier, presenting the proposed budget to parliament, Finance Minister Rodolfo Marco said it was based on an...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil expert John Kilduff explains why a "pile up" of bearish factors this week could spark the next leg lower for crude.

  • CARACAS, Oct 20- Venezuela's proposed 2016 government budget is based on an estimate of $40 per barrel for the OPEC nation's oil exports, Finance Minister Rodolfo Marco said in a presentation to congress on Tuesday. The budget calls for spending of 1.55 trillion bolivars, Marco said, equivalent to $247 billion at the strongest official exchange rate and more...

  • The poll also suggests that those few economies which have perked up this year, particularly the United States, the euro zone and Britain, are increasingly exposed to waning global demand and may not be able to maintain their momentum. "Worryingly, for the regions that have shown the most resilience- the U.S. and Europe- the outlook seems to become more clouded," wrote...

  • Crude oil slump is taking a toll on residents of Venezuela

    Venezuela is seeing rampant inflation with food prices spiking 22.2% in August from the previous month, according to new research.

  • HOUSTON/ NEW YORK, Oct 14- The safe money for oil traders is betting that Venezuela's plan to resurrect OPEC's old price band mechanism, attempting to set a $70 floor for the battered market, will be doomed from the start. Ramirez, by contrast, was the public face of Venezuela's oil policy for over a decade, working closely and often with Saudi Oil Minister Ali al-Naimi-...