Politics Hugo Chavez

  • CARACAS, June 17- Jamaica's government said on Monday it already owns the 49% stake in a refinery on the island formerly held by Venezuelan state oil company PDVSA, after the South American country's opposition requested it not expropriate the shares. Jamaica's Senate in February passed legislation clearing the way for the government to acquire the 49% stake...

  • CARACAS, May 3- Venezuela's central bank has begun using piles of cash rather than electronic transfer to sell foreign exchange to local banks, according to five finance sector sources, a sign of how the nation's economy has become increasingly primitive amid a hyperinflationary meltdown. Foreign banks have become increasingly unwilling to carry out...

  • WASHINGTON, April 26- The United States on Friday imposed sanctions on Venezuela's Foreign Minister Jorge Arreaza, saying it would pursue those in President Nicolas Maduro's government for corruption as well as officials conducting diplomacy on his behalf. Arreaza and a judge in the Court of Appeals for Caracas, Carol Padilla, were targeted in the latest...

  • It would follow a March decision by the World Bank's International Center for Settlement of Investment Disputes to impose the largest arbitration award against Venezuela. George Kahale, a U.S. attorney who represented the Venezuelan government before the World Bank tribunal, did not immediately respond to a request for comment. Venezuela's information...

  • VALENCIA, Venezuela, April 12- The latest power outage started another tough week for factory owner Antonello Lorusso in the city of Valencia, once Venezuela's industrial powerhouse. Lorusso's packaging plant, Distribuidora Marina, had already struggled through years of hyperinflation, vanishing client orders, and a flight of employees.

  • Vice President Mike Pence on Friday stepped up efforts to force Venezuelan President Nicolas Maduro from office by imposing new sanctions on its oil shipments, and promising "stronger action" against Cuba for helping to keep the regime afloat. "The United States will continue to exert all diplomatic and economic pressure to bring about a peaceful transition...

  • HAVANA, March 14- Cuba has jettisoned rhetorical restraint toward the United States and is broadcasting footage of military defense exercises in the face of threats and new sanctions from the administration of President Donald Trump. Not anymore, as the United States is increasingly blaming Cuba's Communist government for the political crisis in its...

  • CARACAS, March 8- Venezuela's power supply remained patchy on Friday after the worst blackout in decades paralyzed most of the country, exacerbating hardship for millions of people already suffering from hyperinflation and widespread shortages of basic goods. Power went out across the recession-stricken country on Thursday afternoon due to a problem at...

  • CARACAS, March 8- Venezuela began restoring power on Friday after the worst blackout in decades paralyzed most of the country, exacerbating hardship for millions of people already suffering from five years of recession and widespread shortages of basic goods. Power went out across the recession-stricken country on Thursday afternoon due to a problem at...

  • CARACAS, March 8- Venezuela shut schools and suspended the workday as the worst blackout in decades paralyzed most of the country for a second day on Friday, while China warned Western nations against meddling in the South American country's domestic affairs. Power went out across the recession-stricken country on Thursday afternoon due to a problem at...

  • CARACAS, March 8- Venezuela shut schools and suspended the workday on Friday as the worst blackout in decades paralyzed most of the troubled nation for a second day, spurring outrage among citizens already suffering from hyperinflation and a crippling recession. While blackouts are routine in many Venezuelan provinces, particularly along the western...

  • EL JUNQUITO, Venezuela, Feb 27- Local opposition leader Jose Rengel has spent almost five weeks in a cramped detention cell on the outskirts of the Venezuelan capital Caracas, after a single witness accused him of leading a riot that burned down a public building. Rengel was arrested together with eight other men on January 24 after the witness- a member of the...

  • Feb 21- A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter. Venezuela's National Assembly, led by opposition leader and...

  • Feb 21- Members of boards of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. subsidiaries arrived at Citgo Petroleum's Houston headquarters, two people familiar with the matter said on Thursday. Venezuela's National Assembly, led by opposition leader and self-proclaimed president...

  • Feb 11- U.S. glass container maker Owens-Illinois Inc has sued Venezuela and state-owned companies as it seeks to collect a $500 million arbitration award over the 2010 nationalization of two plants, according to a lawsuit filed on Monday. Owens-Illinois was granted the award in 2015 by the International Centre for Settlement of Investment Disputes, which...

  • HAVANA, Feb 7- Some foreign businesses in Cuba are scrambling to defend their interests while others are rethinking the risk as the Trump administration bears down on Venezuela and Cuba, according to a dozen experts, diplomats and businessmen. To make matters worse, the fall of Cuban ally President Nicolas Maduro's socialist government in Venezuela would be a...

  • Venezuela's President Nicolas Maduro, right, walks with Chinese President Xi Jinping as they arrive to a welcoming ceremony at the Great Hall of the People on January 7, 2015 in Beijing, China.

    China and Russia are doubling down on their support for Venezuela's embattled president, and some say that has a lot to do with the billions of dollars Caracas still owes to Beijing and Moscow.

  • MADRID/ OTTAWA, Feb 4- Major European nations joined the United States on Monday in recognizing opposition leader Juan Guaido as Venezuela's legitimate head of state, while members of a separate regional bloc kept up the pressure on socialist President Nicolas Maduro. The coordinated recognition by a flood of European Union nations including Britain,...

  • *Russia accuses EU of foreign meddling, Italy divided. BRUSSELS/ MADRID, Feb 4- Eleven European nations joined the United States in recognizing opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. The European Union members' coordinated move followed the expiry of an...

  • *Russia accuses EU of foreign meddling, Italy divided. BRUSSELS/ MADRID, Feb 4- Eleven European nations joined the United States in recognising opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. The European Union members' coordinated move followed the expiry of an...