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Politics Hugo Chavez

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...

  • CARACAS, Jan 10- Venezuela's government is in talks to buy the country's top private bank, Banesco, for $3.5 million, a top Socialist Party official said on Wednesday, potentially expanding state control over a banking sector struggling under soaring inflation. Socialist Party Vice President Diosdado Cabello said talks would begin this week and that Banesco...

  • CARACAS/ HOUSTON, Dec 29- Venezuela is investigating Rafael Ramirez, a once powerful oil minister and former head of state oil company PDVSA, in connection with an alleged $4.8 billion Vienna- based corruption scheme, the state prosecutor's office announced on Friday. Venezuela ordered the removal of Ramirez from his post as representative to the United...

  • CARACAS/ CIUDAD GUAYANA, Venezuela, Dec 26- There was no way Jose Ramon Garcia, a food transporter in Venezuela, could afford new tires for his van at $350 each. "Repairs cost an arm and a leg in Venezuela," said the now-unemployed 42- year-old Garcia, who has a wife and two children to support in the southern city of Guayana. A black market in hard currency has spread in...

  • CARACAS/ HOUSTON, Dec 15- Decisions at some joint ventures with foreign firms are delayed. An alleged crackdown on graft in Venezuela, seen by critics as an effort by President Nicolas Maduro to consolidate power, has sown panic across the country's energy industry and all but paralyzed state-run Petroleos de Venezuela SA, or PDVSA, according to people at the...

  • CARACAS, Dec 12- Venezuela will open a criminal investigation of former oil czar Rafael Ramirez, the country's chief prosecutor said on Tuesday, as part of a broad shakeup of the OPEC nation's oil industry that has resulted in the arrest of dozens of executives. Ramirez, who until this month served as Venezuela's representative at the United Nations, denies being...

  • Dec 7- Sinopec USA, a subsidiary of Chinese oil and gas conglomerate Sinopec, has sued Venezuela's state oil company PDVSA in a U.S. court, claiming it never received full payment for an order of steel rebar. The legal action signals a split with another of Venezuela's biggest backers as the cash-strapped country seeks to restructure some $60 billion in debt in a...

  • HOUSTON, Dec 6- Venezuela's former oil czar Rafael Ramirez said on Wednesday the government would make one of its "worst political moves" if investigators target him in an anti-corruption purge, which is gaining traction ahead of the country's 2018 presidential election. Friction between Ramirez and President Nicolas Maduro reflect growing rifts in the...

  • Dec 6- Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela's state oil company PDVSA in a U.S. court, claiming it never received full payment for an order of steel rebar. The legal action signals a split with another of Venezuela's biggest backers as the cash-strapped country seeks to restructure some $60 billion in debt in a...

  • HOUSTON, Dec 6- Venezuela's former oil czar Rafael Ramirez, recently pushed out of his position as ambassador to the United Nations, told Reuters in an interview he is waiting for the right time to go back to his country, where politicians are battling ahead of the 2018 presidential election and an anti-corruption probe is expanding. The probe so far has focused on...

  • He accused Del Pino of participating in a $500 million corruption and sabotage scheme at the Petrozamora joint venture with Russia's Gazprombank and said Martinez had allowed a poor refinancing deal for Venezuela's Citgo Petroleum Corp, a U.S.-based refiner that he used to lead, to go ahead without government approval. Some 65 executives have been detained...

  • He accused Del Pino of participating in a $500 million corruption and sabotage scheme at the Petrozamora joint venture with Russia's Gazprombank and said Martinez had allowed a poor refinancing deal for Venezuela's Citgo Petroleum Corp, a U.S.-based refiner that he used to lead, to go ahead without government approval. Some 65 executives have been detained...

  • The arrests of Del Pino and Martinez put attention on Rafael Ramirez, who was Venezuela's oil czar for a decade and under whom both men ascended. Authorities appear to be seeking information on Ramirez from Del Pino and Martinez as splits widen in the ruling Socialist Party, according to one source with knowledge of the detentions. Del Pino was picked up at his...

  • CARACAS/ HOUSTON, Nov 29- Venezuela has ordered the removal of Rafael Ramirez, once a powerful oil minister and head of state oil company PDVSA, from his post as representative to the United Nations in New York, four sources with knowledge of the matter said on Wednesday. Though the decision will not affect the OPEC nation's struggling oil industry, it may help...

  • CARACAS/ HOUSTON, Nov 29- Venezuela has removed Rafael Ramirez, once a powerful oil minister and president of state oil company PDVSA, from his post as representative to the United Nations in New York, four sources with knowledge of the matter said on Wednesday. The news would cement Ramirez' fall from grace under leftist President Nicolas Maduro, who had sent...

  • CARACAS, Nov 29- Venezuela has removed Rafael Ramirez, once a powerful oil minister and president of state oil company PDVSA, from his post as representative to the United Nations in New York, four sources with knowledge of the matter said on Wednesday. President Nicolas Maduro this week launched an oil industry shake-up by naming a military officer to head PDVSA...

  • CARACAS, Nov 27- A general appointed at the weekend to run Venezuela's energy sector will name more military officers to senior management posts at state oil company PDVSA as part of a shakeup the government says is aimed at fighting corruption, two company sources told Reuters on Monday. In a surprise move, unpopular leftist President Nicolas Maduro on Sunday...

  • "I am the new president-elect of Honduras," Nasralla, 64, wrote on Twitter after the results were announced. The United States has longstanding military ties to Honduras and few ideological allies among the current crop of Central American presidents. Honduras is still trying to overcome the after effects of a 2009 coup that arose after former President Manuel...