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Politics Hugo Chavez

  • CARACAS, Sept 15 (Reuters)- Venezuela published the price of its oil and fuel in Chinese currency on Friday in what it called an effort to free the socialist-run country from the "tyranny of the dollar," echoing a plan recently announced by President Nicolas Maduro. Maduro last week said his government would shun the dollar after the United States announced...

  • CARACAS, Sept 15- Venezuela on Friday published the price of its oil and fuel in Chinese currency for the first time, following President Nicolas Maduro's announcement that the government would ease off the U.S. dollar in response to sanctions by the United States. Maduro last week said his government would shun the dollar after Washington blocked Americans...

  • CARACAS/ HOUSTON, Aug 30- U.S. sanctions on the finance boss of Venezuela's oil company PDVSA have led to some exports to the United States being blocked as banks and investment funds refuse to provide letters of credit to potential buyers, three financial sources said. A Venezuelan oil shipment to the United States was blocked this month as lenders refused to...

  • The company's aggressive legal gambit shows the risks that Venezuela faces in moving funds through the U.S. financial system, which is crucial for the country to pay its bondholders, amid increased pressure from the United States. The U.S. District Court for the Southern District of New York issued a writ of execution on July 26 in favor of Crystallex against...

  • WASHINGTON, Aug 23- The Trump administration is considering additional sanctions against Venezuela's government, including a ban on trading the country's debt, a U.S. administration official with knowledge of discussions said on Wednesday. The Wall Street Journal, which first reported on Tuesday the possibility that the United States could prohibit...

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. "Unfortunately we are in the worst moment of the relationship with the government of the United States," said Maduro.

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. President Donald Trump should be respectful of each other and that relations between Venezuela and the United...

  • CARACAS, Aug 15- Canadian miner Crystallex is seeking to seize shares in a subsidiary of Venezuelan state oil company PDVSA that owns U.S. refiner Citgo as part of a dispute over Venezuela's 2008 takeover of the Las Cristinas gold mine, according to court filings. Crystallex on Monday asked the U.S. District Court in Delaware to attach shares in Delaware- based PDV...

  • HAVANA, Aug 15- Cuban trade with socialist ally Venezuela has fallen 70 percent since 2014 due to the South American oil producer's inability to meet delivery contracts and purchase goods as it struggles with low oil prices and a resulting economic meltdown. A cash crunch and lower oil supplies from Venezuela have forced the Communist-run Caribbean island to...

  • HAVANA, Aug 15- Cuban trade with socialist ally Venezuela has fallen 70 percent since 2014 due to the South American oil producer's inability to meet delivery contracts and purchase goods as it struggles with low oil prices and a resulting economic meltdown. A cash crunch and lower oil supplies from Venezuela have forced the Communist-run Caribbean island to...

  • HAVANA, Aug 15- Cuban trade with socialist ally Venezuela has fallen 70 percent since 2014 due to the South American oil producer's inability to meet delivery contracts and purchase goods as it struggles with low oil prices and a resulting economic meltdown. A cash crunch and lower oil supplies from Venezuela have forced the Communist-run Caribbean island to...

  • HAVANA, Aug 15- Cuban trade with socialist ally Venezuela has fallen 70 percent since 2014 due to the South American oil producer's inability to meet delivery contracts and purchase goods as it struggles with low oil prices and a resulting economic meltdown. A cash crunch and lower oil supplies from Venezuela have forced the Communist-run Caribbean island to...

  • Crystallex is seeking to collect on a $1.4 billion award it won via a World Bank arbitration panel in 2016.. The company on Monday asked the United States District Court for the District of Delaware to attach shares in Delaware- based PDV Holding, a PDVSA subsidiary that owns of refining and marketing company Citgo Petroleum. Companies ranging from U.S. oil giant...

  • Vice President Mike Pence sought to calm concerns in the region about Trump's talk, promising a peaceful solution to Venezuela's "collapse into dictatorship." Thousands of government supporters rallied in Caracas where they dennounced Trump's suggestion of a "military option" to resolve Venezuela's crisis. Over 120 people have been killed since...

  • CARACAS, Aug 13- The Venezuelan government has recovered some weapons stolen in the Aug. 6 attack on a military base, and a manhunt now includes arrest requests for alleged anti-government plotters hiding in Miami, the nation's intelligence chief said on Sunday. In a dramatic escalation of Venezuela's political crisis, a group of current and former military...

  • Caracas/ Houston, Aug 11- Venezuelas unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters. Venezuela's state-owned oil firm, Petroleos de Venezuela, has been secretly negotiating since at...

  • CARACAS, Aug 9- Venezuela's asphyxiating economy will contract between 7 and 10 percent this year, the head of the country's main business chamber Fedecamaras said on Wednesday at the Reuters Latin America Investment Summit in Caracas. "We do not see that the National Constituent Assembly is going to be a solution, rather we believe that it will deepen, in a very...

  • CARACAS, Aug 9- Inflation in Venezuela's crisis-hit economy quickened to 248.6 percent in the first seven months of the year, the opposition-led congress said on Wednesday in the absence of official data. Economic hardship in Venezuela, where there are severe food shortages, is fueling unrest that has led to over 120 deaths in the last four months.

  • CARACAS, Aug 7- Venezuela appears to be sliding toward a more volatile stage of unrest after anti-government forces looted weapons during a weekend raid on a military base and frustration over what some see as an ineffectual opposition leadership boils over. Last week's installation of an all-powerful new legislative body run by leftist President Nicolas...

  • CARACAS/ HOUSTON, Aug 8- To survive months of street protests and an economy in tailspin, Venezuelan President Nicolas Maduro is trying to turn state oil company PDVSA into a bastion of support, further degrading an already vulnerable enterprise. The increasing focus on politics over performance is contributing to a rapid deterioration of Venezuela's oil...