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Politics Hugo Chavez

  • CARACAS, Nov 3- Venezuela's cash-strapped government invited creditors to a Nov. 13 meeting in Caracas on Friday, after announcing plans to potentially restructure some $60 billion in bonds that sent the OPEC nation's debt prices plunging. Investors were unsure about what he meant, because U.S. sanctions on Venezuela mean refinancing is off the table.

  • Here are some of the key players in Venezuela's debt drama. Maduro tapped El Aissami to lead Venezuela's debt committee, a controversial choice given the vice president has no known prior experience in finance and was sanctioned by the United States this year for alleged drug trafficking. The Treasury Department said El Aissami oversaw or partially owned...

  • CARACAS, Nov 3- President Nicolas Maduro's cash-strapped socialist government invited Venezuelan bondholders to a Nov. 13 meeting in Caracas as a shock decision to restructure the OPEC nation's foreign debt sent prices plunging on Friday. "A sovereign process of debt renegotiation is beginning," said El Aissami, who is heading Venezuela's debt committee...

  • CARACAS, Nov 3- Venezuelan bonds tumbled on Friday after socialist President Nicolas Maduro announced plans to restructure the OPEC nation's external debt during an unprecedented economic crisis further complicated by U.S. sanctions. Venezuela has few avenues to restructure, however, because of President Donald Trump's sanctions. Venezuela's move could...

  • CARACAS, Nov 2- Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find food and medicine. Venezuela has few avenues to do that though because of sanctions by the United States that bar...

  • CARACAS, Nov 2- Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find food and medicine. Venezuela has few avenues to do that though because of sanctions by the United States that bar...

  • CARACAS, Nov 2- Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find food and medicine. Venezuela has few avenues to do that though because of sanctions by the United States that bar...

  • CARACAS, Nov 2- Venezuela President Nicolas Maduro said he wanted to restructure all future foreign debt, given U.S. sanctions, after ordering payment of state oil company PDVSA's $1.2 billion 2017 N bond maturing on Thursday. "We have had to face a real global financial persecution," Maduro said, adding that OPEC member Venezuela had paid $71.7 billion in debt...

  • CARACAS, Nov 2- Venezuelan state oil company PDVSA faces a $1.2 billion bond payment on Thursday that will test the ruling Socialist Party's resolve to pay its foreign debt despite a crippling economic crisis that has spurred widespread food shortages. However, most economists say a default is increasingly likely in the medium term as Venezuela's collapsing...

  • CARACAS, Nov 2- Venezuelan state oil company PDVSA faces a $1.2 billion bond payment on Thursday that will test the ruling Socialist Party's resolve to pay its foreign debt despite a crippling economic crisis that has spurred widespread food shortages and malnutrition among children. Maduro insists his government will pay all its debts but says it is a victim...

  • Investors had fretted this week that cash-flow problems and regulatory hurdles resulting from U.S. sanctions on the government of President Nicolas Maduro might leave the company unable to make the nearly $1 billion payment. Venezuela's socialist policies have resulted in an economic depression, soaring inflation, and shortages of food and medicine,...

  • Investors had fretted this week that cash-flow problems and regulatory hurdles resulting from U.S. sanctions on the government of President Nicolas Maduro might leave the company unable to make the nearly $1 billion payment. Venezuela's socialist policies have resulted in an economic depression, soaring inflation, and shortages of food and medicine,...

  • Default would increase the financial isolation of Venezuela, which is struggling under Soviet-style product shortages and triple-digit inflation, and put additional pressure on a population already facing rising malnutrition. But markets broadly believe Venezuela is willing and able to pay and any delay would thus be a result of factors beyond PDVSA's...

  • CARACAS, Oct 16- Venezuela's opposition cried foul on Monday over the ruling socialists' win in gubernatorial elections, raising the threat of more foreign sanctions following the vote in what the United States called "an authoritarian dictatorship." President Nicolas Maduro's candidates took 17 governorships, versus five for the opposition, in Sunday's...

  • CARACAS, Oct 16- Venezuela's opposition cried foul on Monday over the ruling socialists' surprise win in gubernatorial elections, raising the prospect of more foreign sanctions against the country as France and the United States both criticized the vote. President Nicolas Maduro's candidates took 17 governorships, versus five for the opposition, in...

  • CARACAS, Oct 16- Venezuela's opposition refused on Monday to recognize a surprise win for the ruling socialists in weekend gubernatorial elections, raising the prospect of new protests and foreign sanctions against President Nicolas Maduro's government. "Neither Venezuelans nor the world will swallow this fiction," said opposition campaign chief Gerardo...

  • CARACAS, Oct 16- Venezuela's opposition refused on Monday to recognize a surprise win for the ruling socialists in weekend gubernatorial elections, raising the prospect of new protests and foreign sanctions against President Nicolas Maduro's government. The Socialist Party's strong showing came despite devastating food shortages, triple-digit...

  • CARACAS, Oct 16- Venezuela's opposition refused on Monday to recognize a surprise win for the ruling socialists in weekend regional elections, potentially rekindling protests and fresh foreign sanctions on the oil-rich country's moribund economy. President Nicolas Maduro's candidates took 17 governorships, versus six for the opposition, in Sunday's...

  • CARACAS, Oct 16- Venezuela's opposition refused on Monday to recognize a surprise win for the ruling socialists in weekend regional elections, potentially rekindling protests and fresh foreign sanctions on the oil-rich country's moribund economy. The pro-government electoral board said President Nicolas Maduro's candidates took 17 governorships,...

  • CARACAS, Oct 15- President Nicolas Maduro's government won a majority of governorships in Venezuela's regional election on Sunday, drawing fraud suspicions from the opposition whom polls had shown poised for a big win. Electoral board president Tibisay Lucena said the ruling Socialist Party took 17 governorships, versus five for the opposition Democratic...