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US blasts Maduro move to sideline opposition

Caracas - The United States accused Venezuela's President Nicolas Maduro Monday of a dictatorial bid to wipe his opponents of the political map following his latest poll victory, after he declared the main opposition cannot take part in next year's presidential ...

Venezuelan leader says no to opposition in presidential race

Caracas - Venezuela's President Nicolas Maduro announced Sunday that leading opposition parties will be barred from taking part in next year's presidential vote after they boycotted mayoral polls, in a move set to further consolidate his grip on power.

Polls open as Venezuelan president eyes wins in local votes

Caracas - Venezuelans headed to the polls Sunday for mayoral elections in which an opposition boycott and voter enthusiasm undercut by economic crisis give President Nicolas Maduro's party a clear path to victory.

Venezuela in new defaults on two bonds: ratings agency

Caracas - Crisis-wracked Venezuela has defaulted on two bonds, failing to make a $183 million coupon payment, ratings agency S&P said Friday.

Maduro's socialists set for mayoral poll win in Venezuela

Caracas - Venezuela's President Nicolas Maduro is set for the latest in a sweep of poll victories in mayoral elections on Sunday, with the opposition showing little sign they can prevent his re-election next year.

Venezuela's UN ambassador says resigning at Maduro's request

Caracas - Caracas' ambassador to the United Nations, Rafael Ramirez, said in a letter released Tuesday he was standing down at the request of Venezuela's President Nicolas Maduro, as a feud between the two worsened.

Venezuela creating digital currency amid financing crisis

Caracas - Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday.

Venezuela arrests former oil bosses in corruption purge

Caracas - Venezuela's military on Thursday arrested the country's former oil minister and the ex-chief of state oil company PDVSA after both men were sacked as part of an anti-corruption crackdown.

Venezuela arrests former oil bosses in corruption purge

Caracas - Venezuela's military on Thursday arrested the country's former oil minister and the ex-chief of state oil company PDVSA after both men were sacked as part of an anti-corruption crackdown.

Venezuela's Maduro to seek 2nd term in 2018: vice president

Caracas - Venezuela's President Nicolas Maduro -- who is battling a crippling economic crisis in his oil-rich, cash-poor nation -- will seek re-election next year, Vice President Tareck El Aissami said Wednesday.

General named to head debt-ridden Venezuelan oil company

Caracas - Venezuela's President Nicolas Maduro on Sunday named a general to head debt-ridden PDVSA and ordered a "total restructuring" at the state oil giant, in a move that emphasized military support for his regime.

Venezuela government distributes medicine amid shortage

Caracas - Venezuela launched a program Saturday to hand out medicine to 35,651 patients, blaming US sanctions for a shortage, even as doctors say 95 percent of all drugs are missing.

Venezuela: PDVSA makes payments on $233 million debt

Caracas - Venezuela's state-owned oil firm PDVSA said Friday it has started to repay $233 million in interest on two bonds nearing default, days before the end of the 30-day grace period.

Chavez cousin to lead Citgo, PDVSA's arm in US

Caracas - Venezuelan President Nicolas Maduro on Wednesday named Asdrubal Chavez -- a cousin of late leader Hugo Chavez -- to lead Citgo, the state oil company's US affiliate.

Venezuela debt defaults pile up with fresh S&P warning

Caracas - Venezuela moved closer to a possible all-out default on Wednesday, with ratings agency S&P Global saying the country had failed to make repayments on two more loans.

Venezuela in fresh defaults on two bonds: S&P

Caracas - Venezuela failed to make repayments totalling $237 million on two loans, which have overrun their 30-day grace period, ratings agency S&P announced Wednesday.

Venezuela arrests six top executives from PDVSA's US subsidiary Citgo

Caracas - Venezuela on Tuesday arrested the acting president and five other top executives in charge of Citgo, the US refinery subsidiary of troubled state oil company PDVSA, on corruption charges.

PDVSA, Venezuela's oil gem far from its golden age

Caracas - A pillar of Venezuela's economy, PDVSA was in its heyday one of the five top oil companies on the planet.

Venezuela 'selective default' declared, govt insists it is paying up

Caracas - Venezuela and the jewel of its petroleum-dependent economy, state oil company PDVSA, were declared in partial default by ratings agencies Tuesday, but the government insisted it was in the process of paying up.

Venezuelan officials arrested for graft in state oil company

Caracas - Venezuelan police have arrested a deputy minister and nine officials from state oil company PDVSA for allegedly doctoring crude production figures, the state prosecutor's office said Monday.
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