Venezuela News

Venezuela is now going towards independence, and the United States is frantic. That’s why you have this hysteria about Chavez. It’s not because he’s attacking anyone or anything like. It’s hysteria because he’s not following orders. It’s kind of like Serbia, but much more serious, because this is a big energy producer.

VENEZUELAN Ambassador to Nigeria, Enerique Fernando Arrundell, could not have offered his advice on Nigeria's management of its petroleum resources at a better time.

By Jeremy Morgan Latin American Herald Tribune staff CARACAS -- New force appears to have been injected into President Hugo Chavez's once much-vaunted and controversial policy of expropriating rural land which his officials deem to be lying idle or not being put to productive use.

Western Hemisphere The armies of Nicaragua and Venezuela will conduct military exercises aimed at training their air and naval forces, reported on Thursday official sources in Managua.

Politics The French Navy interdicted a sailboat carrying 968 kilograms of cocaine estimated at about USD 59.7 million bound to the Netherlands Antilles from Venezuela, the French government reported on Friday.

CARACAS (Dow Jones)--Venezuela's currency fell sharply against the dollar in black market trading Thursday, reaching a two-month low as worries over bank nationalizations spurred local investors and everyday Venezuelans to trade in bolivars for greenbacks.

Colombia's energy minister says drought has forced his country to reduce exports of electricity to neighboring Venezuela and Ecuador.

Venezuelan President Hugo Chavez has signed a decree ordering the establishment of Cadena de Hoteles Caribes de Venezuela, a state-owned hotel chain, with an initial capital of VEF 20mn .

Chavez said that the opposition wants to win the National Assembly elections of next year so that it can make a "constitutional" coup like in Honduras to get him out.

Western Hemisphere The Colombian government denied on Wednesday claims that Bogot is preparing a military attack against Venezuela, and denounced Venezuelan Vice President Ramn Carrizles arguing that Colombia's stance has been "not to fall into provocations" despite "insults." "The facts speak for themselves," Colombian Defense Minister Gabriel ...

The Dominican Republic Wednesday accepted a request from Colombian President Alvaro Uribe to mediate the conflict between Colombia and Venezuela.

Mérida, November 29th 2009 (Venezuelanalysis.com) -- The president of the Palestinian National Authority, Mahmoud Abbas, addressed the Venezuelan National Assembly (AN) and met with President Hugo Chavez on Friday in Caracas, and the Venezuelan government pledged its support for the establishment of a sovereign Palestinian state.

“We demand that the international community and the world understand that for sixty years, Palestine has wanted to live as a free, peaceful, independent, and sovereign country like the rest of the countries in the world,” said Abbas in the National Assembly. “We have inherited the [task] of constructing a democratic state in Palestine where Jews, Christians, and Muslims live in equal conditions,” he said.

Venezuela's leftist President Hugo Chavez issued a fresh warning against private banks Wednesday, threatening to place them all under government control two days after closing four institutions.

Venezuela's benchmark dollar bonds plunged, sending yields to a four-month high, after President Hugo Chavez threatened to seize more banks following the governments takeover of four lenders.

Colombian President Alvaro Uribe said Venezuela has put up an illegal trade embargo that is becoming a a oeBerlin Wall,a cutting off the South American neighbors.

Chavez, a fierce U.S. critic allied with Cuba, has ordered Colombian imports cut as his government protests Uribe's plan to allow U.S. troops more access to bases for joint initiatives against cocaine lords and leftist rebels.

In his visit to Estoril, Portugal to take part in the Iberoamerican Summit, Mexico's former president, Vicente Fox, recommended president Uribe to refrain from seeking a third term in office.

Colombiaa s peso bonds gained, pushing yields near a three-year low, as investors bet inflation slowed last month, boosting appetite for fixed-rate securities.

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Venezuela has expelled hundreds of miners from Colombia and other countries without warning, causing chaos in this border town, Colombia's Defense Minister Gabriel Silva has said.