January 30, 2003 |
Under intense pressure from President Hugo Chavez, Venezuela's banks agreed Wednesday to abandon a 59-day-old opposition strike, delivering a new blow to the faltering drive to oust the controversial leader. The National Banking Council said its members will return to normal operating hours Monday. For two months, banks have been open just three hours a day. "I think it's great," said Juan Pardo, 50, as he stood in line to cash a check. Chavez pressured the banks to reopen.
January 20, 2009 |
A succession of violent incidents in Venezuela, including the armed takeover of the Caracas city hall, point to an ugly campaign ahead of a Feb. 15 vote that could lift term limits on President Hugo Chavez. A group of 40 armed men who said they were Chavez supporters were still in control of city hall Monday evening, two days after they forced their way in, handcuffed two security officers and declared the building "recovered for the revolution," a mayoral spokesman said.
March 9, 2003 |
Secret police swooped in on an anti-government demonstration Saturday in Caracas in a failed attempt to arrest a strike leader who had emerged from hiding to address the rally. The police fired shots into the air and launched tear gas canisters to disperse protesters, who smashed police vehicle windows, local television reported. There were no immediate reports of injuries or arrests.
February 10, 2012 |
When Deborah Borda, president of the Los Angeles Philharmonic, talks about her orchestra's 10-day concert tour to Venezuela that begins Friday, she uses two pointed descriptive terms. One is "critical mass. " Another, delivered with a chuckle, is "insane. " She also might have added potentially "transformative" and, perhaps, "risky. " Borda calls the tour, a multi-pronged endeavor built around the L.A. Phil's performances of Gustav Mahler's nine finished symphonies, "the biggest thing we've done since we opened Walt Disney Concert Hall" in 2003.
April 11, 2007 |
Government officials announced that Venezuela would gain total control over the country's largest telecommunications firm, CA Nacional Telefonos de Venezuela, or CANTV, before June 4 by purchasing at least 70% of the shares traded on the New York Stock Exchange.
October 9, 2006 |
Venezuela said it would ship 350,000 barrels of heavy diesel oil to Nicaragua under an energy deal aimed at helping leftist front-runner Daniel Ortega win that nation's presidential election next month. The announcement came a day after Venezuela delivered 84,000 gallons of cut-rate diesel fuel to help Nicaragua ease its daily power blackouts. The energy agreement allows Nicaragua to buy Venezuelan fuel at 60% of the price and pay the outstanding 40% over 25 years at 1% interest.
March 6, 2007 |
Venezuela said it had reached a $250-million deal to compensate Total and BP for an oil field it seized from them in April, but said it would not make the compensation in cash. Speaking at the signing of the deal, Energy Minister Rafael Ramirez pegged the compensation slightly lower than the $262 million that a government official had given earlier.
April 20, 2006 |
Venezuelan President Hugo Chavez said his country would withdraw from the Andean free trade association because Colombia and Peru reached free trade agreements with the United States that made the group obsolete. Chavez said in a press statement that the Andean Community of Nations, which groups Bolivia, Colombia, Ecuador, Peru and Venezuela, is "dead." From Bloomberg News * Venezuela's Citgo Petroleum Corp. agreed to pay Lyondell Chemical Co.
November 16, 2006 |
Several companies that buy oil products from Citgo Petroleum filed a lawsuit this week alleging that the Venezuelan-owned refiner helped OPEC fix energy prices in the U.S. The suit is another blow for the company, which has been hit by calls for boycotts after Venezuelan President Hugo Chavez called President Bush "the devil" while addressing the United Nations in September.
December 18, 2002 |
Waving banners, banging pots and chanting slogans demanding the ouster of President Hugo Chavez, several thousand marchers took to the streets here Tuesday, the 16th day of an opposition strike that has crippled Venezuela's oil industry. The strike has reduced Venezuela's output of more than 2 million barrels a day to less than 400,000 barrels a day, sending crude prices above $30 a barrel, state officials said Tuesday.