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Oct 5, 2011

Polls show spike in support for Venezuela’s Chavez

CARACAS, Oct 5 (Reuters) – Two new opinion polls showed the
popularity of Venezuela’s socialist President Hugo Chavez
rising as he battles cancer a year ahead of a re-election bid.

The 57-year-old has undergone four chemotherapy sessions
since having surgery in Cuba in June to remove a baseball-sized
tumor from his pelvis. He has vowed to win another six-year
term at next year’s Oct. 7 presidential vote.

Oct 3, 2011

Key political risks to watch in Venezuela

CARACAS, Oct 3 (Reuters) – Speculation about President Hugo
Chavez’s health after cancer treatment, falling oil output that
could slow economic recovery and rising passions ahead of next
year’s presidential election are the main risks to watch in
Venezuela.

CHAVEZ’S CANCER

The 57-year-old socialist leader is due to travel to Cuba
again in October for medical tests after completing four rounds
of chemotherapy that he says were successful.

Sep 2, 2011

Key political risks to watch in Venezuela

CARACAS, Sept 2 (Reuters) – The uncertain pace of President
Hugo Chavez’s recovery from cancer, falling oil output that
could slow an economic recovery and rising tensions ahead of
next year’s presidential election are the main risks to watch
in Venezuela.

CHAVEZ’S CANCER

The 57-year-old socialist leader underwent a third session
of chemotherapy in late August, but this time decided to have
the treatment at a military hospital in Caracas. [ID:nCHAVEZ]

Aug 19, 2011

Venezuela lawmakers trade insults in gold debate

CARACAS, Aug 19 (Reuters) – Opposition lawmakers in
Venezuela accused the government of repatriating the country’s
gold reserves from Western banks in a ploy to fill its coffers
ahead of President Hugo Chavez’s re-election bid next year.

In a sign of mounting tensions ahead of the 2012 ballot,
when Chavez will seek a new six-year term despite recovering
from cancer, both sides denounced the others as traitors late
on Thursday in one of the fiercest parliament debates for
months.

Aug 19, 2011

Rusoro unfazed by Venezuela gold nationalization

CARACAS, Aug 18 (Reuters) – Toronto-listed miner Rusoro
(RML.V: Quote, Profile, Research, Stock Buzz) appeared unfazed on Thursday by President Hugo Chavez’s
move to nationalize Venezuela’s gold industry, saying it believed
the decision only targeted illegal miners.

In a typically combative step ahead of a re-election bid next
year, Chavez said on Wednesday he would put the industry under
state control, partly to boost the South American country’s
international gold reserves. [ID:nN1E77G0WN]

Aug 19, 2011

Rusoro unfazed by Venezuela gold nationalization

CARACAS, Aug 18 (Reuters) – Toronto-listed miner Rusoro
(RML.V: Quote, Profile, Research) appeared unfazed on Thursday by President Hugo Chavez’s
move to nationalize Venezuela’s gold industry, saying it believed
the decision only targeted illegal miners.

In a typically combative step ahead of a re-election bid next
year, Chavez said on Wednesday he would put the industry under
state control, partly to boost the South American country’s
international gold reserves. [ID:nN1E77G0WN]

Aug 18, 2011

Analysis: Gold move highlights risks to Venezuela reserves

CARACAS (Reuters) – Venezuela’s surprise move to bring home its international bullion reserves from Western banks shines a spotlight on the country’s heavy reliance on gold, and the risks it runs if prices were to fall.

President Hugo Chavez said on Wednesday the government will repatriate almost all of its $11 billion in gold reserves held abroad, saying they will be safer than in states with mounting debt worries in Europe and the United States.

Aug 18, 2011

Pension scandal shakes up Venezuelan oil giant

CARACAS (Reuters) – Venezuela received an enviable honor last month: OPEC said it is sitting on the biggest reserves of crude oil in the world — even more than Saudi Arabia.

But the Venezuelan oil industry is also sitting atop a well of trouble.

The South American nation has struggled to take advantage of its bonanza of expanding reserves. And a scandal over embezzled pension funds at state oil company PDVSA has renewed concerns about corruption and mismanagement.

Aug 18, 2011

Chavez to nationalize Venezuelan gold industry

CARACAS (Reuters) – Venezuela will nationalize its gold industry and is moving its international reserves out of Western countries, President Hugo Chavez said on Wednesday in a combative step ahead of his re-election bid next year.

The moves will make the finances of South America’s biggest oil exporter even murkier as the 57-year-old socialist leader gears up for an election battle that was already looking close even before he was recently diagnosed with cancer.

Aug 17, 2011

Special report: Pension scandal shakes up Venezuelan oil giant

CARACAS (Reuters) – Venezuela received an enviable honor last month: OPEC said it is sitting on the biggest reserves of crude oil in the world — even more than Saudi Arabia.

But the Venezuelan oil industry is also sitting atop a well of trouble.

The South American nation has struggled to take advantage of its bonanza of expanding reserves. And a scandal over embezzled pension funds at state oil company PDVSA has renewed concerns about corruption and mismanagement.

    • About Daniel

      "Daniel used to work for The Times newspaper and PA News agency in London before joining Reuters in 2003. Since then he has reported on political, general and economic news from across east Africa, Iraq and Latin America."
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