Venezuela

More foreign sanctions for Maduro's Venezuela

Venezuela's opposition is crying foul over the ruling socialists' surprise win in gubernatorial elections, raising the prospect of more foreign …

South America

It's A 'Miracle': Venezuela's Socialist Party Dominates Weekend Election

And on the seventh day, Hugo Chavez looked down upon Venezuela from the heavens and said, “All is good.”<p>Despite triple-digit inflation, sanctions, an unprecedented brain drain, starvation and an economic depression, the ruling Socialists United of Venezuela (PSUV) party clobbered the opposition in …

South America

Venezuela's democracy is dead

Venezuela held elections for its 23 state governors Sunday amid rising malnutrition, hunger, hyperinflation and a looming debt crisis. In a fair contest, candidates backed by dictator Nicolás Maduro would have been crushed. But Venezuela is now a police state at war with its people. The truth has …

Opinion

US says Venezuela vote 'neither free nor fair'

The Venezuelan opposition had expected a to win Sunday's regional elections. But after the ruling Socialists Party's shock victory, the US has …

South America

Venezuelan socialists claim victory as opposition cries foul

CARACAS, Venezuela (AP) — Pro-government candidates have swept to an unforeseen victory in Venezuelan gubernatorial races according to official results that have quickly been challenged by the country's opposition.<p>Tibisay Lucena, president of the government-stacked National Electoral Council, …

South America

Venezuela socialists win regional vote, opposition sees fraud

Full screen<p>1/18 SLIDES © REUTERS/Carlos Garcia Rawlins<p>2/18 SLIDES © REUTERS/Jose Issac Bula Urrutia<p>3/18 SLIDES © REUTERS<p>4/18 SLIDES © REUTERS/Carlos …

South America

Venezuelan Bonds Fall After Contested Regional Election Result

Venezuelan bonds tumbled after the government claimed a surprise victory in regional elections and the opposition cried fraud. The perceived foul …

United States

Venezuela: Maduro Party Wins as Debts Mount

Venezuela regional elections Sunday defied expectations, with a majority of governor seats going to the government party with reports of tactics …

South America

Venezuelan Opposition Leader Cancels Russia Trip, Fearing Passport Seizure

Venezuela’s top opposition leader canceled plans to visit Russia for talks aimed at building relations with a major foreign backer of President …

Business

Venezuela: opposition rules out talks until vote recount

Venezuela's opposition said Monday it will not hold talks with the government on ending the country's bruising political and economic crisis without a full recount in regional elections it says were rigged.<p>"We will not take part in any exploratory talks or negotiations unless (the authorities) …

South America

The Murky Circumstances Surrounding Venezuela's Election

Bloomberg Markets<p>October 16th, 2017, 6:23 PM UTC<p>Casey Reckman, Credit Suisse Securities vice president, discusses the surprising results of the …

Business

Venezuela is blaming Trump for missed debt payments

Venezuela didn't pay its bills last week. It also owes a lot more money very soon as it spirals further into chaos.<p>The country's government and its state-run oil company missed five small debt payments last week totaling $349 million, according to three experts who closely follow the debt.<p>Delayed …

South America

How Socialism ruined Venezuela

In order to understand the disaster that is unfolding in Venezuela, we need to journey through the most recent century of our history and look at how our institutions have changed over time. What we will find is that Venezuela once enjoyed relatively high levels of economic freedom, although this …

South America

Maduro claims 'emphatic victory' in Venezuela polls

Venezuela‘s President Nicolas Maduro hailed his socialist government’s “emphatic victory” in closely watched regional elections on Sunday, after …

South America

IMF crunches the numbers for possible Venezuela rescue

The International Monetary Fund has begun preparations for a possible rescue of Venezuela that could require $30bn or more in international help …

South America

Venezuela Opposition Has Few Options After Vote Many Call Fraudulent

CARACAS, Venezuela—Many Venezuelans expressed skepticism on Monday over voting results that an electoral agency allied with President Nicolás Maduro said his party had won decisively, as the opposition faced unpalatable options, from proving fraud to mounting new protests.<p>The election set Venezuela …

World News

In Venezuela, opposition took risk that might not pay off

If Sunday’s elections in Venezuela proved anything, it is that the opposition to President Nicolás Maduro is caught in a trap: How do you fight for power at the ballot box in a country that no longer plays by democracy’s rules?<p>That the opposition even participated in the vote — for the …

World News

Venezuela socialists win governor seats amid fraud claims

<b>Electoral authorities in Venezuela say the governing Socialist Party has won 17 of 23 state governorships in a crushing victory.</b><p>President Nicolás Maduro hailed it as a victory for Chavismo, his party's brand of socialism named after former president Hugo Chávez.<p>But opposition leaders alleged …

South America

Venezuelan opposition denounces results of first major vote since violent election

<b>Caracas, Venezuela (CNN) —</b> Venezuela's political opposition denounced the results of Sunday's regional elections, after President Nicolas Máduro claimed victory.<p>The regional elections held Sunday had 23 gubernatorial seats up for grabs. It was the first major election since July's controversial and …

South America

IMF sizes up possible Venezuela rescue

The IMF has begun preparations for a possible rescue of Venezuela that could require $30B or more in international help annually, and result in a …

Business

Venezuela’s Regime Claims 17 Governor Races, Defying Polls

Venezuela’s regime claimed wins in 17 of 23 state governor elections, a showing that dramatically defied polls that had predicted widespread …

South America

Venezuelans face 'Sophie's Choice' in Sunday's elections

Imagine living in a country where an overwhelming majority of voters elect an opposition-dominated legislature, but where the executive power …

South America

$30 billion per year: IMF reportedly calculates bailout costs for crisis-hit Venezuela

LONDON – The International Monetary Fund (IMF) calculates a potential rescue of Venezuela could cost more than $30 billion per year, according to a report in the Financial Times.<p>Huge sums will likely be required to increase imports, boost consumption and finance the fiscal debt, the FT …

Business

As Venezuela votes, Israel calls for ‘free, fair and credible elections’

Surveys show that opposition poised to win majority of states, despite alleged government efforts to keep voters awayThe post As Venezuela votes, …

South America

Opposition In Venezuela Calls For Another Round Of Elections

Gubernatorial elections in Venezuela delivered a majority of seats to the ruling socialists, rocking the opposition and reigniting protests. The opposition cited irregularities in their 17-6 seat loss. Shortages of food and medicine coupled with massive inflation have fueled widespread anger.

South America

Venezuelan Opposition Denounces Latest Vote as Ruling Party Makes Gains

CARACAS, Venezuela — For members of Venezuela’s opposition, the big question heading into Sunday’s elections seemed less about whether they would win than how much power they would be allowed to wield once they did.<p>Widespread dissatisfaction with President Nicolás Maduro’s ruling party was plain to …

World News

Venezuela Opposition Alleges Fraud After Maduro Government Wins Majority

CARACAS, Venezuela—Venezuelan President Nicolás Maduro’s embattled government won at least 17 of the 23 states in Sunday’s gubernatorial elections, results that prompted allegations of fraud from the opposition coalition.<p>Moments after the National Electoral Council’s televised announcement, state …

World News

Don't worry about North Korea. Venezuela is the real problem for the United States

The barbed exchanges between Washington and Pyongyang— and President Donald Trump’s inflammatory comments toward other nations— posit that the United …

South America

Russia and Venezuela to do debt restructuring deal by November 15: TASS

MOSCOW (Reuters) - Russia and Venezuela will finalize a debt restructuring deal for Caracas by Nov. 15, the TASS news agency cited Venezuela's …

Commodities

After Jagmeet Singh’s win, we need to talk more about the ills of socialism

If the old adage that a picture is worth a thousand words is true, then a recent photo gallery on food shortages in Venezuela should be all anyone …

Canadian News