Venezuela president Hugo Chavez in a shocking move for foreign investors indicated for fresh efforts to assert greater control over Venezuelan economy by announcing plans to nationalize power and telecoms companies. Sending a chilling message to foreign investors Hugo Chavez clearly indicated his in[...]
Posts Tagged ‘Hugo Chavez’
July 6th, 2012 - 11:15 am § in News Of Economy
Chavez bid for greater state control, a chilling message for US investors
May 10th, 2012 - 1:22 pm § in News Of Economy
No compensation for oil firms in Venezuela
Venezuela’s oil minister warned yesterday that foreign oil firms might not be compensated when their operations in the OPEC affiliated nation’s vast Orinoco reserve oilfields are taken over by the government in coming months. This has followed Friday’s rhetoric by Venezuela’s[...]
May 1st, 2012 - 1:08 pm § in News Of Economy
Chavez threats to nationalise private banks
Venezuela’s President Hugo Chavez seems all set to nationalize the utility sector. Chavez not only brought the country out of the World Bank and IMF and nationalized CANTV, but also threatened to take over Venezuela’s private banks and its largest steelmaker, Ternium-Sidor, whose majorit[...]
April 9th, 2012 - 6:32 am § in News Of Economy
Chavez warns Andean nations against free trade pact
Venezuela’s President Hugo Chavez has advised the Andean Nations to reconsider for the proposed free trade pact with Europe as he considered that it can spoil their economies. Venezuela had already turned down American free trade proposal, labeling it as a plot of America to demolish Venezuelan’[...]
January 20th, 2012 - 1:22 pm § in News Of Economy
Opec unites over soaring oil prices
Despite differences on a number of issues, OPEC members are united over increasing oil prices, which could touch $200 per barrel. Inaugurating the OPEC summit in Riyadh, the Venezuelan President Hugo Chavez gave a chilling warning to the global community that oil prices would reach unprecedented hei[...]