Venezuela’s President-elect Nicolas Maduro, who will be sworn in tomorrow, agreed to a full audit of the votes cast in the country’s closest election in 45 years as the opposition contests the results.
Venezuela faces political infighting and the risk of unrest after the death of Hugo Chavez, whose personal brand of socialism left the region’s biggest oil exporter polarized and among the world’s most violent countries.
During his first two days as Venezuela’s acting president, Nicolas Maduro didn’t lose a chance to swear his loyalty to Hugo Chavez, whether it was hosting a Chinese delegation or visiting his mentor’s coffin for the seventh time.
As Jim Yong Kim takes over as president of the World Bank, he will find himself at the helm of a poverty-fighting organization where large, emerging-market members no longer need it to finance much of their development.
Venezuela’s $100 billion oil industry is seeing the first drop in funding in five years from some of its closest partners, as concern mounts President Hugo Chavez’s battle with cancer is creating a political vacuum, people familiar with the matter said.
If you liked the 692 percent bond return Hugo Chavez delivered during his 14 years as Venezuelan president, Fidelity Investments and Schroder Investment Management Co. say you have nothing to fear from his successor.
The Venezuelan government, citing Hugo Chavez’s health problems, canceled a July 5-6 regional summit just hours after broadcasting images of an apparently fit president in Havana, a move that raised fresh questions about the gravity of the socialist leader’s ailments.
Mitt Romney’s plan for a Latin American trade region to enhance U.S. export prospects faces an enduring problem: Two decades after President Bill Clinton proposed a similar idea, the region’s biggest economies remain as mistrustful as ever.