president hugo chavez

Venezuelan President Hugo Chavez warned private banks on Sunday that he will consider nationalizing any that refuse to finance agricultural projects promoted by his government.

Venezuelan President Hugo Chavez said Sunday that his government plans to buy new Embraer jets from Brazil as well as used Airbus jets to expand his country's state airline Conviasa.

Venezuelan President Hugo Chavez said Sunday that his government should pull out of a World Bank-affiliated arbitration body and won't recognize its decisions.

ADVANCE FOR USE MONDAY, OCT. 10, 2011 AND THEREAFTER - In this Aug. 10, 2006 file photo, President Hugo Chavez visits oil workers on an oil drill platform in the Orinoco oil belt region in Venezuela's Anzoategui state.

President Hugo Chavez announced the expropriation of two more companies Sunday, the latest among hundreds of enterprises taken over in the socialist leaders campaign to make Venezuela less capitalistic.

Members of Venezuela's largest business chamber said Monday that there is no pre-election conspiracy to undermine President Hugo Chavez by hoarding goods and boosting prices.

President Hugo Chavez on Sunday ordered the expropriation of a French-owned hypermarket chain that operates close to a dozen stores in Venezuela, accusing it of price speculation following the country's currency devaluation.

President Hugo Chavez announced a currency devaluation Friday for the first time since 2005, setting a two-tiered exchange rate designed to help Venezuela's oil earnings go farther domestically while holding down prices of priority imports like food to counter soaring inflation.

President Hugo Chavez said Friday that Venezuela will base its 2010 budget on expectations of 0.5 percent economic growth and inflation no higher than 22 percent, despite depressed world prices for oil, the nation's biggest export.

President Hugo Chavez unveils the discovery of a huge field of gas that could put Venezuela in the world's top five producers.