Banco Santander completes IPO for Brazilian unit as it looks to expand in South AmericaOctober 7th, 2009 Banco Santander's Brazilian IPO raises $8.1BNEW YORK — Spanish financial giant Banco Santander SA has raised $8.1 billion with an initial public offering of shares in its Brazilian subsidiary, the largest IPO in the world this year. In an effort to expand its Latin American operations, the bank sold shares in Banco Santander (Brasil) SA, in the United States and Brazil, where the offering was that nation's biggest offering ever.
South American nations agree on development bank with startup capital of $20 billionSeptember 30th, 2009 South American nations agree to start $20B bankPORLAMAR, Venezuela — Seven South American nations on Saturday signed an agreement to create a Bank of the South with startup capital of $20 billion. The development bank has been touted by socialist Venezuelan President Hugo Chavez as a counterweight to U.S.-influenced international lenders and the region's finance ministers in May agreed to fund it with $7 billion.
20-year-old brunette wins Miss Venezuela, receives crown from Miss UniverseSeptember 25th, 2009 20-year-old brunette wins Miss VenezuelaCARACAS, Venezuela — Marelisa Gibson, a 20-year-old brunette, has been crowned Miss Venezuela and will represent the beauty-obsessed South American country at next year's Miss Universe pageant. The annual Miss Venezuela pageant is the one of Venezuela's most watched programs and a source of national pride.
Venezuela gets $36 bn in oil investment from Russia, ChinaSeptember 17th, 2009 CARACAS - Chinese and Russian companies have agreed to invest a combined $36 billion in oil projects in the Orinoco Belt, Venezuelan President Hugo Chavez has said. The president said state-owned Petroleos de Venezuela S.A.
Venezuela and Russia complete oil deal negotiationsSeptember 13th, 2009 CARACAS - Venezuela and Russia have completed negotiations for joint production from one of the fields in the oil-rich Orinoco Belt, Venezuelan state-owned oil giant PDVSA said. The Junin 6 Block will have an estimated "base production level of between 400 and 450,000 barrels of extra-heavy crude," PDVSA said.
Venezuela: Collaboration with US Coast Guard led to drug bust in Caribbean SeaAugust 21st, 2009 Venezuela helps US seize cocaine-laden shipCARACAS, Venezuela — Venezuela says its collaboration with U.S. authorities led to the seizure of about a ton of cocaine aboard a ship in the Caribbean Sea.
Chavez: Venezuela to strengthen ties with Russia, China as US makes inroads in Latin AmericaAugust 16th, 2009 Chavez: Venezuela to strengthen ties with alliesCARACAS, Venezuela — President Hugo Chavez says Venezuela's ties with nations like Russia and China have gained importance as the U.S. moves to expand its military presence in Latin America.
Chavez says Venezuela will purchase tanks, citing threat from ColombiaAugust 5th, 2009 Chavez: Venezuela to buy more tanksCARACAS, Venezuela — President Hugo Chavez says his government plans to buy dozens of tanks because Venezuela feels threatened by pending deal to increase the U.S. military presence in Colombia.
US ambassador returns to Caracas following diplomatic spat with VenezuelaJuly 2nd, 2009 US ambassador returns to Venezuela after spatCARACAS, Venezuela — The U.S. ambassador to Venezuela has returned to his post — more than nine months after he was expelled by President Hugo Chavez.
Chavez tells US general to look in mirror, saying US is threat to his region, not VenezuelaJune 28th, 2009 Chavez to US general: You're the threat, not usCARACAS, Venezuela — President Hugo Chavez says a U.S. general shouldn't be raising concerns that Venezuela is buying arms, and the American commander is wrong to argue there isn't a "conventional military threat in the region."
Chavez says the U.S.
US, Venezuela look to exchange ambassadors after diplomatic spatJune 24th, 2009 US, Venezuela look to exchange ambassadorsWASHINGTON — The United States and Venezuela are working to send ambassadors back to each other's capitals. State Department spokesman Ian Kelly told reporters Wednesday that it was unclear when the ambassadors would return or who it would be.
Coca-Cola pulls Coca-Cola Zero after Venezuela bans sale, alleges it has harmful ingredientsJune 12th, 2009 Coca-Cola pulls Coca-Cola Zero in VenezuelaCARACAS, Venezuela — Coca-Cola Corp. said Thursday it has temporarily stopped selling its Coca-Cola Zero brand in Venezuela after the country's health ministry banned it, claiming the no-calorie soft drink contains harmful ingredients.
Venezuela bans sale of Coca-Cola Zero, alleging soft drink contains harmful ingredientsJune 11th, 2009 Venezuela calls Coca-Cola Zero harmful, bans saleCARACAS, Venezuela — Venezuela's health ministry has banned the sale of Coca-Cola Zero, claiming the no-calorie soft drink contains harmful ingredients. Health Minister Jesus Mantilla says the ban is aimed at "preserving the health of Venezuelans," but he hasn't specified what ingredients are purportedly harmful.
Ternium SA to turn over majority stake in steel maker Sidor to Venezuela for $1.97 billionMay 8th, 2009 Venezuela to pay Ternium $1.97 billion for SidorCARACAS, Venezuela — Ternium SA has agreed to sell its 59.7 percent share in steel maker Sidor to Venezuela for $1.97 billion. The subsidiary of the Argentine-Italian conglomerate Techint has been locked in negotiations over a payment plan with Venezuelan authorities since last year.
Diplomat says more time needed to repair Venezuela-US relations, appoint new ambassadorsApril 22nd, 2009 US diplomat: Relations don't change overnightCARACAS, Venezuela — The top official at the U.S. Embassy in Venezuela said Tuesday that ambassadors won't be returning to Washington and Caracas anytime soon, but he was optimistic that diplomatic relations will improve.
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