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Venezuela's leftist President Hugo Chavez said Thursday he had ordered the nationalization of two more banks, shut down by his government to investigate alleged accounting irregularities.
Dec. 3 (Bloomberg) -- Venezuela’s bolivar sank to a two- month low and bonds tumbled as President Hugo Chavez’s threat to seize more banks prompted investors to pull their money from the financial system and move it overseas.
Colombia's energy minister says drought has forced his country to reduce exports of electricity to neighboring Venezuela and Ecuador.
Caracas - Venezuela's left-wing populist President Hugo Chavez said Thursday that two smaller banks recently nationalized would be restructured and integrated into the country's public finance institutions. The two banks are Confederado and Bolivar B...
Dec. 3 (Bloomberg) -- Venezuelan President Hugo Chavez said the government is studying “irregularities” in some bank operations and that not all private lenders fail to comply with regulations, after threatening to nationalize the industry yesterday.
President Hugo Chavez struck a softer tone to reassure jittery investors on Thursday over the health of Venezuela's banks, and markets began to stabilize after a sharp sell-off of bonds and the bolivar currency.
Miguel Olivo was the Royals' No. 1 catcher last year and led the club with 23 home runs.
The Red Sox lost another piece of their talented front office core when director of scouting Jason McLeod accepted the assistant general manager's position with the San Diego Padres on Dec. 2. The move comes weeks after new San Diego GM Jed Hoyer first attempted to woo Sox player development director Mike Hazen away from the Boston's Yawkey Way home offices.
The Mariners enter the winter meetings with a sizeable shopping list.
(AP:BOGOTA) Colombia's energy minister says his drought has forced his country to reduce exports of electricity to neighboring Venezuela and Ecuador. Minister Hernan Martinez tells Radio Caracol that Colombia had been getting 70 to 80 megawatts a day while Colombia was getting up to 250 megawatts.
The Red Sox filled their void at shortstop with veteran Marco Scutaro, who agreed to a two-year contract, SI.com has confirmed.
