It seems Venezuelan President Hugo Chavez is at it again.
Chavez has claimed he has seized the landmark Hilton hotel on Margarita Island because its owners dared to impose conditions on its use by his government to host a summit there last month.
“To hold the conference we had to ask for permission… and the owners tried [...]
Resource Nationalism by its nature can be perceived as a government’s implementation of economic stability during lows in industry. The action is generally indicative of dire fiscal straights, and almost always an action mired in controversy. No greater is that the case than what has been reported today from the Associated Press. For a leader [...]
A global recession has changed, among other international dynamics, a greater willingness for the Ukraine to cooperate with a former mother-nation that recently sought to fine them $2 billion dollars in what can be described as a reprimanding for favoring EU cooperation, and a mere few years ago shut off gas to nearby Belarus, threatening [...]
Venezuela is often referred to as the capital of South America, and in some respects, its easy to see why. In terms of notable leaders on the continent, one doesn’t immediately think of Luiz Inacio Lula da Silva, President of a Brazil that comprises nearly half of the land mass, but indeed, of Venezuelan President Hugo [...]
It is one of the biggest political initiatives since U.S. President Barack Obama took office. Today, the President lifted all restrictions on the ability of individuals to visit relatives in Cuba, as well as to send them remittances. He is also apparently going to allow telecommunications companies to provide cell and television service to people on the island. The [...]
How do investors interested in Latin America view Venezuelan President Hugo Chavez landing in Beijing? Would they view it as a flamboyant fanatic’s desperate last leg of a world tour made to prop up a failing PDVSA? Would they view it as the final stop on a very successful and diverse investment campaign for Latin [...]
After giving close scrutiny to effect of private equity and sovereign wealth on global markets, it has finally occurred to the OECD that they may want to check in on the world’s most powerful state-owned companies, which have often shown a political streak in their decision making and acquisitions. This one comes from the Financial [...]
