For the past few months, the presidents of Colombia and Venezuela have been engaged in a war of words, harshly criticizing each other. Venezuelan President Hugo Chavez even hinted at the possibility of armed conflict in comments made in mid-January. Yet the two neighboring nations are closely tied commercially -- they are for each other the second largest trading partner after the United States.

Officials in Ecuador say Venezuela is to help them build a $5 billion oil refinery that will become operational in 2012.

President Hugo Chavez crashed to an unprecedented vote defeat on Monday as Venezuelans rejected his bid to run for reelection indefinitely and accelerate his socialist revolution in the OPEC nation.

Venezuelan President Hugo Chavez threatened to stop oil exports to the US if violence he claims it is plotting breaks out after a hotly contested weekend referendum aimed at expanding his powers.

Venezuela's fiery leader Hugo Chavez is barrelling towards a cliffhanger vote on Sunday; a referendum on sweeping constitutional changes - including measures to bolster his power - that has fractured the electorate into two hostile camps.

Venezuela's president, Hugo Chavez, arrived on an official visit to Tehran Monday where he will meet with President Mahmoud Ahmadinejad. The two presidents will discuss bilateral relations, and regional and international issues.

Venezuelan President Hugo Chavez has said that Spanish King Juan Carlos should apologize to Venezuela and Latin America for telling him to shut up, Spain's Europa Press reported on Wednesday.

Venezuelan consumers are increasingly facing periodic shortages of basic food products as the economy shows signs of overheating amid record revenues from an oil boom.

On Wednesday, November 7, 2007, tens of thousands of Venezuelans participated in a march in Caracas to protest President Hugo Chávez's efforts to change the Constitution of Venezuela.

A group of students who had participated in the march were fired upon by masked gunmen as they returned to their university campus in Caracas. "If we do not take action now, we will be condemned to live without democracy under a communist dictator," said a flyer distributed to students.

Venezuela rolled out the design of its new currency, showing off bills with images ofnational heroes and wild animals with the official exchange rate fixed at 2,150 bolivars to USD 1.

Colombian President Alvaro Uribe and two of his South American counterparts have opened a gas pipeline between Colombia and Venezuela.

Palm, Inc. (Nasdaq:PALM) and Movistar today announced that the Palm(R) Treo(TM) 680 smartphone will be added to the wide range of innovative smartphones offered by movistar in Venezuela.