Caracas Business News

Treasury to install a fiber-optic cable between Key West and Havana. The 110-mile cable will cost about $18 million and should be operational by 2011, TeleCuba said in a release. Calls to the Department of Treasury were not immediately returned...

An exhibition on Venezuelan-Russian leading technology opened on Monday near Caracas, featuring advanced technology programs developed in Venezuela and about 5,700 Russian scientific projects.     "We are sure that the cooperation between Russia and Venezuela will allow the transference...

The Italian oil company Eni and Spain's Repsol on Friday said tests have confirmed that their natural gas discovery offshore Venezuela is the largest ever in the country. Repsol first announced the find a few weeks ago during a visit...

Venezuela and 18 nations in the Americas on Wednesday created a regional food fund to help ensure supplies for poor countries. The fund known as Petro Food is largely backed by a Venezuelan promise to donate US$0.05 for every barrel...