From the Bahamas and Cuba down to Aruba and Suriname, international oil companies are lining up to locate potentially rich offshore deposits in the region.
China could soon surpass the U.S. as Venezuela’s largest trading partner.
China has bypassed Britain as the world's fifth largest arms exporter, a Swedish think-tank said, with its largest buyer being Pakistan.
Venezuela's oil production is poised to reverse a dramatic decline that has seen exports fall by nearly half during Hugo Chavez's time as president.
Gross domestic product expanded 5.5% in the October through December period from a year earlier.
Currency devaluation takes effect surrounded by doubts on the government's ability to get a grip on 22% inflation.
Official fixed exchange rate changes to 6.30 bolivars to the U.S. dollar from 4.30 bolivars to the U.S. dollar with immediate effect.
The government confirmed the widely anticipated devaluation to 6.3 per dollar from 4.3 per dollar, to shore up government finances.
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