Russia's Putin hosts Venezuelan leader Maduro for talks

MOSCOW — Russian President Vladimir Putin is meeting Venezuela's leader in Moscow amid the ongoing political crisis in the South American nation.

Venezuelan President Nicolas Maduro arrived in Moscow a day before the talks with Putin on Wednesday in a surprise visit. Russia has been one of Venezuela's rare steadfast allies, standing by Maduro despite the country's extreme economic and political turmoil, supporting him with generous loans.

Neither Putin nor Maduro spoke about any financial aid in their opening remarks Wednesday.

Maduro's visit also comes the day after U.S. President Donald Trump delivered a warning to Venezuela, denouncing Maduro in his speech at the United Nations.

Other News

Asian stocks drift pending fresh news; oil takes a breather

Aug 16, 2016

Asian stock markets drifted sideways on Tuesday as the price of oil took a breather from a three-day rally

Hawaii sushi chain tied to hepatitis A outbreak tosses food

Aug 17, 2016

A popular restaurant chain in Hawaii that serves sushi on a conveyor belt threw out food and scrubbed its counters Tuesday after state authorities identified its raw scallops as the probable source of a hepatitis A outbreak

Lowe's cashes in on housing rally, just not as much as rival

Aug 17, 2016

In the two-way competition for customers during a housing boom, Lowe's appears to be coming in second

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.