Venezuela passes law to take over some oil services
CARACAS, May 7 (Reuters) - Venezuela on Thursday approved legislation allowing the nationalization of a group of oil service companies, opening the door for future takeovers as President Hugo Chavez extends control over the oil industry.
(Reporting by Brian Ellsworth)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
