Venezuela takes over UK-owned oil service project
CARACAS, May 8 (Reuters) - Venezuela has taken over an oil service project part-owned by British company Wood Group (WG.L: Quote, Profile, Research), part of a series of moves that tighten socialist President Hugo Chavez's grip on the oil industry. (Reporting by Brian Ellsworth; Writing by Frank Jack Daniel)
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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
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