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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Tuesday, January 09, 2007

Chavez plans hit Venezuela market

"Venezuela's financial markets have tumbled after President Hugo Chavez promised to nationalise the biggest phone and power companies.

The Caracas Stock Exchange closed nearly 19% down, with bonds also lower.

Telecoms firm CA Nacional Telefonos (CANTV) was suspended from trading after closing 30% lower, while power firm Electricidad de Caracas fell 20%.

While Mr Chavez had outlined some of his plans, analysts said he had decided to go further than previously thought." More.....


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