Venezuela nationalizes Cargill operations

Filed Under (World Economy) by Fred Chan on 05-03-2009

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Venezuelan President Hugo Chavez said Wednesday he had ordered the nationalization of at least some of the operations of the U.S.-based food giant Cargill and threatened to do the same with the Caracas-based food maker Polar.

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Thai PM: Southeast Asia faces severe economic test

Filed Under (World Economy) by Fred Chan on 01-03-2009

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Southeast Asia will be “severely tested” as the global financial crisis deepens, Thailand’s leader warned Saturday, as the export-dependent region braced for the possibility the world could be blighted by several years of anemic growth.

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EU: French car bailout to avoid protectionism

Filed Under (World Economy) by Fred Chan on 01-03-2009

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European Union regulators said Saturday that France has promised to avoid protectionist conditions in a billion euro (dollar) rescue package for car makers.

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