Stories for August 2008

Friday, August 1st 2008 - 21:00 UTC
Banco Santander admits sale talks with Venezuelan gov.

Spanish bank Santander, one of Europe's leading financial institutions admitted holding talks to sell the bank it owns in Venezuela to the government. The announcement comes a day after President Hugo Chavez said he wanted to nationalize the institution which operates as Banco de Venezuela and has been in the country for over a century.
Friday, August 1st 2008 - 21:00 UTC
Ecuador and Chile join to explore for gas in Guayaquil gulf

Ecuador government owned petroleum corporation Petroecuador announced this week the creation of a joint company with Chile's counterpart, ENAP, to explore for natural gas in the Guayaquil gulf.
Friday, August 1st 2008 - 21:00 UTC
Bolivia's recall vote confirmed in spite of controversy

A recall vote in Bolivia that could force out President Evo Morales and a group of opposition governors will go ahead on August 10 despite a possible change in voting rules, vice president Alvaro Garcia Linera said on Friday.
Friday, August 1st 2008 - 21:00 UTC
Cruise liner hit by Pacific storm leaves 40 passengers injured

An estimated 40 passengers were injured when a P&O Cruises ship encountered a storm about 400 miles from New Zealand, officials reported in Auckland.

Passengers were treated for broken bones and minor flesh wounds after the Pacific Sun encountered seven meter swells and strong winds Wednesday night, The Daily Telegraph reported.

Banco Santander admits sale talks with Venezuelan gov.