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Stories for August 7th 2009

• Friday, August 7th 2009 - 07:05 UTC

  Chavez claims US forces in Colombia are a step toward war

  

  US plans to deploy extra forces at seven Colombian bases could be a step toward war in South America claimed Venezuelan president Hugo Chavez who called on US President Barack Obama not to increase US presence in Colombia.

• Friday, August 7th 2009 - 07:02 UTC

  ECB says recession is “bottoming out” and predicts positive growth in 2010

  

  The European Central Bank (ECB) has said on Thursday it expects to see growth returning to the global economy next year as it kept interest rates on hold at 1%. However economic activity is likely to remain weak this year.

• Friday, August 7th 2009 - 07:00 UTC

  Petrobras begins operations in Chile and targets 20% of fuels’ market

  

  Brazilian government controlled Petrobras entered the Chilean fuel distribution market in Chile with the inauguration Tuesday of a service station in Santiago. The company paid 400 million US dollars for US-based Exxon-Mobil’s stake in Esso Chile Petrolera and other units in the Andean nation and has targeted a 20% share of the market.