President Hugo Chavez said Saturday he has injected close to one billion dollars in Venezuela’s petrochemical industry to turn it into the second-largest producer of polyethylene behind Brazil by 2011.

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President Hugo Chavez said Saturday he has injected close to one billion dollars in Venezuela’s petrochemical industry to turn it into the second-largest producer of polyethylene behind Brazil by 2011.

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German bank IKB, a casualty of the subprime mortgage crisis, was sold to US private equity group Lone Star for 150 million euros, German media reported Saturday.
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Germany's Lufthansa is the airline in talks with Alitalia over a partnership deal aimed at saving the cash-strapped Italian national airline from bankruptcy, a report said Saturday.
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German tyre maker Continental has named Karl-Thomas Neumann, 47, as its new chief executive, a statement said Saturday, following the resignation of Manfred Wennemer who failed to block a takeover.
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India's Kingfisher Airlines has announced it will launch its first international flight from the high-tech southern city of Bangalore to London next month.
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BP on Friday announced settlements with four more victims of a deadly 2005 blast at a Texas refinery, leaving only one of more than 4,000 lawsuits still pending, a Texas state court said.
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