Malaysia Sun
MalaysiaSun.com Saturday 17th May 2008 Issue 1486
  • More Breaking Business News

  • U.S. stocks dip as oil price climbs
  • Microsoft to finally give software for low-cost laptops
  • Asset securitization at root of banking malaise
  • Lloyds TSB to transfer 250 jobs to India: British union
  • 1940's guide for female employees
  • US population concerned about economic future
  • Economic Forum praises strength of euro currency
  • Ben Bernanke wants banks to raise more capital
  • Malawi tobacco rotting on auction floor
  • Australia to slow its growth
  • United Airlines and Continental now in talks
  • Mini loans to be handed out in Africa
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    Hugo Chavez signs new deal with Cuba
    Malaysia Sun
    Friday 4th January, 2008  


    Venezuelan President Hugo Chavez has cemented cooperation with Cuba by signing energy, farming and finance accords.

    Part of the deal includes a deal to expand of Cuba’s oil refineries.

    The Venezuelan leader, a strident foe of Washington, is Havana's closest ally and his petroleum deals have helped Cuba stay afloat in times of great economic hardship.

    Buoyed by high crude prices, Chavez has used his country's oil wealth to try to build alliances in his region to counter United States influence.

    Chavez attended the signing ceremony in Santiago de Cuba with Raul Castro, who has governed Cuba since his brother, Fidel Castro, handed over power after surgery.

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