Venezuela markets nosedive on Chavez leftist push

“Venezuelan financial markets nosedived on Tuesday, reeling from President Hugo Chavezs decision to nationalize major utilities as he expands what he calls a socialist revolution.

Buoyed by a landslide re-election last month, the anti-U.S. leader on Monday said he would mold the country into a socialist republic, frightening the opposition who charge Chavez wants to forge a centralized, Cuban-style economy.”

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