U.S. power firms decry snags in China and India

Article Abstract:

US energy industry executives had entertained high hopes regarding the Indian and Chinese markets in the wake of Energy Sec. Hazel O'Leary's recent trips to the two countries. However, these same executives are now realizing that the two countries are not that attractive for energy-sector investment. Both India and China have been hesitant about changing their respective regulatory frameworks to make them more conducive for foreign infrastructure investments. In addition, they have also insisted on limiting an investor's return on investment to a level which US energy firms find unacceptable.

Energy, Utilities, China, Foreign operations, India, Energy industries, Power resources, Energy industry

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Failed deal shows China risks: trader can't even collect court-awarded damages over $3 billion pact

Article Abstract:

Michael Hickland, a US-based supplier of pharmaceutical products, is struggling to obtain damage fees from the court over a contract infringement case against Chinese megatrader, Sinochem. The former basketball cager allegedly arranged a $3 billion contract with the oil company through an agent named Peter Couppis. However, the deal was broken, after Hickland discovered that the deal was bound to Iraq, instead of China. Hickland failed to recover the amount he apportioned for the contract, and is currently seeking justice by disclosing the incident over the Internet.

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Petroleum, Petroleum and Coal Products Manufacturing, Drugs, Cases, International trade, Contracts, Chemical industry, Breach of contract, Hickland, Michael, China National Chemicals Import and Export Corp.

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Asia's transnational firms become top investors in region, U.N. says

Article Abstract:

The UN Conference on Trade and Development has reported that transnational companies based in emergent economies such as China are starting to compete with those from industrialized countries in terms of size of investments in Asia. This development should come as a surprise to Western multinationals which had previously ruled the field unopposed. The report states that 32 of the top 50 companies are based in Asia.

Investments, International business enterprises, Multinational corporations, Asia, Corporations, Corporations, Asian

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