Word: arcelor
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...business dealings overseas, says Andrew Cahn, chief executive of UK Trade & Investment, a government body that supports foreign companies looking to invest in Britain. To be sure, Indian companies occasionally run into xenophobia and protectionism. Earlier this year, Indian-born Lakshmi Mittal's $33.5 billion purchase of Arcelor, Europe's top steel producer, was initially opposed by CEO Guy Doll?, who said Mittal's company?Mittal Steel, the largest steel producer in the world?was "eau de cologne" compared with the "perfume" of Arcelor. But India's forays abroad have so far proved less controversial than those launched from that...
...West Snubs East I was very surprised by the Europeans' resistance to Indian tycoon Lakshmi Mittal's takeover bid for Arcelor steel [Feb. 13]. We in the East are working very hard to establish societies based on European values. But the European hostility toward an Indian's move into their world has shattered our confidence. On the merger issue, it is very sad to note that the Europeans turned out to be as conservative as any traditional Easterner. Their reaction confirmed that a strong psychological barrier between West and East still exists. Anis Alam Saeed Karachi...
...Olympics [Feb. 27] more for the quarterfinal elimination of our men's hockey team than for our record haul of 24 Winter Olympic medals. Theo Luykenaar Burlington, Canada Learning Europe's Values I was very surprised by the Europeans' resistance to Indian tycoon Lakshmi Mittal's takeover bid for Arcelor steel [Feb. 13]. We in the East are working very hard to establish societies based on European values. But the European hostility toward an Indian's move into their world has shattered our confidence. On the merger issue, it is very sad to note that the Europeans turned...
...Europeans so upset over Mittal Steel's bid to merge with Arcelor [Feb. 13]? Where I come from, Western companies have gobbled up local firms?and entire industries, for that matter?and that's supposed to be just fine. It's disturbing to see that when someone from the developing world tries to set foot in the West, the move is always met with convoluted and unfounded criticism. The West has got to recognize that globalization, formerly a one-way street, now carries heavy traffic from the East. I guess that is what laissez-faire is all about. The West...
...Steelmaker and World Shaker Why are Europeans so upset over Mittal Steel's bid to merge with Arcelor [Feb. 13]? Where I come from, Western companies have gobbled up local firms - and entire industries, for that matter - and that's supposed to be just fine. It's disturbing to see that when someone from the developing world tries to set foot in the West, the move is always met with convoluted and unfounded criticism. The West has got to recognize that globalization, formerly a one-way street, now carries heavy traffic from the East. I guess that is what laissez...