Word: cnooc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...billion stake in the Blackstone Group just before the U.S. private-equity giant went public (an investment that so far is more than $300 million under water). This and the CDB stake in Barclays are the most high-profile foreign investments China has made since the oil firm CNOOC tried and failed to buy U.S. oil company Unocal in 2005. Says Jing Ulrich, JPMorgan's Hong Kong--based head of China equities: "China has a wall of money--a tsunami, really--that is about to hit the rest of the world. In terms of global capital markets, there is just...
...that been the only political problem tied to foreign investment for China. Beijing has not forgotten the protectionist uproar that was triggered in the U.S. when CNOOC tried to buy the Los Angeles-- based Unocal. The lessons, say people involved in the deal, have been seared into the brains of the Chinese and have been evident in the plays in Barclays and Blackstone. Rather than trying to swallow big, high-profile Western firms in one bite, the Chinese are taking smaller, strategic stakes and working, in the case of the Barclays deal, with another prominent partner, Temasek...
...billion stake in the Blackstone Group just before the American private-equity giant went public (an investment that is so far more than $300 million underwater). This and the CDB stake in Barclays are the most high-profile foreign investments China has made since the oil firm CNOOC tried and failed to buy U.S. oil company Unocal in 2005. Says Jing Ulrich, JPMorgan's Hong Kong-based head of China equities: "China has a wall of money - a tsunami, really - that is about to hit the rest of the world. In terms of global capital markets, there is just nothing...
...that been the only political problem tied to foreign investment for China. Beijing has not forgotten the protectionist uproar that was triggered in the U.S. when CNOOC tried to buy the Los Angeles-based Unocal. The lessons, say people involved in the deal, have been seared into their brains, and have been evident in the Chinese investments in Barclays and Blackstone. Rather than trying to swallow big, high-profile Western firms in one bite, the Chinese are taking smaller, strategic stakes and working, in the case of the Barclays deal, with another prominent partner, Temasek...
...appetite overseas buyers are developing for U.S. assets could be easily spoiled, however. Asian investors are keenly aware of opportunities elsewhere. They are on the lookout for signs that Americans will not welcome foreign purchases of domestic companies-they remember the Congressional opposition to the bid by CNOOC, the Chinese oil giant, for U.S.-based Unocal. If barriers are raised against the acquisition of U.S. assets, then the dollar will be dumped on the foreign-exchange market and money will flow into currencies in countries where such investments will be welcome. And if foreigners turn away from dollar investments...