Word: state-run
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...Delhi attracted hundreds of exhibitors from 39 countries including Israel and France, both gaining fast on Russia in arms sales to India. Many of the foreign firms emphasize that they want to partner with Indian companies and could set up manufacturing operations there - if the orders are big enough. State-run Israel Aerospace Industries has just entered a joint venture with Indian industrial conglomerate Tata Group to produce drones, radar and electronic warfare systems...
...spite of the impending modernization, there is a cloud of gloom over the crowd of investors and spectators anxiously watching the board. Iraq is still adjusting to a free market economy from one where state-run socialism reigned supreme. Today the government doesn't protect industry; furthermore, goods coming from abroad undercut local manufacturing. This all happened suddenly and swiftly. "To be honest, the war destroyed us," says one elderly gentleman in a yellow scarf and round spectacles...
...misery in 14 of China's provinces. The Ministry of Civil affairs announced on Monday that 24 people had died in storm-related accidents, including 10 in collapsed houses. On Tuesday, 25 people were killed when a bus slid off an icy road in southwestern Guizhou province, the state-run Xinhua News Service reported. Some 80 million people have been affected by the storm, 1 million of them having had to be relocated. Damage, including the collapse of 100,000 houses, is estimated at $3 billion. Central Hunan province, which saw its heaviest snowfall in half a century...
...brands] are externalities that don’t go into issues of morality.”PETROCHINA AND USFew have experienced more campus backlash than investment bank UBS for the firm’s role as the lead underwriter for the Shanghai listing of PetroChina, a subsidiary of the state-run China National Petroleum Company (CNPC). CNPC is a business partner of the Sudanese government.UBS has defended itself by arguing that PetroChina itself has no operations in Sudan.Still, members of the Harvard Darfur Action Group (HDAG) have been present at several UBS recruiting events this fall, including...
...That pratfall appears to have prompted CIC to rein in its ambitions. Instead of making splashy investments in the U.S. and Europe, the fund is now looking closer to home. It recently bought into Central Huijin Investment Co., a government agency with stakes in several of China's biggest state-run banks and brokerages, and will reportedly plunk an additional $66billion into the Agricultural Bank of China. To the extent that CIC looks for investments abroad, its chairman, Lou Jiwei, said in a late-November speech, it will stick to index funds--equities linked to the performance of entire...