The Republican candidate needs to get the debate back onto the economy where it belongs, the FT says in an editorial. The Financial Times of London means well, but its advice to Mitt Romney on dealing with nincompoop senatorial candidate Todd “legitimate rape” Akin suggests something has been lost in translation. Gulf of Mexico and requires approval from regulators in the U.S. Although Nexen is based in Canada, it has offshore holdings in the U.S. total doesn’t approach the $15.1-billion take-over of Calgary-based Nexen Inc. “Some of China’s biggest companies, especially in the oil and gas sector, are getting much more sophisticated in their approach to acquisitions.”Įven at $8 billion, the U.S. Chinese companies are developing - all of that drives growth in deal activity,” Mr Gallagher said. “China is getting bigger, getting richer, getting more sophisticated. Joe Gallagher, co-head of M&A in Asia at Credit Suisse, said the growth in China-U.S deal volumes was a natural product of the country’s development and its hunger for energy and resources. There have been almost $8 billion in deals so far this year, a record for the first eight months of any year and close to the annual record of $8.9 billion. assets and businesses are running at record levels this year, bucking the trend of a generally tough mergers and acquisitions market and a sign that it is easier than many think for Chinese companies to attain approval for deals in America. In Bordeaux, we have room for everyone.”Īrticle content Chinese acquisitions of U.S. Some regions are more closed than others – Alsace doesn’t like outsiders either. “They are shocked by the terms of the sale – the price. “I understand their reaction,” Mr Farges said, according to Agence France-Presse. However, Bernard Farges, the president of France’s national confederation of wine producers, said the spurned buyers were more upset at the price than the buyer. “We are starting to say to ourselves that our heritage is going out the window because it is not the only (foreign) purchase we’ve seen in the area.” I hope this is not the start of a wave of foreign investors moving into Burgundy,” said Jean-Michel Guillon,president of Gevrey-Chambertin’s winemaker association. “The owners wanted €7m and they sold it for eight. The group offered $10 million and was upset at being squeezed out. The chateau, originally listed at about $4.4 million, eventually sold for more than $11 million, upsetting a local group that had hoped to turn it into a visitor/reception centre. French wine-growers in one of the premier areas of Burgundy are upset that the Chateau de Gevrey-Chambertin, which dates from the 12th century, was sold to a Chinese gambling tycoon from Macau over local bidders. Nervous about Chinese takeovers in Canada? You’re not alone. Join the conversation Wikipedia Article content
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