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Another Day, Another Headline (or Two)
"The man who may yet wield most influence over the dollar is not George Bush, nor even Alan Greenspan. His name is Zhou Xiaochuan, governor of the People's Bank of China. His importance is a measure of the shifting balance of global economic power from West to East."—Headline, The Business (UK), 28/29 November
"Chinese and Indian giants go head to head in search for oil."—Headline, The Business (UK), 28/29 November (TP: I thought oil was all about BP, ExxonMobil, and Shell? And you?)
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Comments
Oil is about is a company called as ONGC. There expolarations drive is fareast India, which borders China.. so its a good handshake..into the right into Gobi desert (if required)!!
Posted by /pd at November 29, 2004 10:53 AM
Oil is also about India's biggest private company, The Reliance Industries, which is starting to unravel after the death of its founder and the struggle for power between his two sons !
Sometimes it makes me wonder if Indian organizations which are family owned will ever become truly "professional" !
Posted by gautam at November 30, 2004 2:10 AM