What right has India to fight for Mittal? Mittal is not Indian - his company is not Indian either
Sonia Chopra
Feb. 16, 2006

It is the biggest joke of the year as Indian businesses and Government gang up to fight for Mittal.

What right has India to fight for Mittal? Mittal is not Indian - his company is not Indian either.

Pressed by India, European Union will take up the issue of Lakshmi Niwas Mittal's takeover bid of rival steel company of Luxembourg-based Arcelor as it feels attempts to thwart the acquisition violated WTO rules.

EU trade commissioner Peter Mandelson spoke to me yesterday after my letter to him on the issue and he (Mandelson) said he will take up the issue with the European Commission," Indian Commerce Minister Kamal Nath told reporters.

Taking up the matter with Mandelson, Nath had written a letter saying this issue was really a question of providing cross border investment a national treatment, a commitment EU has given in the WTO negotiations.

China and India are working toward membership in an international body set up to combat money laundering
Media Release
China and India are working toward membership in an international body set up to combat money laundering, but Myanmar and Nigeria remain on a list of uncooperative countries, the chair of the body said....
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What right has India to fight for Mittal? Mittal is not Indian - his company is not Indian either
Sonia Chopra
It is the biggest joke of the year as Indian businesses and Government gang up to fight for Mittal.....
READ MORE>>

Fast food chain KFC has announced plans to expand its operations in India and the reopening of a restaurant in New Delhi after almost a decade
Kiran Chaube
KFCs presence in New Delhi 'will be an important step' in extending its presence
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George Bush is right - it is time for India and China to deal fairly with America in trade
Sudhir Chadda
America can compete anywhere anytime in a fair game. But what India and China are doing is just taking advantage of American innocence in international trade.
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It is time for America to act - China will not revalue the yuan but will adjust interest rates to keep a gap with the United States in order to curtail yuan speculation
Media Release
Wu said the stability of the exchange rate and interest rate is critical for financial security.
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Increasing protectionist rhetoric from the U.S. Congress is 'a worrying development': World Trade Organization
Babu Ghanta
Pascal Lamy, head of the World Trade Organization (WTO), said it is understandable that the United States' increasing trade deficit is creating anxieties...
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Mittal hits a hard rock again - Taiwan's China Steel Corp.has rejected a takeover offer by Mittal Steel Co., the world's largest steelmaker
Special Correspondent
The spokesman said Mittal Steel made the offer through an investment bank to purchase privatized China Steel, which is 23.3 per cent owned by the state....
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