Featured

• ConocoPhillips, CNOOC Agree to Pay US$160 Million for Bohai Bay Oil Spill

  Houston-based ConocoPhillips and CNOOC have reached a financial settlement agreement with China’s Ministry of Agriculture to compensate for the damage caused by the June 2011 Bohai Bay oil leaks. Under the agreement, RMB1 billion (nearly US$160 million) will be paid as compensation to settle public and private claims of potentially affected fishermen in relevant Bohai Bay communities, according to a January 24 press release issued by ConocoPhillips.
  
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• China, India Keen to Access the Arctic Circle

  Despite harsh weather conditions, the Arctic is becoming a global hot spot, with non-Arctic countries like China, India and Brazil pursuing “observer” status on the Arctic Council – an intergovernmental body promoting cooperation and environmental protection among countries that have territories in the Arctic area.
  
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• Euro Zone Crisis Endangers Asia-Pacific Credit Ratings

  

  The financial crisis in the Eurozone may affect credit ratings in the Asia-Pacific region, Standard & Poor’s Ratings Services recently warned.
  
  Photo: Bloomberg

  
  
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• Call Your Broker - India Allows Individual Foreign Investors in Stock Markets

  Starting from yesterday, India has allowed foreign individual investors to purchase stocks directly in Indian companies for the first time; previously, access to Indian stocks was only permitted through institutional investors. The move widens the ability of foreign investors to take advantage of India's booming growth and is something the financial services lobby in India has been pushing for years.
  
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• UK Chancellor – International Businesses Must Look to Asia

  Getting growth back into multinational companies not already expanding in Asia is a task that unites not just the UK, but also the entire Eurozone and the United States – all of which have suffered during the on-going Global Financial Crisis. With GDP growth in all these areas either minimal, static or at worst, entering recession, emerging Asia offers a way out.
  
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Latest on 2point6billion.com

• Norway May Halt China's Arctic Council Ambitions
• ConocoPhillips, CNOOC Agree to Pay US$160 Million for Bohai Bay Oil Spill
• India Foreign Investment Regulations and Limitations
• China, India Keen to Access the Arctic Circle
• Euro Zone Crisis Endangers Asia-Pacific Credit Ratings
• United States Pushes China to Cut Oil Imports from Iran
• Call Your Broker - India Allows Individual Foreign Investors in Stock Markets

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