1.
Study: More than half of pets overweight
BEIJING, July 4 (UPI) -- The head of the Chinese oil company trying to buy Unocal Corp. says opponents of the deal don't understand how much China has changed.
"The Chinese people and government are learning from the United States," Fu Chengyu, chief executive of China National Offshore Oil Corp., told the Los Angeles Times. "We are adopting the free-trade system very quickly, even though it's not perfect."
He said those opposing the $18.5 billion offer because of national security concerns may simply be "scared and surprised" by China's rapid rise in the world.
Fu said China would not hoard Unocal's oil and natural gas reserves because doing so would require costly long-distance shipping or breaking long-term contracts.
The U.S. House of Representatives last week passed two measures aimed at blocking the deal. Opponents of Cnooc's offer allege the oil company is an agent of the Chinese government.
|
|
|
|
|
|
| Additional Top News Stories | |
MOUNT PLEASANT, S.C., Feb. 13 (UPI) --
Authorities in South Carolina said they were investigating the disappearance of a woman whose fiance was found dead in the couple's home near Charleston.
|
LOS ANGELES, Feb. 13 (UPI) --
Actor Matt Bomer, star of the U.S. television series "White Collar," confirmed during the weekend he is gay and has a longtime partner.
|
CHICAGO, Feb. 13 (UPI) --
Grains futures on the Chicago Board of Trade closed higher Monday with the dollar starting the day heading lower before finishing flat.
|
UPI horoscopes for Tuesday, Feb. 14, 2012.
|
| Stories | Photos | People | Comments |
View Caption
