CNOOC-Nexen deal under U.S. pressureSchumer presses Obama to use its approval of the takeover to force changes in Chinese policy; Hong Kong firm under investigation By Gary Park For Petroleum News
The proposed blockbuster takeover of Canada’s Nexen by China’s CNOOC is entangled in a web of U.S. politicians and securities regulations.
Top-ranking Sen. Charles Schumer (D-NY) wants the Obama administration to use the $15.1 billion deal as leverage to solve long-standing trade and investment i....
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