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US in military misstep over African oilRanbaxy sale a perfect match

janvier 1, 1970

Strong expansion of the US military presence in Africa comes as the country's oil companies are also exanding their interest in and dependance on the continent. The more direct US military oversight of oil operations may have the virtue of honesty, but the risks far outweigh any potential benefit.The purchase by Japan's Daiichi Sankyo of Indian generic-drugs maker Ranbaxy induced smiles all round. Investors bought into the two companies' shares, delighted at the market fit, while young Ranbaxy boss Malvinder Singh and his family can look forward to his 36th birthday US$2.3 billion richer. - Neeta Lal

Written by Asia Times Online · Filed Under Informations - Depeches | Comments Off 

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