The Economist reviews 2009
The Economist looks back at crucial events of the year. It began with a whirlwind of activity after the inauguration of Barack Obama as the 44th U.S. president. It ended with a Copenhagen conference on climate change. Obama was there, too. The Economist
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Wednesday, December 30, 2009
India's tax simplification could be good news for business
India's tax simplification could be good news for business
Business could be the big winner if India goes ahead with tax reform based on a uniform goods and services tax. From the outside, India looks to be a huge market with more than a billion consumers, but it is actually a collection of 28 states, all with power to set their own tax rate. The governing Congress Party promised to "create a seamless national common market for our farmers, artisans and entrepreneurs," possibly through a national GST. The Economist
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Business could be the big winner if India goes ahead with tax reform based on a uniform goods and services tax. From the outside, India looks to be a huge market with more than a billion consumers, but it is actually a collection of 28 states, all with power to set their own tax rate. The governing Congress Party promised to "create a seamless national common market for our farmers, artisans and entrepreneurs," possibly through a national GST. The Economist
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Tuesday, December 15, 2009
Exxon Mobil is bullish on Natural Gas
Exxon Mobil bets $31 billion on natural gas
XTO Energy deal seen as bold response to shifts in environmental regulations
With prices low, and the possibility of carbon emission caps looming, analysts expected it would be just a matter of time before one of the major energy companies took a plunge into the natural gas market. Now they expect others to follow suit.
“I think this is the first domino to fall,” said Curtis Trimble, a Houston-based analyst for Natixis Bleichroeder. “In future weeks, months or quarters we can expect to see other deals as well.”
That means American independent oil and gas producers such as Chesapeake Energy, Devon Energy and The Woodlands-based Anadarko, may get a look from other energy companies seeking an entrée into the gas market.
Full article here
XTO Energy deal seen as bold response to shifts in environmental regulations
With prices low, and the possibility of carbon emission caps looming, analysts expected it would be just a matter of time before one of the major energy companies took a plunge into the natural gas market. Now they expect others to follow suit.
“I think this is the first domino to fall,” said Curtis Trimble, a Houston-based analyst for Natixis Bleichroeder. “In future weeks, months or quarters we can expect to see other deals as well.”
That means American independent oil and gas producers such as Chesapeake Energy, Devon Energy and The Woodlands-based Anadarko, may get a look from other energy companies seeking an entrée into the gas market.
Full article here
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