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India's state-run Oil & Natural Gas Corp. (500312.BY) and Oil India Ltd. (533106.BY) have made a joint bid for a 20% stake in a Mozambique oil and gas field operated by Anadarko Petroleum Corp. (APC), a person with direct knowledge of the matter said Friday.The move underscores the South Asian nation's interest in buying hydrocarbon assets overseas, even if that means it may have to work in alliance with Chinese companies in future.ONGC's wholly owned unit, ONGC Videsh Ltd., and Oil India have bid for shares being sold by U.S.-based Anadarko and India's Videocon Industries Ltd. (511389.BY), said the person, who didn't want to be named.If the bid by the companies is approved and eventually results in a stake purchase, analysts say it could be India's biggest foreign deal in the oil and gas sector and may also see India and China--who have a history of frosty relations--working together.The bid follows Thursday's agreement between oil producer Eni SpA and China National Petroleum Corp. u...
Author Gordon Chang discusses why President Obama needs to play hardball with China on foreign policy.
Gov. Ed Rendell, (D-PA), on efforts by Republicans to stop federal bailouts of state pension funds.
New America Foundation Senior Fellow Joe Mathews argues the state's political system prevents it from improving its budget in 2011 and beyond.
FBN's Bulls and Bear panel debate the funniest stories of the business day.
KFI AM radio host Wayne Resnick on the federal government’s bailout of the state that it will have to pay back with interest.
Rasmussen Reports President Scott Rasmussen gives last-minute predictions for the midterm elections.
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By Zhou Xin and Doug PalmerBEIJING/WASHINGTON, Sept 30 (Reuters) - China on Thursday hit back at a bill passed by the U.S. House of Representatives aimed at pressuri...
(Recasts, adds vote tally, Treasury comment)By Doug Palmer and Paul EckertWASHINGTON (Reuters) - The House stepped up pressure on China to let its currency rise fast...
The House of Representatives began debate on legislation to put pressure on China to let its currency rise faster, fanning the flames of a long-running dispute over ...
The House of Representatives is poised on Wednesday to pass legislation to pressure China to let its yuan currency rise more quickly, fanning the flames of a long-ru...
By Andrew QuinnWASHINGTON (Reuters) - The U.S. House ofRepresentatives is poised to pass legislation Wednesday topressure China to let its yuan currency rise faster,...
Last week, I had the opportunity to see and hear the Dalai Lama.It was indeed memorable. My best friend Sue joined me and 24,000 others to experience a star-studded ...
One of the more -- ahem -- glamorous aspects of my urban life is the weekly trip to the laundromat. While at times it's a going-through-the-motions experience, somet...
The twelfth Tibetan monk this year has set himself on fire - this time in the Tibet Autonomous Region.The International Campaign for Tibet, a U.S.-based charity, rep...
Last weekend I had a dose of reality that once upon a time would have had me reaching for the Ben & Jerry’s. Not a nice little portion, but a pint that I would have ...
FBN’s Stuart Varney sounds off on the U.S. and its continued debt problems.
Author and musician Kinky Friedman on his biopic play, 'Becoming Kinky.'
A cyber attack on key Canadian economic ministries last month was serious but will not affect the timing of next month's federal budget, a top cabinet minister said ...
