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Email this article: Dow awarded US$2.16 billion from Kuwait over aborted 2008 deal
Posted: Thu May 24, 2012 8:30 pm
KUWAIT. Kuwait's Petrochemical Industries Co., under pressure from lawmakers, canceled a contract to form a 50-50 venture with Dow's plastics unit in December 2008.
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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