| PROFILES: | |
| MEA: Weather invests in Wind | Russia: Rusal rounds up resource suppliers |
| Latin America: AmBev brews expansion | Asia: CSO comes into the light |
| Asia: Alibaba clicks with Yahoo | |
WHEN STATE-OWNED company China National Offshore Oil Corporation announced its intention to buy US rival Unocal for $18.5 billion, there was a predictably irrational response from certain American politicians, who saw the bid as an assault on strategic interests. But it is something they will need to get used to – CNOOC’s June bid was exceptionally ambitious, but was otherwise typical of a new-found aggression from emerging-market companies in their growth strategies.
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