GLG News in Energy & Industrials

  America’s commercial airlines have grounded aircraft causing thousands of cancellations over a difference in interpretation of long standing airframe inspection rules. The process of regulatory oversight of the nation’s airlines has a far reaching impact and despite a successful program of self disclosure, appears to be in need of repair. Problems we have identified include;...

Indian Government provides tax incentives for discovering oil, but does not do the same for the discovery of gas. Differential taxation policy for discovering oil or gas is illogical and will discourage foreign investments in this sector.

Private Equity (PE) firms have invested in Indian companies as long as they have confidence in original entrepreneurs/promoters (Emcure Pharmaceuticals-Pune: Blackstone Gr.; Granules India- Hyderabad: ISP Investco, Ridgeback Capital Investments). Many of the Active Pharmaceutical Ingredient (API) and Pharmaceutical companies have been producing API and generic drugs before India joined WTO. These...

Who has decided that we can continue our economic miracle by becoming a service oriented society cooking hamburgers for each other using imported beef, imported vegetables, etc.; suing each other, and selling insurance & junk bonds to each other, but definitely not manufacturing or creating anything that we can sell as export goods, or that we can consume instead of importing the products that...

This article is right on the money as the developers who leveraged all their financing on selling the whole community got caught in a down turned market. I don't think communities will become "ghost towns" as this will be an opportunity for large developers to buy at a reduced price.

In its July 2 issue, The Guardian newspaper writes that BPs future in Russia is now is in serious doubt, while Heralds' June 11 edition had already reported the same. When does doubt become fact? When does attitude get in the way of work? Why does "British Petrolum" find it so hard to change?

Less than a month after the Tokyo's sunmmit calling for a $45 trillion investment in up to 1400 reactors globally, France's announcement today, to build a second generation Power plant, ranks it as the second country (after Canada) joining the race to produce clean energy. Will USA join in the fun soon?

Domestic reserves of crude need to be developed to the fullest extent possible. Not doing so should be reason enough to remove whomever and whatever obstacle standing in the way. Enough of the hysteria about natural resource development from the environmentalists. For at least the next 30 years, this has to be part of the equation for America.

Drawing up of a Resolution is a natural democratic process demonstrating "resolve" and collaboration amongst voters. It should be clear that UN Incentives to Iran to stop its Uranium Enrichment program, are a sophisticated set of "collaborative" offers by the international community, and not a set of forceful measures. Rejection of the UN incentives by the Islamic regime, has been a...

  New York City Mayor Michael Bloomberg's scheme to charge drivers $8 per vehicle to drive in lower Manhattan during business hours was attacked by drivers, the trucking industry and eventually was shot down by the New York State legislature in Albany.   But the combination of $4.50 per-gallon gasoline and the slowing American economy has produced the same effect: fewer vehicles clogging...