Chinese Drop Bid To Buy U.S. Oil Firm
5th Sep 2005, 14:45 GMT
NEW YORK, Aug. 2 -- Chinese oil company Cnooc Ltd. on Tuesday withdrew its $18.5 billion takeover bid for California energy firm Unocal Corp., saying it could not overcome resistance from politicians in Washington who said such a deal could threaten U.S. national security and violate the rules of...
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