S&P Global to Buy IHS Markit for $44 Billion in 2020’s Biggest Merger
By Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger,...
By Isabel Reynolds and Maiko Takahashi
(Bloomberg) — Japan’s foreign ministry unveiled a map and photographs of what it said were 16 Chinese marine platforms close to Japan’s side of the disputed East China Sea.
The platforms are on the Chinese side of a geographical median line that Japan contends should mark the border between their exclusive economic zones. Japan has long expressed concern that such developments could siphon gas out of undersea structures that extend to its own side.
“It is extremely regrettable that China should conduct unilateral development of resources,” Chief Cabinet Secretary Yoshihide Suga told reporters in Tokyo on Wednesday. Suga said that 12 new structures had been confirmed in the area since June 2013 and that Japan decided to release the images because of increased interest, both domestically and overseas.
The disclosure comes days after the passage of security bills to extend the role of Japan’s military to allow it to defend other countries — a move China said risked unsettling regional security. Relations between Asia’s two largest economies are thawing, even as they are locked in a dispute over ownership of a group of uninhabited islands.
Japan’s Ministry of Foreign Affairs urged China in a statement to return to talks about a 2008 agreement on joint development of resources in one area around the median line.
Details about the platforms and Japan’s complaints to China about them were included in a last-minute addendum to the Defense Ministry’s annual white paper, which was approved by Prime Minister Shinzo Abe’s cabinet Tuesday.
Chinese Foreign Ministry spokesman Lu Kang said in a statement Tuesday that the country’s oil-and-gas exploration in the East China Sea was “justified, reasonable and legitimate.”
“The new defense white paper of Japan once again ignores facts, makes irresponsible remarks on China’s normal military growth and maritime activities and deliberately plays up the ‘China threat’ and stirs up tensions,” Lu said. “China is strongly dissatisfied and opposed to this.”
©2015 Bloomberg News
Join the 62,703 members that receive our newsletter.
Have a news tip? Let us know.