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Tag Archives: Australia

PetroChina Inks Deal With Exxon Mobil

20-Aug-09

Despite recent tension between Australia and China, PetroChina Co. Ltd. has inked a deal with the world’s largest publicly traded oil company – Exxon Mobil Corp. As part of the agreement, PetroChina, Asia’s biggest oil company, will purchase liquefied natural gas (LNG) from a field off Australia’s north-western coast, of which Exxon Mobil owns a [...]

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Australia Dodges Recession

04-Jun-09

Australia surprised the world as news broke that it is still dodging the global recession that has hit virtually every other nation. Australia’s Prime Minister Kevin Michael RUDD announced that the island-continent was the only advanced economy not in the midst of a downturn currently, though he added that the country is still at risk [...]

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Overnight Market News – May 12, 2009

12-May-09

Bank of America Corp Raises USD 7.3B from Sale of Stake in China Construction Bank Corp The European Union (EU) Will Conduct Stress Tests on its Banking Sector by September 2009 to Determine Capital Adequacy China’s Exports Fall 22.6% in April (yoy), While Factory Investments Surge 30.5% (ytd) Australia’s Budget Deficit Balloons to Record USD [...]

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