PetroChina is seeking 3.7 billion dollars of Australian energy deals.Overall,the state-owned oil and gas enterprise is looking to acquire 60 billion of overseas assets in the next 10 years.
Beach Energy Ltd is exploring an Australian shale gas field with Chevron.The company said the Cooper Basin region in the Australian outback will be a major onshore petroleum province.The gas in the basin could meet New South Wales needs for the fuel well into the future,plus be delivered into export markets through liquified natural gas facilities.
China's January-February industrial production was up 9.9 %,the weakest start to a year since 2009.The country is consolidating its 27 government ministries into 25.The ministry of railways,which employs 2 million people,will be split in two,between a policy arm and an executive arm.This is in line with railway ministries in other parts of the world.
In historical terms,the silver market is quiet,said Greg Smith,Director at Global Commodities Ltd in Adelaide,Australia.You're pretty close to more buyers than sellers.Solar panels are consuming it.
Silver is also used in electronics and medical applications.
I like sugar,coffee and soy meal.The inflationary impact of food could light the inflationary fire.
In Japan,the Nikkei was up at midday Monday on strong exports from the weaker yen and US employment figures.It was the eighth straight day of Nikkei gains.
Japan is doing the right thing,according to Mike Kurtz of Nomura Securities.The election on December 16 was a referendum on policy change.Kuroda-san,the Bank of Japan governor nominee,will reflate the economy.Japan could see a 30% upside over the next 12-18 months.
Hiruhiko Kuroda said he will consider continuing asset purchases.Buying derivatives is an option.
iShares Silver Trust(SLV),iShares Japan Index Fund(EWJ),Beach Energy Ltd(BPT:ASX),Chevron(CVX)
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