Today,Monday,marks the one month anniversary of the Japan earthquake.Toyota Motor plants there have been closed since then,plagued by parts shortages.The company hopes to reopen all 18 plants by next Monday.
Japanese automaker stocks were down about 2% in early Monday trading,pressured by a Citigroup downgrade of them on lost earnings due to the quake.The broadly based Topix index was down 0.14 on this concern,and the Nikkei 225 was off 0.48.Chinese and Australia/New Zealand markets opened higher.
BHP Billiton is reportedly interested in acquiring Woodside Petroleum for around 50 billion dollars,with an initial purchase of 24 billion.Woodside has liquified natural gas assets on Australia's North West Shelf.
In Chinese energy news,Fu Chengyu is moving from energy majors CNOOC to Sinopec.At CNOOC,Mr.Fu oversaw considerable growth.He has much experience in oil and gas exploration,which is a deficiency at Sinopec,as well as in mergers and acquisitions.
Hong Kong awoke to clear conditions and temperatures in the upper 70s F.
CNOOC Ltd.(CEO),Sinopec(SHI),BHP Billiton Ltd.(BHP)
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