Chinese Inflation Drags Asian Shares Lower

by | Jan 20, 2011 | Towing

Asian markets plunged Thursday. In China the Shanghai Composite Index tumbled 2.9% to 2,678 and in Hong Kong the Hang Seng Index fell 1.7% to 24,004. Japan’s Nikkei 225 Index lost 1.1% to end the day at 10,437.
…

CNOOC and Chesapeake Sign a $2.2 Billion Deal

by | Oct 11, 2010 | Towing

CNOOC, China’s top offshore oil producer, plans to buy buy one-third of Chesapeake Energy’s oil and natural gas acreage in the Eagle Ford Shale project in South Texas for $1.08 billion in cash. The companies believe the deal wi…