China wins oil deal with Afghanistan

Note: This section contains information in English only.
Source: BBC

China has gained possibility to recover millions barrels of crude oil after China received the approval for oil extraction in Afghanistan. China National Petroleum Corporation will develop the Amu Darya Basin that is estimated to have about 87 million barrels of the commodity. The move followed China's oil companies seek overseas expansion in view of the increasing domestic demand for energy.

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Tue, 27 Dec 2011 11:58:01 GMT

India and Japan reached currency swap agreement

India and Japan are expected to announce new currency swap agreement with the purpose to ease problems with liquidity. The agreement will allow two countries to swap currencies for the USD and use each other's foreign-exchange reserves. The pact followed the growing volatility in currencies of both countries. The deal is likely to be concluded during Yoshihiko Noda's, Japan's PM, next visit to India due

Tue, 27 Dec 2011 11:42:00 GMT

November construction orders in Japan saw 21% increase on yearly basis

The number of construction orders in Japan received by 50 largest construction companies added 21% in November totaling Y812.4 billion, eyeing an increase for the second consecutive month, reported the Ministry of Land, Infrastructure. The orders expanded by 24.3% in October.

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