Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

BHP to sell interest in Browse to PetroChina for $1.63 bn

Dec 12 2012, 13:27 IST
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BHP Billiton agreed to sell its stake in the Browse liquefied natural gas (LNG) project to Chinese oil and gas producer PetroChina Co Ltd for $1.63 billion, the second partner to leave the project in recent months. (AP) BHP Billiton agreed to sell its stake in the Browse liquefied natural gas (LNG) project to Chinese oil and gas producer PetroChina Co Ltd for $1.63 billion, the second partner to leave the project in recent months. (AP)
SummaryBHP Billiton agreed to sell its stake in the Browse liquefied natural gas (LNG) project to Chinese oil and gas producer PetroChina Co Ltd for $1.63 billion, the second partner to leave the project in recent months.

Foundation (ACF) is battling construction of a plant to process gas from the project along the Kimberley coastline, a remote and environmentally sensitive region in far northwestern Australia.

Environmentalists and some indigenous landowner groups want the gas piped to other locations, which they say could include areas around the existing North West Shelf gas hub further south.

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