Word: billion
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...Canada's economy may have shown a big job improvement in September, but that has to be seen in the context of losing 210,000 manufacturing jobs over the past 12 months. According to CME, Canada normally sacrifices 25,000 jobs and $1.9 billion in revenue for every one-cent improvement against the U.S. dollar...
...Canada and the U.S. are each other's biggest economic partners, with annual two-way trade valued at more than $600 billion before the bite of the latest recession...
...good," says David Zweig, director of the Center on China's Transnational Relations at the Hong Kong University of Science and Technology. "China has been very active to get as many commitments on energy around the world before the dollar devalues too much." In August, China signed a $41 billion contract to buy liquefied natural gas over the next 20 years from Australia. Last month, China's state-owned China National Offshore Oil Corp (CNOOC) entered talks with Nigeria to buy as much as one-sixth of the West African nation's proven petroleum reserves, the Financial Times reported. This...
...Chinese Premier Wen Jiabao during his visit to China this week conjured up memories of the Sino-Soviet alliance during the early years of the Cold War. But despite the bonhomie and talk of common interests, the neighbors are now most aligned by the bottom line. After signing $3.5 billion in deals and approving a framework for the export of a huge quantity of Russian natural gas to China during an Oct. 12-14 summit, the two countries have shown that what links them closest is the almighty deal...
...China, Russia provides a safer, more direct source for gas and oil than either the Persian Gulf or the Horn of Africa. Energy-rich Russia has suffered from tanking oil and natural gas prices, while China has managed thus far to weather the global economic downturn thanks to $586 billion in government stimulus spending. China has taken advantage of more than $2 trillion in foreign-exchange reserves to shop for energy and mineral reserves abroad. (See pictures of Chinese investment in Africa...