April 11, 2011
Australia: THE federal government has released the biggest area in more than a decade for offshore petroleum exploration, underscoring the country’s commitment to exploiting its rich endowment of natural resources to cash in on Asia’s surging demand for energy. Finding new energy reserves is a priority for Australia, which forecasts a trade deficit in crude [...]
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April 7, 2011
Private nonresidential construction spending increased 0.9% in February, according to the April 1 report by the U.S. Census Bureau. However, despite February’s monthly performance, private nonresidential construction spending is down 13.2% from the same time last year. Total nonresidential construction spending — which includes both privately and publicly financed construction — stood at $523.2 billion [...]
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