Results tagged “exxonmobil”

• Karmapa softens stance on China [BBC] "The Karmapa Lama - Tibetan Buddhism's third-highest figure - has spoken of his admiration for Chinese culture. The comment made in an interview with the BBC Chinese Service suggested a willingness to co-operate with China. He said he backed the Dalai Lama's policy of seeking greater autonomy for Tibetans rather than independence, but blamed Beijing for deadlocked talks."
• ExxonMobil to build tech center in Shanghai [Forbes] "ExxonMobil Chemical Co., one of the world's biggest petrochemical companies, said Tuesday it plans to build a technology center in Shanghai to support its business in the region. The project will involve an initial investment of $70 million and the center will be opened in 2010, said the company."
• China, Taiwan grow closer with new surge in tourism [Reuters] "Taiwan has seen a sudden spike in tourism from China, as an effort by Beijing to improve ties helps its political rival battle recession with a long-sought boost to the service sector."

And in a class all by itself, the US$1 trillion(1,000,000,000,000) club. On Monday, the 4 billion A-share offering, priced at 16.7 yuan per share, finished its first day of trading on the Shanghai Stock Exchange at 43.96 yuan, rising as high as 48 yuan intraday. At US$1.005 trillion, PetroChina’s market cap is more than twice that of its US peer, Exxon Mobil (USD $486 billion), even though Exxon Mobil generated four times as much revenue...