China: M&A Activity and Oil Demand

Resource Opportunities (05/05/2010)
"Merger and acquisition (M&A) activity in Asia (excluding Japan) surged in the first quarter, almost doubling from a year ago to $89 billion. In that period, M&A activity in Europe was down 5.7% and in the U.S. down 25.6%. With Western economies remaining sluggish, global corporations are expected to continue to buy companies that give them access to emerging economies.

. . .China's oil demand in February grew 28% from a year ago. The largest oil exporter, Saudi Arabia, sees domestic demand for oil squeezing its ability to keep up with export demand. China has now surpassed the U.S. as the biggest customer for the kingdom."

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