China has started to build its first floating nuclear power reactor, which it plans to deploy off its coast by the end of the decade. China aims to launch a series of offshore nuclear power platforms to promote development in the South China Sea. Source: Reuters
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Japan and India are finally moving to fructify their partnership for development of the Chabahar port in Iran with Tokyo committing investment to help improve Afghanistan’s access to the port. Source Times of India
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Total acquisitions of oil and gas fields tripled to $31 billion in December from a month earlier. Source: Reuters
The PBOC has injected a net of 1.035 trillion yuan via reverse repos so far this week, an all time high. This week’s injection so far of over CNY 1 trillion suggests that there may be something more to the banks’ liquidity needs than simple calendar action. Source: ZeroHedge