PetroChina and Encana Announce $1.2B Joint Venture

PetroChina Co. agreed to form a joint venture with Encana Corp., Canada’s largest natural gas producer, paying $1.18 billion ($1.2 billion) for a 49.9 percent stake in the company’s holdings in Alberta’s Duvernay formation.
BRICS Set Up Reserves of $100B
44:20 - The BRIC nations have set up a $100B pool of foreign reserves to help weather future problems. Bloomberg’s Andrew Davis reports on “Asia Edge.” (Source: Bloomberg)
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