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Petroliam Nasional Berhad, commonly known as PETRONAS (stylised in all caps), is a Malaysian multinational oil and gas company headquartered in Kuala Lumpur. Established in 1974, it is a legal entity incorporated under the Malaysian Companies Act 1965 and reports to the company's Board of Directors. The corporation, with a presence in over 100 ...
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In 2012, a CNPC subsidiary, the Bank of Kunlun, was sanctioned by the United States because of its financial relationship with the Islamic Revolutionary Guard Corps and the Quds Force. [17] In July 2013, CNPC and Eni signed a $4.2 billion deal to acquire a 20% stake in a Mozambique offshore natural gas block. [18]
The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock, on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate ...
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the Wall Street crash of 1929 and Great Depression.
In 2006, the Financial Accounting Standards Board (FASB) implemented SFAS 157 in order to expand disclosures about fair value measurements in financial statements. [3] Fair-value accounting or "Mark-to-Market" is defined by FAS 157 as "a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date".
PETRONAS CHEMICALS GROUP BHD: 5183 Chemicals 55.36 billion PETRONAS DAGANGAN BHD: 5681 Oil and gas 20.29 billion PETRONAS GAS BHD: 6033 Oil and gas 36.30 billion PPB GROUP BHD: 4065 Plantation & Properties 21.26 billion PRESS METAL ALUMINIUM HOLDINGS BERHAD: 8869 Metals 44.16 billion PUBLIC BANK BHD: 1295 Financial services 81.65 billion QL ...
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