BHP Still Sort Of Confident On China
BHP Billiton and Rio Tinto have presented two very different attitudes to the state of demand for minerals and commodities generally from China.
Companies in the News
Australian Economy
CPI Up, So What?
It's not that often that a very high inflation figure produces such a calm reaction in our financial markets.
GPT Hacks And Slashes To Survive
GPT yesterday had a chance to confirm or deny media reports that it was looking to raise up to $A1.6 billion.
More Car Industry Problems
So what will the world car industry look like by Christmas?
NZ's 1% Rate Cut
The New Zealand Reserve Bank has chopped its key interest rate by a record 1% to try and offset the impact of a recession and the global financial crisis.
Australia Market Report of October 22: Inflation Pressure Far From Low
Overnight Wall Street slumped in late trading with Dow Jones Industrial Average ended the day down 2.5%. Australia's benchmark S&P/ASX-200 share index yesterday advanced almost 4% for a second straight session, bringing the two-day increase to more than 8%, as buyers flooded back into big mining companies.
Midday Market Roundup 22/10/2008
The market has lost most of yesterday's gains – down 94 or 2.2% - on the back of the Wall Street down overnight again. The SFE Futures suggested a 120 point fall this morning. Property Trusts and Resources both underperforming – Healthcare outperforming relatively. BHP Billiton down 5% on back of its less than inspiring 1Q production numbers and is responsible for wiping 22 points off the index on its own.
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