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.
BHP Billiton and Rio Tinto have presented two very different attitudes to the state of demand for minerals and commodities generally from China.
It's not that often that a very high inflation figure produces such a calm reaction in our financial markets.
GPT yesterday had a chance to confirm or deny media reports that it was looking to raise up to $A1.6 billion.
So what will the world car industry look like by Christmas?
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.
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.
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.