Coal Spoils Steady BHP Production

BHP is forecasting stronger operating performance in the second half of 2017-18 after turning in what could be described a solid effort in the three and six months to December, except in its key coking coal business in Queensland where production is down, costs certain to rise which could impact earnings.

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GE Headed For Breakup?

More pain for shareholders in the struggling US giant conglomerate, GE with a big new insurance cost revealed, more losses, a higher ongoing tax bill and the growing possibility of major break up of the the company which only a couple of years ago was America’s industrial icon.

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US Jobs Growth Losing Steam

The US Federal Reserve has a two day meeting down for the end of this month, but don’t expect any change in US interest rates after the slightly weaker figures for December and 2017. The weaker description is of course all relative to previous years, but a slowing trend in the great 9 year US economic rebound is now clear.

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Steinhoff Chair Walks As Break-Up Looms

More than a billions of dollars of Australian retail assets look likely to become available next year after further fractures in the huge South African-based global retailer, Steinhoff International saw chairman Cristo Wiese quit last week and some of the world’s biggest banks emerge as having lent billions to the company and Mr Wiese.

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