China: Not The Basket Case Some Think
AMP Capital Investors’ Chief Economist, Dr Shane Oliver gives us his assessment of China’s health after the release of economic data for September and the September quarter over the past week.
Read MoreAMP Capital Investors’ Chief Economist, Dr Shane Oliver gives us his assessment of China’s health after the release of economic data for September and the September quarter over the past week.
Read MoreSomething is stirring in US-China relations, and it’s not nice, and it could damage the global economy.
Read MoreAnd Rio Tinto said yesterday it had committed an additional $US1.3 billion ($A1.2 billion) to the development of the huge Simandou iron ore project in Guinea.
Read MoreShares in blood and drugs group, CSL closed up 1% yesterday after the annual meeting was told the company was planning another share buyback.
Read MoreAnd growing copper and gold miner OZ Minerals says annual copper production remains on target, despite a small drop in production in the September quarter.
Read MoreLike rival Rio Tino, BHP Billiton has reported a cracker of a quarter for its iron ore business in the three months to September.
Read MoreTelstra shares hit a 14 month high yesterday despite the wider market falling 2%, after shareholders voted to take the money and run from the NBN and the federal government.
Read MoreSo what can the Reserve Bank do as it looks to the next board meeting on Melbourne Cup day and assesses the country’s economic position and whether to cut interest rates?
Read MoreThe Chinese economy is still growing strongly, although it is doing so at a slower rate.
Read MoreRio Tinto’s costly and overpriced 2007 takeover of Alcan for more than $44 billion continues to haunt the group.
Read MoreIt’s not often we see a ‘bet the company’ type of deal, but yesterday we got one with the surprise move by Super Retail Group to buy top sports retailer Rebel Group for $610 million from private equity firm Archer Capital.
Read MoreLast week it was Rio Tinto which reported that its WA iron ore business did record numbers in the September quarter.
Read MoreJust seven days from today is all we have until we know whether the eurozone debt crisis will be put on a track towards settlement once and for all.
Read MoreConfidence is back, risk is ‘on’ again and markets almost blushed with vigour last week, none more than the Aussie dollar which added a large 5.9% or nearly 6 USc in jumping well past parity with the greenback.
Read MoreSo this week will be a lot like last week.
Read MoreA case is emerging for the Reserve Bank not to cut interest rates, either next month or December.
Read MoreGood news for the Australian iron ore and coal industries, and of course the country’s balance of payments for the next 18 months or so.
Read MoreIs the long tipped hard landing for China’s economy about to happen?
Read MoreLike business confidence and trading conditions, consumer confidence is recovering from the mid-year lows, while the housing and jobs markets seem to be a little firmer.
Read MoreShares in Fletcher Building fell more than 12% yesterday after it sprang a surprise profit downgrade on the market.
Read MoreBHP has given the clearest indication yet that it will expand its huge Olympic Dam mine in South Australia.
Read MoreIf the old cliché, ‘what goes up, must come down’ is true, then the obverse of that must be ‘what goes down must go up’ and that applies to the latest NAB report on business confidence and trading conditions.
Read MoreIt was seven months to the day yesterday since the March 11 earthquake and tsunami in northeastern Japan, which then triggered the Fukushima nuclear crisis and crunched the economy.
Read MoreThe Slovakian parliament is reported to have rejected the eurozone’s revamped European Financial Stability Facility (EFSF) rescue fund, a move that could rattle markets today.
Read MoreVictorian-based Rex Minerals has upgraded its plans for its low grade but huge Hillside copper prospect on Yorke Peninsula in South Australia, potentially doubling the original production forecasts.
Read MoreAnd still in South Australian copper mining, BHP Billiton has moved a step closer to making a yes or no decision on the huge Olympic Dam project.
Read MoreDespite the solid rebound in market confidence last week (well, up to Friday night in the US), the European debt problems haven’t gone away.
Read MoreDespite a better than expected jobs report for September, Wall Street closed in the red on Friday after the credit rating warnings for Italy and Spain scared investors and downgrades for European and UK banks sent American bank shares sharply lower.
Read MoreHopefully it will be a quieter week ahead of us after the dramas and moves of last week, especially from central banks in Australia, the UK and Europe.
Read MoreMore evidence yesterday that Australian consumers are spending solidly.
Read MoreTwo more tests approach for the slowing US economy.
Read MoreFirst it was Standard & Poor’s, then a fleet of private economists; finally it was the IMF delivering the bad news that everyone knows: developed Europe is in trouble and the various economies are sliding towards a new recession.
Read MoreMore evidence the Australian economy is better placed than all the business and consumer sentiment surveys have been suggesting.
Read MoreShares of coal miner New Hope soared yesterday after the company said it had received several takeover proposals and revealed it will launch a formal process to assess the offers.
Read MoreAnd shares in mining services and rail group Bradken Ltd finished up 3c yesterday at $6.24 after the company’s AGM in Sydney was told earnings in the 2012 were on track.
Read MoreStand by for the mother of all speculative binges about whether the Reserve Bank will cut interest rates at next month’s board meeting.
Read MoreAustralian got another glimpse of the full power of the resources boom yesterday.
Read MoreA sharp rally on Wall Street has halted the three day sell off around the world.
Read MoreUS, European and Asian stockmarkets have fallen sharply on rising concerns of a Greek sovereign default, and additional worries over China’s financial health.
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