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A global perspective for Australian investors
Talk of Stimulus may provide support to market
The market fell another couple of hundred points since my last email, but has found some support today in light of the below news. I anticipate that commodities will return to favour as a result, sending resource stocks higher. When trading these short-term waves, keep in mind that EU problems will return to haunt us […]
Posted in: Deryn Knott's Macro View
Company News for 17/05/13
May 17, 2013
AQA Aquila Resources is pleased to announce that the Commonwealth Minister for Sustainability, Environment, Water, Population and Communities has approved the Anketell Port proposal, in which the Company has a 50% interest.. All primary WA State and Federal environmental approvals have now been granted for the mine, rail and port elements of the West Pilbara […]
Posted in: Company News
World Economic News for 17/05/13
May 17, 2013
China Following JPMorgan’s lead, BofA Merrill Lynch slashed its forecast for economic growth in China citing “sluggish external demand [and] continued headwinds for China-related asset prices.” The bank’s economists had reserved judgement following weaker-than-expected Q1 data, but have since changed their minds (apparently not impressed by last week’s supposedly inflated trade data) and now say […]
Posted in: World News
Company News for 15/05/13
May 15, 2013
AQA Talwood Coking Coal Project JORC Resource Statement. Total JORC Coal Resource now totals 434.9Mt, up 76% from 246.5Mt. Maiden Measured Resources defined of 77.9Mt. Resource will produce a low ash coking coal and thermal coal by product. Mining Lease application lodged. Walton PCI Coal Project JORC Resource Statement. Total JORC Coal Resource now totals […]
Posted in: Company News
World Economic News for 15/05/13
May 15, 2013
Asia India’s appetite for gold drove the country’s trade deficit 70% wider in April as precious metals imports more than doubled Y/Y. The deficit came in at $17.8B last month, up from $10.31B in March as higher import taxes on gold failed to arrest voracious demand from the world’s biggest consumer. The country’s trade secretary […]
Posted in: World News
Company News for 13/05/13
May 13, 2013
AIX AIX completed the sale of all its assets on 15 April 2013. AIX today announces that it has completed the special review and due diligence process, and confirms the final amount of the Cash Return. The Cash Return is expected to total $3.1925 per AIX Security, comprising the Main Return of $3.018576 per security […]
Posted in: Company News
World Economic News for 13/05/13
May 13, 2013
Asia In a surprise move, the South Korean central bank cut interest rates by 25 basis points Thursday, calling economic activity in the eurozone and emerging markets “sluggish” and “weaker than initially expected.” The cut took the base rate to 2.5%, its lowest level in two years and when combined with recent fiscal policy designed […]
Posted in: World News
Company News for 09/05/13
May 9, 2013
AMP AMP Limited reported cashflows for AMP Financial Services (AFS) and AMP Group assets under management (AUM) for the first quarter to 31 March 2013. AFS net cashflows were $95 million for the quarter, a $387 million turnaround on Q1 12, which had a net outflow of $292 million. The growth in AFS cashflows in […]
Posted in: Company News
World Economic News for 09/05/13
May 9, 2013
Asia Bank of Korea cuts key interest rate to 2.5% Market Watch Aust Total employment was up 50,100 to 11.663 million in the month, according to seasonally adjusted figures released by the ABS. Full-time employment rose 34,500 to 8.16 million in April and part-time employment was up 15,600 to 3.504 million. The […]
Posted in: World News
Company News for 08/05/13
May 8, 2013
BHP BHP Billiton has priced a Canadian bond under its Euro Medium Term Note Programme. The Canadian bond issue comprises C$750 million 3.23% bonds due 2023. The proceeds will be used for debt refinancing including the retirement of commercial paper. Company report CSL CSL rival, Baxter, has announced that its Phase III […]
Posted in: Company News
World Economc News for 08/05/13
May 8, 2013
China China April exports rise 14.7%, beating forecasts Market Watch China China April imports rise 16.8%, above forecasts Market Watch China China April trade balance $18.16bn surplus vs $16.15 exp Market Watch China Premier Li Keqiang pledged to come up with a plan this year that […]
Posted in: World News
May 29, 2012
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