Saturday, October 24, 2009

Australia Commodities In Focus

Newcrest Mining: faces market complications; Santos rallying and reaffirmed full year production target; National Australia Bank warns it may have to cut BHP\'s credit ratings; BHP\'s corporate operation in Chile faces striking workers again; BHP outgoing CEO will address the Melbourne mining club.

Tags: Australia Commodities Bills Bonds Commodities Dollar Economy FED Federal Jim Market Notes Reserve Rogers Stock Yuan Ben Bernanke Bloomberg Commodities Cotton Paul Ron Sugar China Euro Europe Faber Globalisation Mark

Asian Central Banks Intervene as USD Slumps

Asian central banks bought U.S. dollars to weaken their currencies as the weaker dollar threatened smaller-export driven economies. Rob Rennie, currency strategist at Westpac Bank assesses this news, with Kirby Daley from Newedge Group, CNBC\'s Amanda Drury & Sri Jegarajah.












Tags: USD Asian Central Banks Currencies Argentina Bank Banks Collapse Corporations Corruption Economic Government IMF Neo-liberal Policies Swindle Theft World

Oil Cheap Relative To S&P says Expert

S&P oil price ratio


Oil plays such a fundamental role in the economy; The S&P needs to gain 55% to keep in line with historical data.



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