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Showing posts from January, 2011

2010 –Australian Financial Wrap Up (The year of Ipads , Rudd Exit , NBN wiki leaks , try again BHP and what not …

2010 in the media: Wiki leaks, iPads and the NBNHere is our “financial wrap up 2010” or “australian stock marketwrap up 2010” with and australian flavor. Emerging economies (in Asia and Latin America) significantly outperformed countries where the GFC had the most impact (the US, Japan and parts of Europe). BHP did it again, BHP Billiton Ltd put a $US45 billion bid for Canadian fertiliser company Potash Corporation of Saskatchewan Inc and then withdrew it later. The major 4 banks earned a lot of badwill from the government and its customers for increasing rates much higher than the  official bank rates  and then  some ended up removing “Bank EXIT fees“  to get more competitive.GOLD forecastHistorically ,January 21st, 1980 saw the price of gold reach 850 US dollars per ounce. To understand how much money this is worth today one would need to adjust the figures according to the CPI (Consumer Price Index). 850 dollars in 1980 is worth 2,250 US dollars in the year 2010. If gold were to re…

Coal prices set to climb higher due to Australian Floods and Africa heavy rains

Coal Flooding Breaking News:
Australia is the world’s biggest coal exporter when supplies of coking coal to make steel and thermal coal to generate power are combined.The country shipped 259 million tons of material in 2009, according to data compiled on the World Coal Association’s website. It was followed by 230 million tons of exports from Indonesia. The group cited information from BP Plc, the International Energy Agency, the World Steel Association, Simpson Spence & Young and the World Energy Council. some of the bigger coal export markets are Japan, India, Chile, China, Australia, and Belgium.

South Africa Heavy rains impact exportsSouth Africa raised the flood-warning level for its central Orange River area today as water levels in places were expected to reach the highest since 1996. The country’s biggest dam, Gariepdam, is at 113 percent of “full” levels and the second- biggest, Vanderkloof, is 107 percent fu…