ALUMINA Ltd is making a surprise return to dividend-paying status despite its
2009 profit being savaged by the impact of the global financial crisis on
alumina and aluminium demand and prices. Earnings collapsed from $202 million
in 2008 to a loss of $2 million on an ''underlying''
ALUMINA is making a surprise return to dividend-paying status even though its
profit last year was savaged by the impact of the global financial crisis on
demand and prices for alumina and aluminium. The group's earnings collapsed
from $202 million in 2008 to a loss of $2 million on an
Portugal, Italy, Ireland, Greece and Spain are among the world’s worst
performing stock markets this year on concern the countries will struggle to
control budget deficits. Greece’s ASE peaked three times since its rally from a
six-year low in March, with the highest in the middle, on
The RBA governor Glenn Stevens says central banks need to curb booms by "not
keeping interest rates unusually low" (AAP : Dean Lewins) In a paper
co-authored by Reserve Bank governor Glenn Stevens, the central bank argues
that keeping official interest rates too low for too long could
Central banks may need to become more pro-active in dealing with dangerous
asset bubbles before they become destabilising to the financial system, the
Reserve Bank said today. In a paper co-authored by RBA Governor Glenn Stevens,
the central bank argued that keeping official interest rates
* Kiwi NZD=D4 around $0.6850 compared to $0.6872/80 in late local trade on
Monday, and a five-month low of $0.6807 struck in Friday's offshore trade. *
Kiwi shuffles lower as Wall St turns negative in late trade, as concerns about
the impact of the euro zone 's debt concerns on the banking
By Garth Theunissen South Africa’s currency may weaken to between 8 and 8.20
per dollar as it forms a “pattern of rising highs” against the dollar, Ian
Cruickshanks , head of research at Nedbank Treasury, said in a telephone
interview from Johannesburg. “Rising highs” are
BHP hosed down the nickel sale talk before Christmas and has done so again. The
official response this week was that there are ''no plans to exit the nickel
business''. The chatter nevertheless continues, with the latest tip being that
an unlisted Canadian group with some big ambitions, Royal
Commodities – Energy Crude Selling Stalls as EU Backs Greek Deficit-Reduction
Scheme Crude Oil (WTI)
$72.22
+$1.03 +1.45% Prices are re-testing
resistance-turned-support at the top of a previously broken falling channel
established
Top Stories Overnight Eco Event Risk on Tap Price Action Although the details
of the possible tax were not yet available, the prospect of yet another levy on
the global money centre banks will likely put further strain on capital markets
if it should ever become actual law.
ALUMINA Ltd is making a surprise return to dividend-paying status despite its
2009 profit being savaged by the impact of the global financial crisis on
alumina and aluminium demand and prices. Earnings collapsed from $202 million
in 2008 to a loss of $2 million on an ''underlying''
