Coal Flooding News: As the australian floods and devastation news in the eastern states hits the world news all over , another event in africa is adding to the pain of coal importing countries. To add to the coal export worries in australia, now africa us having heavy rains impairing thier coal exports as well. This chain of event can mean only one thing higher coal … [Read more...] about Coal prices set to soar with australian and african floods and rains
Business
$94 billion has been wiped from the stock market
$94 billion has still been wiped from the stock market value over the past week duue to various factors like the greece problems , australian internal new reform issues and the wall street market performances. Billions wiped from Australian stockmarket It fell 6.6 per cent for the week on fears that Europe's debt crisis will hit global markets and affect growth of the … [Read more...] about $94 billion has been wiped from the stock market
Potash Mining and Australia
Is potash the next big mining commodity in Australia ? Potash is a group of potassium minerals (oxides, chlorides, sulphates, nitrates and carbonates) used for fertilizer production with the most commonly extracted being potassium chloride salts deposited as sedimentary salt beds formed by the evaporation of ancient seas. BHP Billiton Ltd., the world’s largest mining … [Read more...] about Potash Mining and Australia
Trader’s million dollar mistake makes Market almost collapse
Both Fox News and CNBC reported that a trading error involving P&G stock could have been responsible for part of a massive dip that dragged and shocked the Dow Jones Industrial Average within a hair's breadth of a 1,000-point drop. The Dow fell 998.5 points, slipping well under 10,000 after a sudden sell-off that saw investors desert stocks . A trade done … [Read more...] about Trader’s million dollar mistake makes Market almost collapse
Australian stock market today
Australian stock market update today It looks like the stockmarket got bitten by a huge aussie croc today with the market in freefall today. Stocks hitting a new 52 week low include: Alesco Corp(ALS), AWE Ltd(AWE),Bannerman Resources(BMN), Elders(ELD) and Santos(STO) Lihir Gold (LGL) Chairman Ross Garnaut said he has received “encouraging results” from testing the … [Read more...] about Australian stock market today