Author: News Desk

Contagion Catch 22; Finland Opposes Greece Bailout Deal; No Scope for Solutions
January 16, 2015 0

Contagion Catch 22; Finland Opposes Greece Bailout Deal; No Scope for Solutions

By News Desk

Even if Finland was agreeable to bailout changes, the Size of Greece’s Debt Limits Scope for Solutions . Eurozone finance ministers agreed in November 2012 to consider further debt relief for Greece once it reached a budget surplus before interest payments, which it did for the last two years, and as long as it stuck to its promises of austerity and reform. But how much scope is there to reduce Greece’s debt burden

January 15, 2015 0

It’s January

By News Desk

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China’s Iron Ore Inventories Post Biggest Decline in Two Years; Yuan Observation; Pro-Cyclical Stupidity
January 14, 2015 0

China’s Iron Ore Inventories Post Biggest Decline in Two Years; Yuan Observation; Pro-Cyclical Stupidity

By News Desk

The Australian Business Review reports Iron Ore Price Reverse Gathers Pace, With New 2 percent Decline At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US68.50 a tonne, down 1.9 per cent from its previous close of $US69.80 a tonne, and just 4 per cent above the five-and-a-half-year low of $US65.70 reached just prior to Christmas. At the start of the year optimism in the iron ore sector was beginning to grow as the commodity staged a recovery of almost 10 per cent from its December trough, but once again fears of a dead cat bounce are surfacing as oversupply worries dampen investor interest. Iron ore lost about 50 per cent over the course of last year as surging supply could not be met by a similar lift in demand and expansion plans from major producers threaten to exacerbate the oversupply situation in 2015