tip off

Fortescue Metals moves to rescue falling share price, but too late?

Andrew “Twiggy” Forrest’s Fortescue Metals Group will need to move soon if it’s to avoid serious financial strife caused by the ongoing downturn in the global iron ore market.

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Business bites: euro down … China’s reason to frown … banks go to ground …

The euro is edging closer to parity with the US dollar. And other business tidbits of the day.

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Business bites: Rio ‘streamlines’ … coal price declines … Glencore shuts its mines …

Rio Tinto’s “streamlining” is great for shareholders — less so for workers. And other business tidbits of the day.

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Business bites: Cashies cash-strapped … Aurizon’s cash trapped … spot price recap ….

Cash Converters, ironically, is strapped for cash. And other business tidbits of the day.

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Business Bites: Melco profits smashed … iron ore crash … Fifty Shades of Cash …

James Packer’s Macau casino faces falling profits. And other business tidbits of the day.

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Business Bites: China slows … US grows … Abbott’s woes …

China’s economy slumps in line with falling commodity prices. And other business tidbits of the day.

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Business as usual not enough in a disappointing MYEFO

With deficits as far as the eye can see, the government needs to work out how to encourage business investment. Crikey writers Bernard Keane and Glenn Dyer explain.

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Evolve ore die — the grim future of Australia’s steel industry

The latest trade figures from China are in — and it’s not good used for our beleaguered Treasurer.

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It’s not just iron ore and coal — tumbling commodities will hurt Hockey

Falling commodity prices and even bond rates will undermine the government’s budget planning, Glenn Dyer and Bernard Keane write.

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Iron ore miners, beware: China is not going to keep buying our resources

China’s economy is slowing, and its housing market is in the toilet. While Treasury forecasts suggest everything is fine, underneath the surface the cracks are beginning to show.

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Don’t look now, but the price of iron ore is rising

The sky is falling and iron ore prices are crashing, right? Not exactly …

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Guinea, Gina and the giant gifts enjoyed by miners

While Gina Rinehart demands that governments get off the back of the beleaguered mining industry, it is enjoying massive subsidies from state governments.

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Who is John Galt?

Crikey readers have their say on submarines, the real threat of Islamic State and the selflessness of mining companies.

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Why manufacturing navy submarines overseas is the wrong move

Crikey readers have their say on military procurement, mining companies and other issues of the day.

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BHP, Rio Tinto deliberately sinking the price of iron ore

It’s not greedy unionists or meddling governments that have caused a slump in iron ore prices — the smoking gun is in the hands of Rio, BHP, Fortescue and Vale.

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Where did it go so wrong for NT miner Western Desert?

Western Desert is the latest victim of the iron ore crash, sure, but is there more at play?

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Iron ore prices are down, down — and it’s going to get a lot worse

The Chinese building boom was unprecedented in scope and swiftness. The bad news? The bust will be of the same magnitude.

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Rio throws down the gauntlet on iron ore

Rio Tinto is reporting spectacular profits, and it has no plans to slow down production of iron ore, even though prices are falling.

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China ‘recovery’ more a dead cat bounce

The one sector that is not seeing growth is the one most important to Australian mining: housing in China.

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The oncoming storm that will smash the mining boom in the Pilbara

A confluence of three factors are converging on the Pilbara’s iron ore mines. The result will be a once-per-century economic cyclone, and miners better batten down the hatches.

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Coalition’s economic hopes rest on China’s steel mills

The long-term success of the budget will depend heavily on the appetite of Chinese steel mills for our iron ore, Glenn Dyer and Bernard Keane write.

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The five waves that could wipe out the Australian economy this year

The waves washing over the Australian economy won’t wipe us out in themselves. But the convergence of them this year could flood attempts to refloat the economy.

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Iron ore drags down terms of trade for gloomier economic outlook

The outlook for Australia’s iron ore producers is dour. That drags down our terms of trade, and suggests Joe Hockey’s gloomy economic forecasts can be believed.

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The rebalancing act: why iron ore is giving Hockey headaches

Joe Hockey may have to go back to the numbers on iron ore. The decline in prices is accelerating, making his assumptions on returns out of whack.

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Richard Farmer’s chunky bits

The Financial Times has drawn attention to the way that iron ore prices this week have bucked the downward trend in commodity prices as measured in $US.

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