BHP-Billiton is now valued at more than $250 billion, based on yesterday’s record close of $44.60. In fact, this week’s 8% surge means that BHP’s market value now exceeds the combined value of our Big Four banks.
Trillion
$17 billion is okay, but we’re no world leaders
Peter Costello was back at his fiscal fibbing best yesterday when he unveiled the government’s healthy cash flow for 2007-08 and declared “this would be the strongest fiscal position probably in the developed world”, writes Stephen Mayne.
Will China be the biggest sub-prime loser?
We all know that China has accumulated a staggering $US1.3 trillion in foreign reserves over the past few years, but it’s only starting to now dawn on analysts that the one-party totalitarian state might in fact be the biggest losers from the collapsing US sub-prime mortgage market.
