How desperate is BHP Billiton to get its Rio Tinto bid up? There was a flood of leaks and tips from the BHP camp to weekend papers in London about all sorts of deals and moves. Glenn Dyer reports.
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There’s more than one way to get a rates rise
It’s now looking as though we are “enjoying” a defacto interest rate rise of around 0.20% to 0.40% judging by where short term money market rates have settled above 6.80% to 7%, writes Glenn Dyer.
Parity ho! Aussie dollar on a 23-year high sails past 90 USc
The Australian dollar hit a new 23 year high today, rising above 90 US cents for the first time since June 1984, writes Glenn Dyer.
The markets: Trust, confidence, and liquidity in short supply
All those investors who looked longingly at their investment returns for the 2007 financial year, with rises of 12%, 15%, 18% or more, should look away from this story.
