Shares of natural resource firm BHP Billiton rose Monday morning on news that the Australian Labour Party is lifting its ban on the export of uranium to India.Prime Minister Julia Gillard said the move will help the Australian economy by tapping into India's demand for energy.Her critics pointed out that India hasn't yet signed the nuclear non-proliferation treaty.
Japanese shares also rose on optimism that the Euro debt crisis is being seriously addressed.Jesper Koll,Head of Japanese Equity Research at JP Morgan Japan,described Japan as the forgotten angel.It is showing good job creation,wage growth and policy decisions.Goldman Sachs agreed,saying Japanese profits could rise significantly in 2012.
Mr.Koll is a longtime resident of Japan and has many years of experience analysing its economy.
BHP Billiton Ltd.(BHP),iShares MSCI Japan Index Fund(EWJ),JP Morgan Chase(JPM),Goldman Sachs(GS)
Showing posts with label BHP Billiton Ltd.. Show all posts
Showing posts with label BHP Billiton Ltd.. Show all posts
Sunday, December 4, 2011
Sunday, October 16, 2011
BHP Billiton Shopping in Brazil
Australian natural resource megafirm BHP Billiton is considering a three billion dollar U.S. bid for Brazilian miner Ferrous Resources do Brasil LTDA.BHP already has an extensive iron ore portfolio.Mid-tier miner stocks were doing well Monday morning in Sydney in response to this merger and acquisition prospect.
The MSCI Asia Pacific Index rose 1.11% early Monday,bolstered by hopeful news out of Europe as the G20 finance ministers promised to have a plan for the Euro debt crisis finalised in a week.
The New Zealand services sector grew more slowly than expected in September.
The dollar/yen was flat on Monday morning,while the euro/dollar fell.
At the Canton Fair in China,the world's largest trade expo,exporters pleaded for the U.S. to stop demanding that the Chinese currency,the yuan,appreciate further.It is at the breaking point for exporters now,one vendor remarked.Any further appreciation would mean no more cheap goods for U.S. retailers and a lot less sales for Chinese suppliers.Everyone would be hurt.
South Korean golfer Na Yeon Choi,soon to turn 24,won the Sime Darby LPGA Malaysia in Kuala Lumpur on Sunday.Taiwan's Yani Tseng,22,the world number one in the Rolex rankings,finished second.It was Choi's fifth career victory on the LPGA Tour,and the 100th win by a woman of Korean descent on the Tour,Choi pointed out.
It was 63F in Sydney on Monday under partly cloudy skies.The wind was S at 16 mph,and the humdity was 48%.
BHP Billiton Ltd.(BHP)
The MSCI Asia Pacific Index rose 1.11% early Monday,bolstered by hopeful news out of Europe as the G20 finance ministers promised to have a plan for the Euro debt crisis finalised in a week.
The New Zealand services sector grew more slowly than expected in September.
The dollar/yen was flat on Monday morning,while the euro/dollar fell.
At the Canton Fair in China,the world's largest trade expo,exporters pleaded for the U.S. to stop demanding that the Chinese currency,the yuan,appreciate further.It is at the breaking point for exporters now,one vendor remarked.Any further appreciation would mean no more cheap goods for U.S. retailers and a lot less sales for Chinese suppliers.Everyone would be hurt.
South Korean golfer Na Yeon Choi,soon to turn 24,won the Sime Darby LPGA Malaysia in Kuala Lumpur on Sunday.Taiwan's Yani Tseng,22,the world number one in the Rolex rankings,finished second.It was Choi's fifth career victory on the LPGA Tour,and the 100th win by a woman of Korean descent on the Tour,Choi pointed out.
It was 63F in Sydney on Monday under partly cloudy skies.The wind was S at 16 mph,and the humdity was 48%.
BHP Billiton Ltd.(BHP)
Sunday, May 1, 2011
The Ascent of Gold and Oil
Dominic Schnider,head of commodities research at UBS Wealth Management,explains that gold strength is driven by dollar weakness.I haven't seen any real signal of an attractive real interest rate.Precious metals will look really quite compelling.
UBS has a 12-month forecast for gold of 1650.00 an ounce.Gold is the right choice for investors.Silver will end in a bloodbath.
We're looking at probably 120.00 a barrel for West Texas Intermediate crude.To lower the price,we need to see less growth in demand given the structural supply problems that we have now.Oil at 120.00 is easily in the cards.We need to see deceleration of demand growth,Mr.Schnider emphasized.
Both oil and gold rose in Monday morning trading despite the death of Osama bin Laden.
Australian mining titan BHP Billiton Limited gives broad exposure to natural resource extraction.Kinross Gold,a Canadian miner,is currently considered one of the best values in the industry.
Union Bank of Switzerland(UBS),BHP Billiton Limited(BHP),Kinross Gold(KGC)
UBS has a 12-month forecast for gold of 1650.00 an ounce.Gold is the right choice for investors.Silver will end in a bloodbath.
We're looking at probably 120.00 a barrel for West Texas Intermediate crude.To lower the price,we need to see less growth in demand given the structural supply problems that we have now.Oil at 120.00 is easily in the cards.We need to see deceleration of demand growth,Mr.Schnider emphasized.
Both oil and gold rose in Monday morning trading despite the death of Osama bin Laden.
Australian mining titan BHP Billiton Limited gives broad exposure to natural resource extraction.Kinross Gold,a Canadian miner,is currently considered one of the best values in the industry.
Union Bank of Switzerland(UBS),BHP Billiton Limited(BHP),Kinross Gold(KGC)
Sunday, April 10, 2011
Asia This Day
Today,Monday,marks the one month anniversary of the Japan earthquake.Toyota Motor plants there have been closed since then,plagued by parts shortages.The company hopes to reopen all 18 plants by next Monday.
Japanese automaker stocks were down about 2% in early Monday trading,pressured by a Citigroup downgrade of them on lost earnings due to the quake.The broadly based Topix index was down 0.14 on this concern,and the Nikkei 225 was off 0.48.Chinese and Australia/New Zealand markets opened higher.
BHP Billiton is reportedly interested in acquiring Woodside Petroleum for around 50 billion dollars,with an initial purchase of 24 billion.Woodside has liquified natural gas assets on Australia's North West Shelf.
In Chinese energy news,Fu Chengyu is moving from energy majors CNOOC to Sinopec.At CNOOC,Mr.Fu oversaw considerable growth.He has much experience in oil and gas exploration,which is a deficiency at Sinopec,as well as in mergers and acquisitions.
Hong Kong awoke to clear conditions and temperatures in the upper 70s F.
CNOOC Ltd.(CEO),Sinopec(SHI),BHP Billiton Ltd.(BHP)
Japanese automaker stocks were down about 2% in early Monday trading,pressured by a Citigroup downgrade of them on lost earnings due to the quake.The broadly based Topix index was down 0.14 on this concern,and the Nikkei 225 was off 0.48.Chinese and Australia/New Zealand markets opened higher.
BHP Billiton is reportedly interested in acquiring Woodside Petroleum for around 50 billion dollars,with an initial purchase of 24 billion.Woodside has liquified natural gas assets on Australia's North West Shelf.
In Chinese energy news,Fu Chengyu is moving from energy majors CNOOC to Sinopec.At CNOOC,Mr.Fu oversaw considerable growth.He has much experience in oil and gas exploration,which is a deficiency at Sinopec,as well as in mergers and acquisitions.
Hong Kong awoke to clear conditions and temperatures in the upper 70s F.
CNOOC Ltd.(CEO),Sinopec(SHI),BHP Billiton Ltd.(BHP)
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