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If you’re a Canadian investor or you follow the commodities market, you’ve heard of BHP Billiton’s hostile takeover proposal for Saskatchewan’s Potash Corporation of Canada (TSX: POT) last week.
BHP Billiton proposed a buyout of Potash at a price of just $130/share. A price significantly lower than the June 2008 highs above $200/share that we saw [...]
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The biggest Australian banks are wholly-owned Australian companies and all pay dividends. Known as the “Big Four” – (compare that with Canada’s “Big Five” or as some say, “Big Six“) – these Australian banks by no means represent all of the Australian banking sector, but they are the ones with the largest presence.
See the list [...]
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The Bank of England surprised all economic estimates today when it revealed that the UK GDP continued to contract in the third quarter. Most analysts were expecting modest growth, and the Bank of England itself had been jawboning the notion that there would be growth. Instead, GDP contracted by 0.4%, which raises questions about other [...]
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Australia just became the first major central bank to raise its interest rate (today, October 6, 2009) since the beginning of the financial crisis of 2008-2009. From 3.00%, it raised rates 25 basis points to 3.25%. So what? What does this mean, you might be asking?
Below I’ll take a look at some of the effects [...]
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Colonial First State is the latest wealth management company to freeze funds down under: previously Perpetual, AXA, and Australian Unity did last week. Read the coverage here.
Could this happen in the US and/or Canada? You bet. Why not? Getting pretty scary. Nothing like someone preventing you from taking your money before it falls to zero.
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