Tag Archives: ANZ Bank

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

Michael Sainsbury The latest trade figures from China are in — and it’s not good used for our beleaguered Treasurer. As he prepares to release the Mid-Year Economic and Fiscal Outlook, Australian Treasurer Joe Hockey — May budget still not passed — could not have had worse news yesterday. He might, in fact, have felt queasy. China’s latest trade figures laid

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Iron Ore price to tumble below US$90?

Michael Sainsbury The iron ore price hit its lowest mark so far this quarter today (August 13) falling to US$93.20 and appears to be moving down towards the psychological price of US$90 per tonne. For the past month it has averaged about US$95 and has been below US$100 since mid-May, breaching US$90 briefly on June

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Australia, the ASEAN refugee?

Michael Sainsbury Jakarta As the 10 member countries of the Association of Southeast Asian Nations (ASEAN) race toward their goal of a regional economic community by 2015, forging trade and strategic agreements and luring foreign investment along the way, a once-active regional player has quietly slipped from its earlier objectives. Australia’s increasingly mixed fortunes in

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