Kiwibank’s $6m in troubled Northern Rock

Taxpayer-funded Kiwibank has invested around $6 million in troubled British lender Northern Rock, which was last week bailed out by the Bank of England. Spokesman Bruce Thompson confirmed the government-owned entity holds around $6 million in bonds issued by Northern Rock. Kiwibank was “very confident” its investment was safe, he said. “We’ve got a very […]

CREDIT WRAPUP-Credit fears spread, Australia quashes rumours

By Ian Chua HONG KONG, Sept 18 (Reuters) – Credit fears flared in Asia on Tuesday prompting Australia’s central bank to quash speculation that one or more regional banks had asked for emergency funding, a day after savers rushed to withdraw deposits from a British lender. Japan’s finance minister provided soothing words to investors, saying […]

Rising Energy Costs Could Affect BHP Billiton, Rio Tinto Share Prices

Posted by Dan Denning on May 25th, 2007 Finding the lowest-cost producer is becoming increasingly important in the mining industry. Prices for base metals are high. Some of this comes from supply/demand dynamics. And some is the result of inflation (a deteriorating U.S. dollar.) Either way, the price signals in the resource market are telling […]