Tuesday, 6 December 2011

Financial News

Eurozone AAA nations – The threat of a downgrade will concentrate minds, but perhaps not on the things that matter.

Veolia – The French utility has announced its intention to exit the transport business. Better late than never for the utility’s “big bazooka” turnround plan.

Anglo American – An increased stake in De Beers and a spat with Codelco that could further decrease Anglo’s Chilean copper exposure mark a step change for the London-listed miner. It must take care not to trip over itself.

Australia – RBA notes changed – that is cautious – behaviour by consumers in spite of economic growth. That’s a lesson to all who think Western growth can simply bounce back to trend rates.

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