Goldman Sachs is out with an in depth look at the latest volatility in the price of precious metals and how it impacts miners in Australia. They note that the volatility has hurt many miners who have already expanded and assumed Gold would be higher than current prices of $1367 an ounce. Below is the full report from Goldman on the impact this volatility has on Australia and its gold miners. As a headline, we can...
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The Australian dollar became hot and noticeable after rumors that George Soros was shorting the currency surfaced earlier this month. George Soros reportedly placed a $1 billion bet on the fall of AUD on May 6th. The bearish position from Soros, who is known for his big bets against currencies is not the only such incident. Stanley Druckenmiller is the other bear of AUD. He recommended the currency as a short idea in the Ira Sohn Conference....
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![National Electricity Market (NEM) Business In Australia [INFOGRAPHIC]](http://thumbnails.visually.netdna-cdn.com/the-national-electricity-market_518b5717c1f17_w587.jpg)
Did you know there’s a National Electricity Market (NEM) that delivers electricity to australian homes and businesses? Australia has one of the largest geographically interconnected power systems in the world. It powers almost 10 million residential and industrial customers around-the-clock in the eastern and southern states. What Is National Electricity Market And How It Works The national Electricity Market infographic by borisbenko. 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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Stanley Druckenmiller was a managing director at George Soros’ Soros Fund Management, where he managed $22 billion for the Quantum Fund. He founded Duquesne Asset Management and ran investments until he closed the firm in 2010. Currently, Druckenmiller manages his family fortune. At the Ira Sohn conference, he reiterated his disagreement with the U.S. Federal Reserve loose monetary policy and its resulting subsidy of asset prices and risk premiums. However, Druckenmiller does not see...
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A helpful infographic for soon-to-be parents. The Importance of Childhood Education infographic from SchoolTutoring Academy takes information about kids with early childhood education and attention and compares them to kids who did not. But it isn’t all bad news for moms, the infographic gives a few tips on how to survive being a stay-at-home mom as well as some positive job information. Then see how the United States matches up with other countries on early childhood...
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With Europe still fighting to put its debt crisis behind it and economic outlook in the U.S. looking uncertain amid still high unemployment and political infighting, many analysts have been looking to China and the rest of Asia to drive the economy forward. Amid growing regional demand for consumer goods and booming real estate markets, these analysts have had plenty of reasons for high hopes. Now, however, with manufacturing data on the decline across...
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What investors expected and what occurred in 2012. The title is typical to see at the end of a year (2012 in this case). However, this new report from Jahanzeb Naseer an analyst at Credit Suisse Asia is extremely interesting The firm polled investors last year which markets they expected to outperform, what were the biggest risks etc. and what happened. Value investors (or contrarian investors) will not be surprised that the outcome was not only wrong but...
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BHP Billiton now has a new CEO, in an announcement which which surprised many observers. The early CEO changeover could keep the momentum at BHP Billiton Limited (NYSE:BHP) (ASX:BHP). According to analysts from BaML, the market has been focused on 3 key issues, which was expected to be addressed: cost out; capital management & management succession. BHP Billiton Limited (NYSE:BHP) (ASX:BHP) has confirmed succession, with the CEO to be replaced internally by an internal low profile (at least with investors for...
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Julian Assange, the editor-in-chief and founder of WikiLeaks filed his official candidacy to run for the Senate in Victoria, Australia in the upcoming federal elections on September 14, according to a report from the Australian publication, The Age. Assange first indicated his intention to run for Senate seat in Australia last year via a twitter message, which reads: “We have discovered that it is possible for Julian Assange to run for the Australian Senate...
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The European Commission has proposed a bill that will mean graphic visual and written warnings will take up 75 percent of the surface of all cigarette packaging, leaving 25 percent for the brand. The bill has been proposed after a hectic two years of discussion marked by heavy industry lobbying and the resignation of an EU health commissioner over cash-for-influence allegations. In a statement that set out the plans, Tonio Borg, Health Commissioner, said: “The...
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Today, a report in the Sydney Morning Herald indicates that Apple Australia has received a bill for $28.5 million in back taxes. This comes just days after executives from major global tech companies, like Amazon and Google, were questioned by U.K. regulators about claims of tax avoidance in European countries. Apple Inc. (NASDAQ:AAPL) gleaned almost $5 billion in revenue last year through its sales of iPhones, iPads and computers in Australia. This latest bill...
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