13.06.2012 - Commodity trade: Where's the scrutiny?
Australia came through the 2008 global financial crisis in fine shape and has gone on growing at a good pace in a world where this is unusual, almost unique, for an advanced country. Even as commodity prices weaken, mining investment is running hot and profits are still growing quickly. You might think foreign investors would acknowledge the good performance and that Australia would be a favoured destination for them. But not, apparently, for Glencore, the world's largest commodities brokerage firm, which is about to become the world's fourth biggest minerals company (worth $90 billion) through a merger with Xstrata...............................................Full Article: Source
Print