| 12.12.2008 - Commodities feel the pain |
| From Tvnz.co.nz: We had another stark reminder this week of just how quickly the great commodities boom is coming off with mining giant Rio Tinto announcing it is to slash 14,000 jobs worldwide and will sell billions in assets in a bid to cut back on debt. It's an extraordinary turn around for this massive company which only recently was flying high and the subject of a takeover bid from rival BHP Billiton..... Full Article: Source |