Tuesday, November 22, 2011

No joint venture BHP and Rio Tinto bow to authorities

Rio Tinto and BHP Billiton have called off their multi-billion dollar
joint venture. The Australian mining giant bow to pressure from the
competition watchdog. For a month-long fight can end. Steel producers
are pleased, however.
BHP and Rio Tinto can not work as desired.
Source: dpa
HB MELBOURNE. The iron ore producers BHP Billiton and Rio Tinto have
failed in their plan for a 116 billion dollar joint venture, the
resistance of the regulator. Both companies said the first time in
mid-2009 announced plans for a joint iron ore production in Western
Australia from Monday. Competition authorities of some countries have
recently announced opposition, including the EU Commission and the
Bundeskartellamt. "I am disappointed that the regulators were not
ultimately in our opinion," said Rio Tinto chief Tom Albanese.
This would encourage competition, the alliance, he said. The major
steel companies, however, welcomed the cancellation. Most of the
companies had feared rising prices for key commodities of iron ore in
the steel industry.

Tuesday, September 6, 2011

Cheap building loan: Borrowers will benefit from the crisis fear

Home »Real Estate, Business + economy
Registered on 26 August 2011 - 10:25 No Comment

Builders and owners benefit from the mortgage loans with expiring recession fears in the markets. The mortgage interest rates are again after a recent recovery decreased significantly. Reason is the flight of many investors into safe investments like government bonds and mortgage bonds. This drives up solar geyser prices and forces analogous to the interest. Due to the strong competition in the mortgage market, banks must pass on the favorable refinancing terms to their customers.
15 years fixed interest rate costs less than 4 percent

The interest rate index of FMH independent financial advice for building loans has a five-year fixed interest rate of an average of 2.97 percent. Six months ago the index stood at 3.54 percent. Mortgage loans are fixed-rate period of ten years, according to the FMH available for an average of 3.48 per cent to 4.05 percent six months ago. 15 years fixed interest rate today cost 3.98 percent, 55 basis points less than they were six months ago. Consultants and brokers to keep their customers happy in those days before the image of the "historic opportunity" eyes. Mortgages but could be even cheaper.
The deep crisis has not been reached