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World Steel Association Furious Over BHP Billiton (ASE:BHP) and Rio Tinto (TSE:RIO) and Vale SA Contract Changes
The World Steel Association is up in arms about the changes in the way iron ore contracts by leading companies BHP Billiton (ASE:BHP) and Rio Tinto (TSE:RIO) and Vale SA, as they've changes from an annual to a quarterly time-frame. Representing about 180 coun...
Commodities (Apr 2nd, 10)
BHP Billiton (NYSE: BHP) in Coking Coal Price Agreement with Japanese
BHP Billiton (NYSE: BHP) has what is being called a major breakthrough in its bid to change the way coking coal prices are set on an annual basis. The big change has come in a quarterly contract agreement with the Japanese where they have agreed to pay a prem...
Commodity Markets (Mar 6th, 10)
Australia Central Bank Increases Key Interest Rate to 4 Percent
Thinking their economy is strong enough to weather an interest rate increase, the central bank of Australia increased interest rates to four percent. Some concerns over the raising of interest rates at this time include the sovereign-debt risk from European c...
Australia (Mar 2nd, 10)