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Rio Tinto says its iron ore expansion plans are on track. The company has exceeded its expectations with a record annual production rate of 253 million tons. It's set an ambitious target to churn out 360 million tons a year in the Pilbara. Iron ore prices have rebounded1 to above 140 dollars a ton after plunging2 to 80 dollars a ton last year.
Europe's biggest economy has had a sharp slowdown. The lastest quarterly figures for Germany show a growth rate of just 0.7 per cent. Germany has so far avoided Europe's economic crisis, but some analysts3 now fear the German economy will fall into recession.
The Crazy John's mobile phone dealership4 brand is expected to disappear next month. Vodafone Australia has confirmed its plans to dump the brand from its group and rebrand the stores under its own name. Vodafone hasn't said how many staff could be affected5.
Let's take a quick look at the markets now.
The Dow's gained 23 points. The Nasdaq fell 9 points. The S&P 500 edged up slightly. And London's FSTE closed 9 points higher overnight.
To commodity price.
West Texas Crude is 93 US dollars a barrel. Tapis Crude is at 117 US dollars a barrel. And gold is worth 1679 US dollars an ounce.
点击收听单词发音
1 rebounded | |
弹回( rebound的过去式和过去分词 ); 反弹; 产生反作用; 未能奏效 | |
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2 plunging | |
adj.跳进的,突进的v.颠簸( plunge的现在分词 );暴跌;骤降;突降 | |
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3 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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4 dealership | |
n.商品特许经销处 | |
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5 affected | |
adj.不自然的,假装的 | |
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6 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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