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BHP / still plans to spend almost 3 billion dollars on a potash project in Canada despite a 30% fall in its profit. Analyst1 Tim Floder says investment is important for the mining giant to exploit China's changing market.
China is going through reinventing itself,in terms of,this have been massive investment particularly fixed2 assessed investment were saying that change overtime3.So fix assessed investment will fall,consumption will increases wealth effect of the / increases in its burging in middle class. That's going to open our new opportunities in different commodities not the traditional iron ore,corp that we've been saying. But things like potash will become the new commodity bases and new growth drive hits BHP's attractive / and willing this to pursue this failure aggressively. Tim Floder
Let's go the market. And the Dow closed slightly lower overnight. The Nasdaq finished 25 points high. The S&P500 was lazy and changed and across the ditch. In London the FTSE lost ground overnight closing a few points off.
To the commodity markets. West Texas crude is trading at 115 US dollars a barrel. Tapis crude is at 117 US a barrel. And gold is worth 1371 US dollars an ounce. The Australian dollar is buying $91 US cents,68 Euro cents,and 58 Pence sterling4.
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1 analyst | |
n.分析家,化验员;心理分析学家 | |
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2 fixed | |
adj.固定的,不变的,准备好的;(计算机)固定的 | |
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3 overtime | |
adj.超时的,加班的;adv.加班地 | |
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4 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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