In a move that caught more than one investor by surprise, Australia’s Reserve Bank (RBA) announced Tuesday it was cutting its interest rate, prompted by worries of a sluggish mining industry, falling commodity prices and concerns over China.
A subsidiary of Beijing Haohua Energy Resource has offered Coal of Africa $100 million in equity funding following Exxaro's decision to refrain from exercising options for a stake in the South African miner's Makhado coal project.
Gold prices are set to a receive a major boost from their adoption by banks are a core asset if the world's leading banking regulatory authority opts to raise their asset status.
An energy analyst has concluded that the key factor causing the world's economic woes is ”high-priced fuel syndrome“ which induces sluggish growth and range of other ailments.