Bloomberg reports that Posco is cutting stainless steel production by 25%. It’s doing so doing in response to falling demand…
September 12th, 2008 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "posco"
RBA Leaves Rates Unchanged, Rio Wraps Up Negotiations
The Reserve Bank of Australia isn’t moving rates up yet. The Bank left them at 7.25% after meeting yesterday in Sydney. Later this month it will review CPI data. But for now, the Bank seems satisfied that its rate-hike campaign has slowed demand in the Australian economy.
July 2nd, 2008 | The Daily Reckoning | 0 comments | Continued