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Competing to devalue

BENJAMIN ONG  |  THURSDAY, 23 SEP 2010
Let it rip boys! US equities closed weaker while we were sleeping apparently still reeling from the previous day's FOMC assessment that the US economy remains weak. Ok, let's give it that. But Bloomberg took it a bit farther. "The Fed said yesterday ...

Much ado over more of the same

BENJAMIN ONG  |  WEDNESDAY, 22 SEP 2010
All dressed up and nowhere to go. Yup! Wall Street went nowhere alright. A day before last night's Federal Open Market Committee Meeting (FOMC), Wall Street was all prepped, seemingly ready to take it all, whatever the Fed decides - or more, importantly ...

Recession over, now for the recession

BENJAMIN ONG  |  TUESDAY, 21 SEP 2010
... http://www.financialstandard.com.au/news/view/26309/ ). This also gave credence to claims that the US authorities' massive stimulus programmes worked. Oh yes, it came at a cost, perhaps much too much. But the toll on the economy would have been much ...

Watching the A$ watch the Fed

BENJAMIN ONG  |  MONDAY, 20 SEP 2010
... week, another dollar will be gained or lost. Or perhaps, I should say, another week, another dollar gained, then lost, then... Yes Virginia, such is the financial markets' current collective myopia that while there had been a lot of shakin' goin on after ...

A "race to the bottom" in currencies

JOHN MCDULING  |  FRIDAY, 17 SEP 2010
The world's major central banks are in danger of setting off a mercantilist race to the bottom as they attempt to gain competitiveness through artificial currency debasement, analysts say. After six years of abstinence, the Japanese Ministry of Finance ...

Yen sunk but not for long

BENJAMIN ONG IS FINANCIAL STANDARD'S DAILY COLUMNIST ON THE ECONOMY  |  FRIDAY, 17 SEP 2010

Market Wrap - Midday

AAP  |  THURSDAY, 16 SEP 2010
The Australian share market was marginally weaker at noon, as profit takers drove losses among materials and financial stocks, following a recent positive run. At 1201 AEST, the benchmark S&P/ASX200 index was down 22 points, or 0.47 per cent, at 4,639.5 ...

BHP anticipates global carbon price

ELISE BURGESS  |  THURSDAY, 16 SEP 2010
Marius Kloppers, chief executive officer of BHP Billiton, discussed at a key industry event yesterday the impending impact of a global carbon price being set and what effect this will have on companies such as BHP Billiton. "Economies like ours, with ...

NAB exits AXA AP bidding war

RUTH LIEW  |  WEDNESDAY, 15 SEP 2010
National Australia Bank has dropped its bid to buy AXA Asia Pacific, paving the way for other parties to acquire AXA AP's Australian and New Zealand assets. According to an Australian Securities Exchange statement released late yesterday, NAB terminated ...

Fortune cookie

BENJAMIN ONG  |  WEDNESDAY, 15 SEP 2010
... per cent when automobiles are excluded. Both are better expectations. This is good. But what if you fancy a negative spin? Yes, you can have that too! The details of the report showed the increased spending was mainly on essentials (and higher petrol ...