breakingviews.com - 10/15/2008
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Rio Tinto, the mining group, said that demand for commodities in China had slowed in the third quarter. Chief executive Tom Albanese attributed the slowing growth to last year’s tightening of monetary policy, and a temporary halting of projects during the Olympic Games in August. Chinese import ...
ft.com - 10/14/2008
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ft.com —
China’s $200bn sovereign wealth fund, which has made
a series of loss-making investments in Western financial institutions...
since last year, could have as much as $5.4bn frozen in a failed US money market fund account. A subsidiary of China Investment ...
(more)
FT.com / Asia-Pacific / China - US crisis freezes China ...
ft.com - 10/15/2008
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ft.com —
Attention switched back to the health of the
global economy on Wednesday after Rio Tinto, one of...
the world's largest mining companies, warned that because of slowing Chinese growth it would cut capital spending and miss a sales target
(more)
Rio Tinto warns of slowing Chinese growth
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Links: Credit Derivatives, Finger-Pointing, and China
Paul Kedrosky's Infectious Greed —
Some quick links to items of interest: Finger-pointing: It was the derivatives (Portfolio) Data Scraping Wikipedia with Google Spreadsheets (Source) Finger-pointing: It was the regulators' fault (WashPost) China calls post-Olympic time-out on commodity buying (BreakingViews) Citadel CDS spreads widening out (Marketwatch) Commodities go out of fashion for wealthy (Reuters) ...
Readings: Hedge fund outflows, Citadel breached?, Chinese pause
GalaTime —
... Breaking Views: Great leap backwards
China has paused for breath – and knocked the wind out of the commodities boom. Rio Tinto, the Anglo-Australian mining group, warned on Wednesday that the world’s biggest consumer of steel, coal, aluminium, copper and seaborne iron ore had started to show signs of a slowdown.
The Middle Kingdom accounts for more than 40% of the global growth in demand for major commodities.
Given the roughly six-month lag between ...
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