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iron ore


News from 25th of July 2011

German Banks support Greece with 1bn Euro

21% debt waiver for Southern European country. Support was voluntary.

 

Iron ore is the new black gold

High prices not before 2014. High demands result in a world wide shortness.

 

China orders Rail-Safety-Probe

Two month inspection after heavy accident with 38 victims. Officials fired.

 

US taxpayers loss 1.3bn$ in exiting Chrysler

US government sold remaining 6% in stocks to Italian car manufacturer Fiat. Italy now holds plus 53% in shares.

 

Asian stocks fall on US debt deadlock

US political leaders failed to get agreement. Deadline to bancrupty near.