The gold price rout and the end of the gold rout

Foreign exchange gold prices have slumped on Wednesday after the Reserve Bank of Australia (RBA) said foreign exchange earnings from the country’s gold industry were likely to be the lowest since 2009, as the Federal Government moves to cut tax benefits for overseas investors.The RBA’s latest forecast for foreign exchange gold earnings shows a 0.4 […]

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China to invest $2.5bn in oil and gas exploration, mining in the Pacific Ocean

Chinese companies and state-owned oil companies have agreed to invest an additional $2bn in projects in the Asia-Pacific region, according to a new report from the International Monetary Fund.China is expected to invest around $3bn in the US and $3.5 billion in Japan, with a further $1bn coming from other Asian countries, the report said.The […]

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