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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (121672)	7/4/2008 10:00:31 AM
From: Rocket Red	Read Replies (1) \| Respond to of 313808

Chinese agree to iron ore price hikes up to 96.5% Friday, July 04, 2008 SYDNEY, Australia — BHP Billiton Ltd. said Friday that China's Baosteel, negotiating on behalf of the Chinese steel industry, agreed to price hikes of up to 96.5 per cent for iron ore supplies this year. The increase, following protracted negotiations, is in line with an agreement Baosteel made last month with Rio Tinto, another major supplier, and comes as surging global demand for steel has squeezed iron ore supplies and sharply boosted prices. BHP Billiton, the world's largest mining company, said prices will rise 79.9 per cent for iron ore fines and 96.5 per cent for iron ore lump, retroactive to April 1. “At the end of what has been a long process, we believe our relationship with our customers remains as positive and strong as ever,” stated Marcus Randolph, BHP Billiton's chief executive for ferrous metal and coal. Shares in BHP Billiton, which is making a $170-billion (U.S.) hostile takeover bid for Rio Tinto, rose more than 2 per cent on Australian Stock Exchange. Chinese steel mills have banded together to negotiate with iron ore suppliers in recent years in hopes of getting a better deal. But they still have been forced to accept big price increases in each of the past six years. China is the world's biggest producer and consumer of steel. Growth has been driven by a surge in demand from the country's thriving export industries and a construction boom that is remaking dozens of Chinese cities. Rising demand for iron ore has brought a financial windfall for suppliers such as Rio Tinto, BHP Billiton and Brazil's Companhia Vale do Rio Doce SA. All are investing heavily to increase output. Baosteel agreed in February to a 65 per cent price hike with Vale on behalf of Chinese mills. Last month, Baosteel agreed to pay Rio Tinto increases of 78.9 to 96.5 per cent for various grades of iron ore in the 2008 buying year. © Copyright The Globe and Mail -------------------------------------------------------------------------------- Copyright © 2008 CTVglobemedia Publishing Terms of Service \| Privacy Policy \| Legal Policy

To: koan who wrote (121672)	7/4/2008 10:10:23 AM
From: E. Charters	Respond to of 313808

Donald Duck is deep. No Question. I always wondered why if his name was Duck, why was his mother's brother name McDuck? A Duck married a McDuck? I find this most fascinating, Smithers, now release the hounds on that drivelling idiot Koan! We will be rid of him for once and for all! I found it strange there were no doctors in the family. You would think that a quack would fit right in. I have had passing acquaintance with a few Scrooges in my time but mostly ran into Beagle Boys. It seems this business is the place to find them. EC:<-}

To: koan who wrote (121672)	7/5/2008 10:03:40 AM
From: pocotrader	Read Replies (1) \| Respond to of 313808

Scrooge Mcduck was my faverite comic as well, I used to have hundreds of all kinds of comics, some would be rare today, but I read the hell out of them over and over again so most were pretty worn outby the time I outgrew them. I give them credit for making me the avid reader I am today, At one time i would read over 240 novels a year these days I recieve and read two newspapers everyday and another one on Saturdays as well as reading online material. poco