Australia is known as the “Lucky Country” for good reason. It is rich in many natural resources and all one has to do dig them up and export. I came across the following fascinating chart on the Australian export mix in the past two centuries. Gold and Wool dominated exports for much of the 1800s. …
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Australia is the world’s largest producer and a major exporter of iron ore. One of the critical components of construction and infrastructure industry steel is made from iron ore. Prices of iron ore have fallen to $90 per ton as of early December due to reduced demand from China. Further price declines are expected. As …
One of the main factors that is important for success with investing in equities is the art of diversification and having patience. Diversification can be achieved in many ways such as spreading over one’s assets over different asset classes, countries, regions, sectors, etc. The benefits of this strategy was widely made popular with the Callan …
The Reserve Bank of Australia has published the updated snapshots of the Australian Economy. The following two are interesting with data as of Feb, 2022. The composition of the economy shows that natural resources account for about 69% of exports and the largest export market is China. The average price of a residential dwelling at …
Continue reading ‘The Composition and Key Indicators of the Australian Economy: Infographic’ »
The ADR of Australian Bank Westpac ADR used to trade on the NYSE under the ticker WBK. Westpac voluntarily delisted its ADRs from the NYSE effective January 31, 2022. Hence the last day WBK traded on the NYSE was Friday, Jan 28, 2022. Below is the delisting announcement from the bank’s site: 10 January 2022 WESTPAC …
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