Australian Iron Ore Exports To China Hit Six Month Low

Australian Iron ore exports to China from the world’s largest export terminal, Port Hedland fell to six-month low in January. Exports were affected by Cyclone Joyce, China bottlenecks and year end.  Port Hedland Terminal Source: Shipping News Iron ore shipments to China in January from the Port Hedland terminal fell 11.3 percent from a month ago to 34.7 million tonnes, their lowest since July, port data released showed. However whilst that is significantly lower than the 39.1 million tonnes in … Continue reading “Australian Iron Ore Exports To China Hit Six Month Low”

Goldman Sachs Currency, Fixed Income & Commodities Trading Earnings Sink Further

Goldman Sachs America’s largest investment bank reported better than expected fourth quarter earnings before the bell  Wednesday. $GS saw a 50% jump in investment income but trading revenue conttinues to sink.