In the last 12 months, shares of the Australian S&P/ASX 300 healthcare index (comprising 22 companies) have risen faster than their counterparts in the industrials and energy sectors. While this is in part caused by the downturn in the commodity markets as the world grapples with the European debt crisis and a slowdown in China, the healthcare group, notoriously a defensive sector, has also shown resilience despite challenging market conditions.
September 25th, 2012 · 2 Comments
The apparent end of the biggest resource boom in a century in Australia, occasionally called China’s commodity quarry, has drawn downbeat forecasts from politicians and analysts, but there are some indications that signal all is not over for the lucky country.
June 11th, 2012 · 2 Comments
Last week was a glittering week for diamonds. As preparations for the Queen’s Diamond Jubilee were underway in London, the Martian Pink, a 12.04 carat diamond, went under the hammer at a record HK$135 million (US$17 million) at a Christie’s Hong Kong jewellery sale.
April 3rd, 2012 · 6 Comments
One of the world’s largest countries, sparsely populated, with extensive minerals in its remote hinterland deserts. Sound like Australia? This is Mongolia. On the cusp of an investment boom, fuelled by Chinese demand for resources and driven by Mongolia’s position just to the north of China’s industrial heartlands. Mongolia’s economy, like Australia’s, has defied the global gloom.