Daily FNArena News

The British prime minister has ordered part nationalisation of the UK banking system.

Don’t expect this to happen again, says the RBA, as it blows economists out of the water with a full one percent rate cut.

The RBA has decided to cut the overnight cash rate by 100 points to 6.00%.

The world’s economies are toppling like dominoes as each responds to its own immediate problems.

Spot iron ore prices are coming under pressure from a combination of weaker demand and higher stockpiles.

The global supply of Chromium, Gold, Manganese, Palladium, Platinum, Vanadium and even Uranium is under threat.

Steel prices have peaked according to Westpac and as a result the bank is cautious on the outlook for iron ore prices.

TD Securities has released its inflation gauge for September.

TD Securities argues that a string of large RBA interest rate cuts ahead is not to be expected.

As Rio investors celebrated a positive ruling from the ACCC, the downturn in expected commodity demand has now moved into the bulk material space.