Monday, January 21, 2008

Brazil's Vale in talks to buy Xstrata in mining mega-deal

Brazil's Vale in talks to buy Xstrata in mining mega-deal
Brazil’s Vale on Monday said it was in talks to buy Anglo-Swiss mining group Xstrata, but warned a deal would be difficult to pull off in current market conditions.



Japanese 105.90 May Be in Play
Commentary: The yen is testing the near term support at 106.33 and the line between a double bottom and further collapse to 105.90 is especially thin....

New Zealand Dollar Consolidation Reigns
Commentary: The Kiwi continues to trace out one of the longest consolidation patterns in the majors as it moves between 790 0-7400 zone. Range traders...