Jan 9, 2012
From The Desk of Nick Nicolaas | Mining Interactive Website: Mawson Resources in-depth and timely Update Report by Mercenary Geologist Mickey Fulp.
January 09, 2012
MAWSON RESOURCES LTD.
TSX - MAW; Frankfurt - MRY (WKN# A0B 8YJ); Pinksheets - MWSNF
MAWSON IN THE NEWSDear Friends:
For the New Year, Mercenary Geologist Mickey Fulp has provided a very timely and in-depth update on his, as well as ours, favorite Scandinavian gold-uranium play, Mawson Resources.
“The Company recently announced its two game-changing events that will reward all Mawson shareholders. “
I am confident all shareholders of Mawson or would be shareholders, will find his Report very much of interest. Although, this Special Mercenary Report is for Mickey’s subscriber eyes only you can access Mickey’s report by obtaining a FREE e-mail subscription at www.MercenaryGeologist.com
Stay Tuned - - there will be much – much more Mawson News to come!!!
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
For more MAWSON information contact
|Mining Interactive Corp.|
| Donna Werbes |
| Nick L. Nicolaas|
Standard & Poor's | Latin AmericaHighlights: Latin American Oil And Gas Keeps A Stable Outlook Overall, Despite Sizable Planned Capital Expenditures
Latin American Oil And Gas Keeps A Stable Outlook Overall, Despite Sizable Planned Capital ExpendituresLatin America has entered an era of relative stability, as our ratings and outlooks show. Similarly, credit quality for the Latin America oil and gas sector will likely remain steady going into 2012.
Reporte Sectorial: Panorama estable de las empresas de productos de consumo con calificaciones más bajas en América Latina podría tambalearseLas empresas de productos de consumo en América Latina han tenido un año estable, incluso a pesar de los niveles persistentemente altos de los costos de los insumos y del debilitamiento de la demanda, aunque todavía positiva, en comparación con las tasas de crecimiento de 2010.
Standard & Poor’s asigna calificación de corto plazo ‘raA-1+’ a la Serie 9 de bonos Tango de la Ciudad de Buenos Aires por hasta US$75 millonesBuenos Aires, 12 de diciembre de 2011.- Standard & Poor's Ratings Services asignó hoy su calificación de corto plazo en escala nacional de 'raA-1+' a la Serie 9 de bonos Tango del Gobierno de la Ciudad de Buenos Aires.
Buenos Aires (Province of) 'B' Global Scale, 'raAA-' National Scale Issuer Credit Ratings Affirmed; Outlook Stays StableThe Province of Buenos Aires continues to cover its sustained high financing needs through a combination of central government financing and access to international capital markets.
Standard & Poor’s asigna calificación a Obligaciones Negociables emitidas por BBVA Banco Francés S.A.Buenos Aires, 22 de diciembre de 2011.- Standard & Poor's Ratings Services colocó las clasificaciones de dos entidades chilenas en Revisión Especial con implicancias negativas.
Rating da Santos Brasil Participações S.A. elevado por melhora na geração de caixa e nas métricas de crédito; Perspectiva estávelEm 21 de dezembro de 2011, a Standard & Poor’s Rating Services elevou, em sua Escala Nacional Brasil, o rating de crédito corporativo de longo prazo atribuído à Santos Brasil Participações S.A. (“Santos Brasil”), de ‘brAA-’ para ‘brAA’.
Ratings da Duke Energy International Geração Paranapanema elevados para ‘BBB-’ na escala global e para ‘brAAA’ na Escala Nacional Brasil; Perspectiva estávelSÃO PAULO (Standard & Poor’s), 19 de dezembro de 2011 – a Standard & Poor’s Ratings Services elevou hoje os ratings atribuídos à empresa brasileira do setor de energia elétrica Duke Energy International Geração Paranapanema S.A.
Ratings da Companhia de Telecomunicações do Brasil Central - CTBC elevados para ‘brAA-’; Perspectiva estávelEm 19 de dezembro de 2011, a Standard & Poor’s Rating Services elevou, em sua Escala Nacional Brasil, os ratings atribuídos à Companhia de Telecomunicações do Brasil Central (“CTBC”), incluindo seu rating de crédito corporativo, de ‘brA+’ para ‘brAA-’.
S&P confirma calificación de 'mxAAA' a la emisión de certificados bursátiles de largo plazo por hasta MXN2,500 millones de Banco de Chile; la perspectiva es estableNuestras calificaciones del Banco de Chile (A/Estable/A-1), reflejan su ‘sólida’ posición de negocio, ‘adecuados’ niveles de capital y utilidades, una posición de riesgo ‘adecuada’, fondeo ‘promedio’, liquidez ‘adecuada’ y una probabilidad moderadamente.
Standard & Poor’s coloca las Clasificaciones de Corpbanca y Corp Group Interhold en Revisión Especial con Implicancias Negativas tras Acordar Adquisición de Banco Santander ColombiaBuenos Aires, 22 de diciembre de 2011.- Standard & Poor's Ratings Services colocó las clasificaciones de dos entidades chilenas en Revisión Especial con implicancias negativas.
Boletín: Clasificaciones de Celulosa Arauco y Constitución S.A. No Se Ven Afectadas Por Incendio en Plantaciones Forestales y Planta de PanelesBUENOS AIRES (Standard & Poor's) 3 de enero de 2012--Standard & Poor's Ratings Services anunció que las clasificaciones de la compañía forestal chilena Celulosa Arauco y Constitución S.A. (ARAUCO; BBB/Estable/--) no se ven afectadas
Standard & Poor’s Asigna Clasificación ‘BBB’ a Bonos por $500 Millones de Celulosa Arauco y Constitución S.A.BUENOS AIRES (Standard & Poor's) 4 de enero de 2012--Standard & Poor's Ratings Services asignó una calificación ‘BBB’ a la emisión de bonos a 10 años de plazo por US$ 500 millones propuesta por Celulosa Arauco y Consitución
Standard & Poor's confirma calificación de 'BBB-' de Ecopetrol, revisa perfil crediticio individual a 'bbb-'; la perspectiva es estableMéxico, D.F., 15 de diciembre de 2011.- Standard & Poor's Ratings Services confirmó su calificación de riesgo crediticio de largo plazo de 'BBB-' y su calificación de deuda senior no garantizada de 'BBB-' de la compañía petrolera ubicada en Colombia.
Standard & Poor's confirma calificaciones de 'BB' y 'B' de Banco Internacional de Costa Rica; la perspectiva es estableMéxico, D.F., 13 de diciembre de 2011.- En línea con lo que habíamos anunciado, Standard & Poor's Ratings Services confirmó sus calificaciones de emisor de largo y corto plazo en escala global de ‘BB’ y ‘B’, respectivamente del banco basado en Panamá.
Oleoducto de Crudos Pesados 'BBB' Rating On $900 Million Senior Debt Affirmed, On Shippers' Willingness, Ability To PayEcuador-based oil pipeline project OCP's creditworthiness relies on the initial shippers' and performance guarantors' willingness and ability to satisfy their contractual payments, which we expect to continue.
Standard & Poor's sube calificación de Banco G&T Continental a 'BB' de 'BB-' tras actualización de criterios; la perspectiva es negativaMéxico, D.F., 13 de diciembre de 2011.- En línea con lo que habíamos anunciado, Standard & Poor’s Ratings Services dijo hoy que subió su calificación de emisor de largo plazo en escala global del banco, basado en Guatemala, Banco G & T Continental S.A.
Standard & Poor's subió su calificación de Banco Industrial a 'BB' de 'BB-'; la perspectiva es negativaMéxico, D.F., 13 de diciembre de 2011.- En línea con lo que habíamos anunciado, Standard & Poor’s Ratings Services subió su calificación de emisor a ‘BB’ de ‘BB-’ del banco basado en Guatemala Banco Industrial S.A.
S&P confirma calificación de 'mxBBB-' del estado de Coahuila y la retira de Revisión Especial con implicaciones negativas; la perspectiva es negativaMéxico, D.F., 4 de enero de 2012.- Standard & Poor's confirmó hoy la calificación de riesgo crediticio de largo plazo en escala nacional –CaVal– de 'mxBBB-' del estado de Coahuila.
Standard & Poor's baja calificaciones de Grupo Posadas por débil flexibilidad financiera, la perspectiva es negativaMéxico, D.F., 27 de diciembre de 2011.- Standard & Poor’s Ratings Services bajó hoy sus calificaciones de riesgo crediticio y de deuda en escala global de largo plazo a ‘CCC+’ de 'B-' y en escala nacional –CaVal– a ‘mxB+’ de 'mxBB-' del operador hotelero.
S&P asigna calificación de 'mxAAA' a la primera, segunda, tercera y cuarta emisiones de certificados bursátiles bancarios de Banco Santander; la perspectiva es estableMéxico, D.F., 13 de diciembre 2011.- Standard & Poor’s asignó hoy sus calificaciones de largo plazo en escala nacional –CaVal– de ‘mxAAA’
S&P asigna calificación de 'mxAAA' a la décima emisión de certificados bursátiles bancarios de Banco Inbursa; la perspectiva es estableMéxico, D.F., 16 de diciembre de 2011.- Standard & Poor’s asignó hoy su calificación de largo plazo en escala nacional –CaVal– de ‘mxAAA’ a la décima emisión de certificados bursátiles bancarios de Banco Inbursa, S.A.
S&P confirma calificación en escala nacional para México de 'mxAAA' a certificados bursátiles de Telefónica Finanzas y revisa perspectiva a negativaLa revisión de la perspectiva sigue a una acción similar tomada por Standard & Poor´s sobre la proveedora de servicios de telecomunicaciones española Telefónica S.A. (BBB+/Negativa/A-2), garante de las emisiones de Telefónica Finanzas.
Corporacion Financiera De Desarrollo S.A. 'BBB/A-3' Ratings Affirmed On Revised Bank Criteria; Outlook StableFollowing our review of COFIDE under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we are affirming our 'BBB' long-term and 'A-3' short-term issuer credit ratings on the bank.
Grupo ACP Inversiones Y Desarrollo Rating Raised To 'BB+' On Mibanco Upgrade Under New Bank Criteria; Outlook StableFollowing our upgrade of Mibanco to 'BBB/A-3' from 'BB+/B' under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we are raising our long-term issuer credit rating on Grupo ACP two notches, to 'BB+' from 'BB-'.
Mibanco Banco De La Microempresa S.A. Ratings Raised To Investment Grade, 'BBB/A-3', On Revised Bank CriteriaFollowing our upgrade of Mibanco to 'BBB/A-3' from 'BB+/B' under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we are raising our long-term issuer credit rating on Grupo ACP two notches, to 'BB+' from 'BB-'.
Corpbanca And Corp Group Interhold Ratings On CreditWatch Negative After Agreement To Acquire Banco Santander ColombiaOn Dec. 6, 2011, Corpbanca announced an agreement with Santander to acquire 95% of Santander's fully owned subsidiary Santander Colombia, while Corpbanca's controlling parent, Interhold, agreed to acquire at least 2.85% of Santander Colombia.
Empresa Generadora de Electricidad Itabo S.A. Outlook Revised To Stable From Negative, 'B-' Credit Rating AffirmedEmpresa Generadora de Electricidad Itabo's key financial ratios improved due to lower liquidity pressures and stronger profitability following the expiration of a fixed-price coal supply contract We revised the outlook on the company to stable from n...
Empresa Generadora de Electricidad Haina Outlook Revised To Positive From Stable, 'B-' Corporate Credit Rating AffirmedWe expect Haina to gradually improve its financial profile as it further diversifies its energy sources and expands its power generating capacity. We are revising the outlook on the company to positive from stable and affirming our 'B-' corporate cre...
Bulletin: Petróleos de Venezuela S.A. Ratings Unaffected By Arbitration Settlement In Favor Of ExxonMobilMEXICO CITY (Standard & Poor's) Jan. 3, 2012--Standard & Poor's Ratings Services said today that there would be no effect on its ratings or outlook on Petróleos de Venezuela S.A.
Stocks and Markets in the News | China Trade Balance: China's December exports rise 13.4% from year earlier, well above forecast
By Michael Kitchen
LOS ANGELES (MarketWatch) -- China's trade surplus yawned wider in December, beating expectations as exports shot higher. December exports rose 13.4% compared to a year earlier, the General Administration of Customs said Tuesday, with the result above a 12.5% median forecast reported in a Dow Jones Newswires survey. Exports had risen 13.8% in November. Imports rose 11.8%, below a forecast 18% and cooling sharply from November's 22.1% increase. This resulted in a $16.52 billion surplus for December, which Dow Jones Newswires said compared to expectations for a $7.8 billion. November's surplus amounted to $14.5 billion.
Smartcompany News and Analysis: Retailers demand help to understand pay, 12 outrageous tech predictions, How Super Retail Group is defying the gloom, Cotton On in new controversy
Today on SmartCompany we look at a report from a recent audit conducted by the Fair Work Ombudsman, which showed more than a quarter of employers weren’t meeting their obligations under the Government’s modern awards. As James Thomson says in Entrepreneur Watch, confusion appears to be rife about how the awards work and more needs to be done to educate the sector.
We also look at Cotton On’s latest controversy and ask whether provocative products work, and explain how Super Retail Group has managed to defy the gloom with some strong results.
We also look at Cotton On’s latest controversy and ask whether provocative products work, and explain how Super Retail Group has managed to defy the gloom with some strong results.
|James Thomson |
The high level of underpayment of retail workers underlines how confused many employers are.
By Satyajit Das
SYDNEY (MarketWatch) — Australia has been one of the world’s best performing economies during the economic crisis, attracting strong investment interest from overseas investors. But the outlook is cloudy.
Australia’s economic performance has been based on a solid banking system and low government debt. But the main drivers have been China’s strong growth and the related commodity boom. Investment in Australian debt and equity securities as well the currency has become a popular way to gain exposure to China and appreciating commodity prices.
Australia has benefited from a substantial increase in demand for and prices for its mineral products. The country is enjoying its best terms of trade (measured as price of exports divided by price of imports, showing the quantity of imports that can be purchased theoretically from the sale of a fixed amount of exports) in 140 years. Australia’s terms of trade have improved by 42% since 2004.
Boom and gloom
The commodity boom has been driven by a sharp increase in demand, supply constraints because of under-investment in mineral production, and associated infrastructure and some unexpected effects of the global financial crisis.
In the 1990s, as a result of persistently low prices, mining companies did not invest sufficiently in expanding production capacity or infrastructure, such as transport, refining or processing capacity. The increase in demand from purchasers, particularly emerging economies, quickly created bottlenecks and shortages. This led to sharply higher prices as well as improved volumes for many commodities.
The global financial crisis also boosted investment in commodities. As traditional investments fared poorly (stocks, interest rates and property prices all fell), investors switched to hard assets, such as commodities. The underlying logic was that these were real assets with genuine underlying uses rather than the fictions created through financial engineering.
Low interest rates also assisted demand and prices as it cost less than before to buy and hold commodities, which paid no return.
As central banks commenced printing money in an effort to restart growth, investment in commodities increased further as investors sought a hedge against the risk of inflation. A former Board member of the Australian central bank, Professor Russell McKibbin, suggested that perhaps as much as 40% of the improvement in Australia’s terms of trade surge was being driven by U.S. and European monetary expansion.
Cracks in China
To reduce the risk of losses on it foreign exchange reserves held in US and European government bonds, currently around $3.2 trillion, China has purchased and stockpiled large amounts of strategic commodities adding to demand.
Economists, who failed to forecast the rise in commodity prices or the global financial crisis, now speak of a “super” boom lasting decades. But this boom is more fragile than currently understood.
As growth in China and other emerging countries decelerates, driven in part by European debt problems, demand for commodities is likely to slow. High prices have encouraged investment in expanding existing mines, building new mines and additional infrastructure as well as exploration. As new capacity and supply comes on stream, there will be pressure on prices.
Commodity projects depend on demand for the product and also on the ability to finance it. Deterioration in money market conditions and also problems in the banking system mean that the availability of funding is becoming more restricted and expensive. If previous commodity booms are a guide, then many of these projects may not eventuate.
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Personal Finance Daily
JANUARY 09, 2012
Time to get ready: Tax season is coming
- 12 tax tips for January
- How to get a mortgage if you're self-employed
- Got money offshore? IRS starts new amnesty program
- How to make your 401(k) work harder
- Why stocks will beat bonds over next 20 years
Plus, read about how the IRS today unveiled its third iteration of the offshore-account amnesty program, and on the investing front, find out why stocks will beat bonds over the next 20 years.
— Andrea Coombes , Personal Finance editor
12 tax tips for January
Tax season is upon us. Get going on these 12 tax to-do's to make sure you're on track to file on time, writes Eva Rosenberg.
Read more: 12 tax tips for January.
Got money offshore? IRS starts new amnesty program
If you've got money stashed in overseas accounts that you've failed to report to the Internal Revenue Service, the tax agency wants to give you another chance to come forward. The IRS said Monday that it's launching a third voluntary disclosure program — and this one has no deadline.
Read more: Got money offshore? IRS starts new amnesty program.
The road ahead for taxes
It is a new year, but taxpayers already are feeling déjà vu. A slew of major tax cuts is set to expire at year's end—as was the case in 2010. Now, as then, Washington faces the choice of letting income, capital-gains, estate and other tax rates rise as scheduled, or coming up with an alternative.
Read more: The road ahead for taxes.
How to make your 401(k) work harder
Chances are you have a 401(k) plan at work. And the chances are you're not making nearly enough of it. A new year means a new leaf: This is as good a time as any to start turning that around.
Read more: How to make your 401(k) work harder.
How to get a mortgage if you're self-employed
It's tougher for just about all mortgage borrowers to get a loan for a home purchase or refinance these days, but many self-employed business owners are really feeling the pinch.
Read more: How to get a mortgage if you're self-employed.
2012 Hyundai Accent SE
Thinking about the Hyundai Accent brought back memories of my first new car, my much-loved '69 Volkswagen Bug with skinny whitewalls and little else. Even heat.
Read more: 2012 Hyundai Accent SE.
How to play the next American oil boom
Energy profits are booming and Big Oil shares look inexpensive. But investors with an appetite for risk might want to drill deeper into the sector to find smaller companies sitting on U.S. oil-shale riches—which make tempting takeover targets, analysts say.
Read more: How to play the next American oil boom.
New tools may help small shareholders topple giants
Goliath hasn't been hit hard yet, but David is getting new slingshots. The unending struggle between the managers who control America's corporations and the investors who own them is about to become more interesting. It might even become a fairer fight.
Read more: New tools may help small shareholders topple giants.
When to give your fund manager the axe
Poor 2011 results from stock-fund managers is enough to convince many fund investors to "Throw the bums out." But that knee-jerk reaction to raw numbers can create problems.
Read more: When to give your fund manager the axe.
Why stocks will beat bonds over the next 20 years
With so much volatility in stocks, many investors have increasingly favored the relative security of bonds and bond mutual funds. That may be a mistake.
Read more: Why stocks will beat bonds over the next 20 years.
Merkel, Sarkozy call for growth in euro zone
German Chancellor Angela Merkel and French President Nicolas Sarkozy vow to press ahead on calls for tougher budget rules in the euro zone, while calling for stronger growth and job creation.
Read more: Merkel, Sarkozy call for growth in euro zone.
French elections could make April a cruel month
The French elections in spring 2012 could provide a particularly inflammable trigger point for Europe.
Read more: French elections could make April a cruel month.
By HARVEY MORRIS
Iran's Revolutionary Court sentenced to death an American of Iranian descent, Amir Mirzaei Hekmati, saying he spied for the C.I.A., the Fars news agency reported.
By JACK EWING
The resignation of Philipp M. Hildebrand over personal currency deals came as a surprise since he appeared to have the support of the council that oversees the Swiss National Bank.
By MICHAEL D. SHEAR
Mitt Romney dismissed intensifying attacks by his Republican rivals on his role at a corporate buyout firm, while his poll numbers in New Hampshire appear to be slipping.
By DAVID E. SANGER
The imminent opening of an enrichment site confronts the United States and its allies with difficult choices about how far to go to limit Iran's nuclear abilities.
By THE ASSOCIATED PRESS
Two car bombs exploded Monday evening in the Iraqi capital, according to authorities, raising already high concerns about an outbreak of a full-scale sectarian conflict.
By RACHEL DONADIO
The Italian prime minister has pledged to introduce measures to revive Italy's long-dormant economy, but is also raising pressure on Europe to shore up the single currency.