Seeking Alpha

As good a proxy for the China capital spending bubble as anything can be, Australian miner...

As good a proxy for the China capital spending bubble as anything can be, Australian miner Fortescue falls another 13.9% in Sydney as it asks its creditors to waive debt covenants if iron ore prices remain under pressure. Less than a month ago, management was bragging about the continuing mining boom, now the company has shelved expansion plans, and a dilutive capital raise seems likely.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs