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Let's go to finance. A new report has found the profits of the world's biggest miners have slumped1 by half since 2011 as the mining boom peaks. Pricewaterhouse Cooper says higher costs, more writedowns and fluctuating commodity prices hit the foutunes of the top 40 mining companies including BHP Billiton and Rio Tinto. It says that's likely to lead to more mine closures and job cuts.
Now Australia's financial regulater says it's holding 350 million dollars' worth of unclaimed money. Last year, the government shortened the time after which money from inactive bank accounts could be seized and they shortened them to just three years. As its deputy chairman has told the senate estimate hearing he can't say how much extra money has been seized because of the change, but says it can be reclaimed2.
Let's go to the markets.
Wall Street lost ground. The fall was triggered by predictions from economists3 that the US Federal Reserve might scale back its stimulus4 program as early as September. In London overnight, the FTSE closed 33 points up.
To commodity prices.
West Texas Crude is trading at 93 US dollars a barrel. Tapis Crude is at 107 US dollars a barrel. And Gold is worth 1399 US dollars an ounce.
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1 slumped | |
大幅度下降,暴跌( slump的过去式和过去分词 ); 沉重或突然地落下[倒下] | |
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2 reclaimed | |
adj.再生的;翻造的;收复的;回收的v.开拓( reclaim的过去式和过去分词 );要求收回;从废料中回收(有用的材料);挽救 | |
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3 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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4 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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5 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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