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Posts Tagged ‘ AIO ’

Balance Sheet Bailout Begins

Nov 12th, 2008 | By Dan Denning | Category: Financial News

Not much. The world keeps turning. And the world economy keeps falling apart. Here in Australia, shares of port and rail outfit Asciano (AIO) fell off the table after a Citigroup analyst changed his valuation of the company and moved it from “buy” to “sell.” Asciano is down 93% from its all time high and was down nearly 60% yesterday before going into a trading halt.

Tags: AIO, BHP, Citigroup, Dan Denning, FMG, global credit crisis, Gm, RIO, US bailout, US debt, World Economy
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