Australian Federal Treasurer Wayne Swann has approved the sale of 11% of Rio Tinto (ASX:RIO) to Chinalco. The Daily Reckoning’s Dan Denning says this is just more evidence of foreign interest in Australia’s mineral deposits.

Faced with this reality, Dan says the government needs to decide whether Australia is for sale or not.

One thing for certain, as emerging giants like China and India increase their per capita income, the chase for global resources will become more intense. And Australia will be in the thick of the action…

Editor’s Note: Australia is well positioned to ride the commodity boom, says Dan Denning in The Daily Reckoning Australia. That is unless the government interferes too much…

Riding a bicycle in Melbourne’s autumn is like playing with fire, reader. The weather changes a lot quicker than we can ride.

Gold and oil both traded down about 2.5% overnight in New York. The Fed is meeting in Washington, D.C. We’ll know soon what, if anything, it plans to do. But does it really matter?

There are lots of reasons why a small company share can go up in price quickly. Usually it’s an innovative new product, a new market, or, in some cases, a sudden change in the market value of a good, product, or service.

“Who is the predator and who is the prey? That is what we wonder today.”

“Is China preying on BHP Billiton (ASX: BHP)? Or is BHP preying on Rio? Who are the barracudas and who are the minnows?” asks Dan Denning of the Daily Reckoning Australia.

Steel prices are up by about 10% this year already.

The U.S. buyout market is about to enter a new phase, as corporate takeovers pick up where private-equity firms left off last fall. The deal-making market is a key to the health of the U.S. stock market.