Key headlines: FoFa: ASIC won key role to oversee financial advice as the package was passed in parliament. Natural disasters have cost the Asia-Pacific economy more than $330Bn (QLD 30Bn, Yasi $3.6Bn, NZ Earthquake $30Bn) This outbreak of natural disasters sparked a formal review of insurance cover by 71% of companies. Bonds worldwide are generating their biggest loses since 2010 raising concerns that the 4 year bull market is ending for fixed interest. The Senate passed the Mineral Resources Rent Tax.
Theme of the week: The Mining Boom.