The sum of the parts will trade higher.

Some of the Asian currencies are following the yen. As the yen goes stronger, then there's some trade influences on those economies.

We think there are a number of specialist infrastructure funds being set up.

The trade has taken off so quickly that it has been difficult for people to take notice and take action. It's quite amazing. You go into the markets in China and you find very few native species, because most of the native species have already been fully exploited.

Our trade contacts indicate Reynolds American has already developed a product and will enter the market with Camel, possibly in conjunction with the Daytona 500 in mid-February.

I see no need for a Royal Commission [on trade unions] which will take minutes and waste years.