Proactive investors

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

With the deal, the funds will be used to restart development work at Spinifex Ridge in Western Australia.  As the world's first new major molybdenum mine in over 25 years, the timing in terms of the commodity cycle is spot on.

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.