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China

Day traders? Taxi drivers? Iron ore making little sense

Helping to nudge the iron ore price higher was a new round of speculation China will close more of its heavily polluting ...

Day traders in China? Taxi drivers in Dalian? Take your pick, but either way the sustained surge in the iron ore price has caught the smart money by surprise while giving a second wind to a group of second tier iron ore miners which have been struggling with busted balance sheets and bloated costs to stay afloat.

Global turmoil, China concerns have Rio worried

Rio Tinto hard hats

In a thinly reference to the new US president, Anglo-Australian miner Rio Tinto has warned of rising geo-political risk while also stating it expects China to continue to provide economic stimulus for much of the year ahead.

Economists believe commodity run is probably done

China's role in giving a boost to commodity prices is clear enough, but is it enough?

It is rare to find much unanimity among economists, but one of the few things they agree on is that the trough in commodity prices of 2016 will not be repeated. The question for now is how far will prices retreat, especially following the March quarter, which often marks a cyclical high.

Missing billionaire 'awkward' for Hong Kong

Chinese-born Canadian citizen Xiao Jianhua was reportedly abducted by Chinese police from the Hong Kong Four Seasons ...

The uncertain fate of Xiao Jianhua, a China-born billionaire who was last seen at a luxury Hong Kong hotel a week ago, has raised fresh fears about the city's autonomy amid media reports he may have been abducted by Chinese agents.

Resource spending downturn yet to bottom

The gas pipeline for Inpex's Ichthys LNG project. Deloitte says completion of the Gorgon, Prelude and Ichthys projects ...

The collapse in resource sector investment has yet to run its course, with the looming completion of as much as $100 million of spending on gas export projects to slash the level of engineering construction to the lowest level since 2009, a report by Deloitte Access Economics has found.

'China's Warren Buffett' jailed, $2.3b fined dished out

The only known photograph of  Xu Xiang.

China sentenced former hedge fund manager Xu Xiang to five-and-a-half years imprisonment for market manipulation, in one of the most high-profile cases following the 2015 market rout,??a court in the eastern city of Qingdao said in its official Weibo account.

'This doesn't add up' - Bellamy's fight heats up

he board, led by chairman Rob Woolley, unanimously recommended that shareholders vote against all resolutions proposed ...

Directors of troubled infant milk formula group Bellamy's Australia are ramping up their campaign against dissident shareholders after unmasking original backer Jan Cameron as standing behind a key block of shares in the company.

Bellamy's Black Prince revealed

Original Bellamy's backer Jan Cameron has been unmasked as indirectly controlling its largest shareholder the Black ...

Jan Cameron, co-founder of Kathmandu retail chain, has been unmasked as the power behind the largest shareholder in troubled infant milk formula group Bellamy's Australia,

Rio recoups lost ground in iron ore output

Sales of iron ore in the quarter exceeded production by 2.2 million tonnes.

Stronger December output of iron ore in the December quarter enabled Rio Tinto to recoup some of the lost momentum in the division which had led it to trim full year production estimates in October.

China finally invents a ballpoint pen of its own

Chinese manufacturers make around 40 billion pens a year.

It was a years-long effort that cost millions of dollars and required the leadership of a state-run corporate colossus. It was front-page news, widely discussed on talk shows and celebrated on social media.

Bellamy's board to push to unmask the Black Prince

Dissident investors have been jousting with the board for weeks.

The board of troubled infant milk formula group Bellamy's Australia is to pursue legal action in a bid to unmask the identity of the owner of a key block of capital in the company as it seeks to pushback against efforts to take board control of the company.

Bellamy's rebels call on chairman to go

For Rob Woolley, the Tasmania-based chairman of Bellamy's, his holidays were spent flying between Launceston and ...

Shares in troubled infant milk formula group Bellamy's fell for a third straight day Friday with investor sentiment soured by the difficulties seen in reviving its fortunes.

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