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China’s party men concerned as anti-corruption campaign claims scalps


Xi Jinping’s anti-corruption campaign is opaque, utterly devoid of due process — and hurting big business. When Rio Tinto chief executive Sam Walsh, then head of the company’s iron ore division, inked two high-profile deals with Chinalco…

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In the Year of the Goat, we must bell the Chinese cat


Despite the optimistic posturing of Australia’s Reserve Bank governor Glenn Stevens, China’s economy is in trouble, and it’s time for Australia to readjust its policies to recognise the looming downturn. Australians, led by Treasurer Joe…

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Hepatitis A scandal leaves China FTA up shit creek


Australian businesses, media and government are slowly coming to the realisation that China’s booming economy is not going to be the answer to economic woes Down Under. The Chinese government this week sounded yet another…

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China loses grip on Indian Ocean as economy continues to sink


Within the high walls of Zhongnanhai, the sprawling Chinese Communist Party leadership compound in central Beijing, there would have been conniptions after Maithripala Sirisena ran over the top of incumbent Mahinda Rajapaksa in last Thursday’s…

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Fortescue under scrutiny as Australian crisis deepens


Debt laden Fortescue Metals Group, the world’s fourth largest iron ore miner by production volume, is coming under growing market scrutiny amid slowing economic growth in China, the biggest importer of the commodity. Iron ore…

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Vale’s maxiships to hit China – bad news for FMG


As the iron ore price continues to hover just above US$60 per tonne close to a six year low, there is more bad news looming for Australian iron ore producers. China is preparing to finally allow the…

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When Henry met Rio


American statesman Henry Kissinger pocketed close to US$5 million ($6.4 million) for guiding mining giant Rio Tinto to wash its hands of its jailed China chief, Australian citizen Stern Hu, and build relations with Bejing….

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Fortescue’s future uncertain after Twiggy’s failed debt financing


Fortescue Metals Group’s share price is down again — and there is no relief in sight. The sheer ineptitude of Fortescue Metals Group — ably advised by Swiss investment bank Credit Suisse, it’s well worth noting — failing not once, but…

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Twiggy’s ‘cartel’ won’t turn Fortescue around — not for all the steel in China


A combination of inaccurate economic forecasting, a demand-side slump, and erratic behaviour from its chairman, Andrew “Twiggy” Forrest, has left iron ore miner Fortescue Metals Group in dire straits. Andrew Forrest and his company Fortescue…

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Is it time for Twiggy to play his Chinese joker?


The price of iron ore is still falling, with Fortescue Metals Group facing total wipeout. But there may be a way to save the company — look to the East … Down and down and down it…

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