The mining empires of Andrew Forrest and Gina Rinehart are under pressure from a global supply glut and falling demand from China, says one leading analyst
The Australian iron ore industry is poised for a huge shake-up as the global glut worsens and margins continue to tighten.
The nation’s biggest iron ore miners, Rio Tinto and BHP Billiton, are still making money and expanding production, but questions remain about the viability of their heavily indebted rivals Fortescue Metals Group and Gina Rinehart’s Roy Hill project.
Britain’s financial regulator created a false market in shares of life insurers last year, MPs say in a report.
Annual core consumer inflation in Japan, the world’s third-largest economy, stopped rising for the first time in nearly two years in February.
We now know that the co-pilot of Germanwings Flight 9525, Andreas Lubitz, deliberately brought down the aircraft he was entrusted to fly, killing 150 passengers and crew members. Questions are focusing on the co-pilot’s mental state, and whether aviation authorities and airlines take adequate precautions regarding the mental stability of […]
Latest US ally to defy Washington’s opposition to what some see as a rival to the World Bank
1. What the name vodka means The spirit’s name comes from the Slavic word “voda”, which means “water.” Add on the suffix “ka”, and suddenly it’s “little water.” However, once you leave English, things get a bit more interesting. The word for “vodka” in several languages, including Polish, Lithuanian, Ukrainian, involves some variation […]
by Arthur L. Caplan & Lee H. Igel NYU Sports & Society Program Here we go again. Last year, a “religious freedom” bill in Arizona made its way to Governor Jan Brewer’s desk. The bill would have effectively allowed a business owner to deny service to a customer when such activity violated the […]
One of the greatest truths in business came from Red Skelton, a comedian whose wisdom rings true even today. He shared a triangle with the words price, quality, and speed and said pick any two. Price and quality are obvious, but in the age of mobile and the Internet, speed of […]
SolarEdge priced at the high range for its IPO and kept on climbing today. The company, which produces DC optimizers and inverters, raised $126 million its IPO today on NASDAQ. The company sold 7 million share at $18, at the top of its $16 to $18 range, and it rose to […]