Someone needs to go broke in the Australian iron ore industry, says analyst

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.

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7 Things You (Probably) Didn’t Know About Vodka

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 […]

What Is Value? The Costco Value Proposition

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 Shines in IPO

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