Tropical Cyclone Heidi slammed into northwestern Australia as a Category 2 storm early Thursday morning, dousing the region with torrential rain as residents remained on "red alert" over reports of strong winds and flooding, officials said.
It's not as bad as it could have been for Asia-Pacific markets following Wednesday's 4% falls on the U.S. indices.
The latest sponsor announced for the London 2012 Olympic Games is the mining group Rio Tinto, which will provide the metal for all 4,700 medals, organizers announced Wednesday.
Know your MLS -- Five things we learned from the opening legs of the MLS playoff series:
International mining company Rio Tinto says it will invest $3.1 billion to significantly increase iron ore production in Australia.
HOUSTON -- The smaller-market Kansas City Wizards found a way to sneak a little influence into this week's MLS All-Star game after all.
This period of late July and early August is hardly the sweet spot for MLS. Everyone is still a little hangdog about the World Cup being over. And if there's some bounce to be found, most of it goes to the wealthy foreign sides now barnstorming the United States amid much pomp.
A Chinese court has upheld the conviction of three former Rio Tinto employees on bribery and stealing commercial secrets charges, state media said Monday.
Will cases like Google and Rio Tinto prompt foreign companies to reconsider doing business with China?
CNN's Richard Quest talks with the head of Transparency International on global corruption.
While the outcome of the Rio Tinto bribes-for-secrets trial in Shanghai was not in doubt, the lessons from the fiasco for businesses operating in China amount to a loud wake-up call that no company can afford to ignore.
A Shanghai court has sentenced an Australian mining executive to 10 years for bribery and stealing commercial secrets in the Rio Tinto case.
U.S. stocks were poised for a higher open Monday as investors remained bullish about the economic recovery ahead of the government's main jobs report later this week.
An Australian executive of one of the world's largest mining companies will learn his fate Monday afternoon when a Shanghai court determines whether he is guilty of bribery and stealing commercial secrets.
The Shanghai court trying an Australian Rio Tinto executive on charges of bribery and theft of commercial secrets will deliver its verdict on Monday.
The trial of four Rio Tinto employees charged with bribery and stealing commercial secrets ended in Shanghai Wednesday, but it was unclear when a verdict would be reached.
A Chinese court trying four employees of mining giant Rio Tinto concluded its hearing on the bribery charges against them Tuesday and began to consider evidence of their alleged theft of commercial secrets.
An attorney for one of four employees of mining giant Rio Tinto, on trial in Shanghai, China on charges including bribery and stealing commercial secrets, said his client admits to taking money but said it was a gift or a loan, not a bribe.
The Australian government has asked the Chinese government to treat the bribery case against four Rio Tinto employees "transparently and expeditiously."
A bribery case that has raised concerns among international investors in China has been turned over to prosecutors, who will now decide whether to take it to trial, Australian officials said Monday.
Four employees of mining giant Rio Tinto officially charged. CNN's John Vause explains.
The arrest last month of four Shanghai-based Rio Tinto executives has raised fears of a crackdown by Beijing on foreign companies that would have been unthinkable a few years ago.
After officials in Beijing last month arrested four Rio Tinto executives for allegedly stealing secrets from Chinese steel companies, China took a brutal public relations beating internationally.
A depressed aluminum market dragged down first-half earnings at Rio Tinto, the global mining company, which paid no interim dividend in order to husband cash and cope with $39 billion in net debt.
China and Australia have signed an energy deal worth more than $40 billion -- the largest trade deal ever between the two nations.
Four employees of mining giant Rio Tinto have been formally arrested on charges of trade secrets infringement and bribery, China's state-run media reported Tuesday.
China has leveled new allegations in the arrest of employees of one of the world's largest mining companies, saying Rio Tinto overcharged Chinese steel mills by $100 billion over six years.
Mining giant Rio Tinto has commented for the first time on bribery allegations in China against its employees, saying the claims are "wholly without foundation."
The United States on Wednesday called for more transparency from China on the arrests of four mining employees, including an Australian national, on charges of stealing state secrets.
A top Australian government official met with Chinese authorities Saturday to discuss the arrest on spy charges of an Australian mining executive.
Australia reacts to the arrest of mining executive Stern Who. AuBC's Gregg Jennett reports
Australia and China are in a showdown over spying that is testing both countries.
China has "conclusive evidence" that four employees of the world's second-largest mining company were stealing Chinese state secrets, the country's foreign ministry said.
Four employees of the world's second-largest mining company were arrested in China on suspicion of espionage and stealing state secrets, after having been detained days earlier, state-run media said Thursday.
An Australian employee of Rio Tinto, the world's second-largest mining company, is being held in China on suspicion of espionage and stealing state secrets, the Australian foreign minister said Wednesday.
The Australian government and Rio Tinto, the world's second largest mining company, are investigating why four of the firm's employees have been detained by Chinese police in Shanghai.
CNN's John Vause reports China isn't the only country unhappy with the canceled deal between Rio Tinto and Chinalco.
A deal between mining giant Rio Tinto and Chinalco, a state-owned Chinese aluminum company, was called off after it became a hot-button issue in Australian politics.
Global mining giant Rio Tinto announced Thursday that China's state-owned aluminum producer Chinalco would invest $19.5 billion in the Anglo-Australian resource giant.
CNN's Richard Quest talks to Rio Tinto's Tom Albanese about China's investment of 20 million into his company.
The world's largest mining company on Wednesday reported a sharp drop in profits, just two weeks after announcing thousands of job cuts.
British-based mining giant Rio Tinto announced plans to cut 14,000 jobs on Wednesday, just weeks after a planned buyout by rival BHP Billiton collapsed.
Tools dating back at least 35,000 years have been unearthed in a rock shelter in Australia's remote northwest, making it one of the oldest archaeological finds in that part of the country, archaeologists said Monday
Rio Tinto board rejects takeover bid from rival BHP Billiton. CNN's Mallika Kapur reports.
CNNMoney: Stocks edge upupdated: Fri Feb 01 2008 09:35:00
Stocks opened just a little higher Friday as investors tried to make sense of three major news stories: a drop in employment, Microsoft's bid for Yahoo and Exxon Mobil's record profit.
U.S. stock futures pared earlier gains Friday after the government announced a surprise decline in employment and payrolls.
Rio Tinto PLC, the British mining giant, is considering a counterbid in response to a $131.57 billion takeover bid from rival Australian mining company BHP Billiton PLC, according to a report Friday in The Wall Street Journal.
CNN's Eunice Yoon looks into rumors that China may bid for British-Australian mining giant Rio Tinto.
Global miner Rio Tinto Ltd. said on Monday it has received U.S. antitrust clearance for its $38.1 billion acquisition of Canadian aluminum maker Alcan Inc.
Both the Dow industrials and the S&P 500 continued their campaign into record territory Friday, reaching all-time highs for the second straight session, despite some mixed economic news and higher oil prices.
Aluminum producer Alcan has begun negotiating toward a merger agreement with Rio Tinto to fend off a hostile bid from U.S. rival Alcoa, a Canadian newspaper said Wednesday.
CNNMoney: Pre-Fed profit takingupdated: Wed May 09 2007 05:27:00
Investors can mull a rash of earnings and merger news as they await clues from the Federal Reserve about the central bank's thinking on the economy and future interest rate moves.
Consolidation is brewing in the aluminum industry - giving investors reason to keep a close watch on stocks in the sector.
Americans may drink French wines, drive German cars, and wear Italian suits, but when it comes to buying shares, they prefer to stay close to home. Which is too bad for those who want to keep buyin...
Europe's economies may be growing slowly, but its markets are heading for a fourth year of double-digit increases. We found six promising stocks. By Nelson D. Schwartz, Fortune senior writer
Uranium has always been a hot commodity - literally. But in the past year the cost of the raw material inside nuclear reactors - and atomic bombs - has jumped nearly 100%.
The Department of Energy is set to announce a nearly $1 billion coal-fired power plant that would remove many of the pollutants associated with coal and turn some of them into useable industrial products, according to a published report.
Asian markets generally rose Monday as two of the largest exchanges, Tokyo's Nikkei 225 and Hong Kong's Hang Seng, were closed for holidays.
Hot on the heels of Brazilian rival CVRD, Anglo-Australian mining giant Rio Tinto has secured the same massive price hike from Japanese steel mills.
Iron ore miners across the globe are rubbing their hands, after Brazilian mining company CVRD secured a record price rise of 71.5 percent for the iron ore it sells to Japanese steel companies.
Australia's share market closed at a record high Thursday, headlining an otherwise quiet day in Asia.
Asian stocks closed mixed on Wednesday after the U.S. Federal Reserve kept interest rates on hold and markets reacted to the Athens bombing.
Asian stocks are mixed at midday Wednesday as markets react to the U.S. Federal Reserve keeping interest rates on hold.
Asian stocks finished on a conservative note after a week dominated by concerns over the weakening dollar and its impact on the region's key exporters.
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|