For those who don’t follow the intricacies of the international iron ore trade, here’s the deal: BHP Billiton, the world’s second largest iron ore supplier recently announced an unsolicited, US$130 billion bid for Rio Tinto, the world’s third largest iron ore supplier (both are Australian). Combined, the two companies would control roughly 40% of the…
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‘No’ Votes for the State Council
A tip of the hat to Ting Shi of South China Morning Post for pulling off the extraordinary and totally unheralded task of reporting leaked votes from Sunday’s polling for State Council [subscriber only]. No small trick. Of course, the vote was not competitive in the typical sense: instead of indicating a preference for whom…