The F-22 and the dilemma of the two-legged stool 7.22.09 Ran into a major DC budget analyst on the street today, who said to me,…
Posts Tagged ‘Iron’
Gordon Adams: The F-22 and the Iron Triangle: A two-legged stool cannot stand
July 22nd, 2009 |
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Gwyneth Paltrow “Iron Man 2″ Poster Snub
July 20th, 2009 |
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Gwyneth Paltrow is brushing off reports that she was left fuming after movie producers replaced her with Scarlett Johansson on posters for their upcoming superhero sequel Iron Man 2.
Mickey Rourke and Johansson, both newcomers to the franchise, are featured standing next to series star Robert Downey Jr. in publicity shots released last week, Gwyneth, [...]
Rio Tinto ‘concerned’ about staff
July 17th, 2009 |
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Rio Tinto has said it is "very concerned" about its four employees detained in Shanghai amid accusations of bribery and spying.
The company said the allegations are "wholly without foundation".
Stern Hu, an Australian, and three of the firm’s other employees were detained in China last week.
The detentions come amid negotiations about iron ore prices between Australia and China and has cast a shadow on relations between the two countries.
"Rio Tinto believes that the allegations in recent media reports that employees were involved in bribery of officials at Chinese steel mills are wholly without foundation," Sam Walsh, chief executive of Rio Tinto’s Iron Ore division, said.
"We remain fully supportive of our detained employees, and believe that they acted at all times with integrity and in accordance with Rio Tinto’s strict and publicly stated code of ethical behaviour," he added.
Scrapped merger
The company said it continued to operate in China and is maintaining iron ore shipments from Australia.
Earlier this week, China extended its investigations into alleged spying and bribery by Rio Tinto employees to executives at five Chinese steelmakers.
Officials at Baosteel Group, Anshan Iron & Steel Group, Laigang Group and Jigang Group are being questioned.
Analysts say the allegations have cast a shadow over resource-rich Australia’s trading relationship with China.
In June, Rio scrapped a $19.5bn (£12.1bn) deal with China’s state-owned Chinalco in favour of a tie-up with rival giant BHP Billiton, which angered some in Beijing.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
China’s Rio Tinto inquiry widens
July 14th, 2009 |
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China has extended its investigations into alleged spying and bribery by Rio Tinto employees to executives of five Chinese steelmakers.
Baosteel Group, Anshan Iron & Steel Group, Laigang Group and Jigang Group are being probed, the China Daily said.
An executive at another major producer, Shougang Group, was detained last week, news reports said.
Australian Treasurer Wayne Swan has said the case of detained Australian Stern Hu should be handled quickly.
Baosteel, Shougang and Angang are among the 16 delegation members at the talks for fixing 2009 iron ore prices, the China Daily reported.
It said the annual talks, which were supposed to conclude by 30 June, are continuing despite the arrests and investigations.
State secrets
Mr Hu and three other men working for the Anglo-Australian mining firm Rio Tinto were detained last week, accused of stealing state secrets.
Rio Tinto was acting as lead negotiator for global iron ore producers in talks with Chinese mills on the price for annual supply contracts.
The Rio employees are accused of bribing Chinese steel company personnel to obtain summaries of the negotiators’ meetings, according to Chinese news reports.
In Canberra, Australia, the Chinese ambassador was again called in to the foreign ministry on Tuesday, the third summons in a week.
Australia’s opposition is pressing for more aggressive action on Mr Hu’s arrest, but Finance Minister Lindsay Tanner said "yelling and screaming" would not help. </p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.