Saturday , 13 June 2026

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Iron ore opens 2017 with a bang on higher Chinese consumption

  Bloomberg Iron ore has carried last year’s bullish momentum into the start of 2017, with prices rallying to a two-year high amid speculation that China’s demand for overseas ore will hold up even as the world’s largest miners bring on new capacity. Ore with 62 percent content in Qingdao in China climbed 3.9 percent to $83.65 a dry metric …

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Wanda posts first sales decline in 11 years

  Bloomberg Dalian Wanda Group Co.’s revenue fell for the first time in at least 11 years after a slump in its property business outweighed growth from entertainment operations at billionaire Wang Jianlin’s conglomerate. Sales, which includes property-contracted sales, declined 14 percent in 2016 from a year earlier, according to a Wanda statement, more than a January 2016 forecast of …

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New chairman to begin journey to resurrect Tata’s image

  Bloomberg Amid the carnage on Wall Street in 2008, as Bank of America Corp. was trying to forge its rushed merger with Merrill Lynch & Co., Natarajan Chandrasekaran boarded a plane for New York to try to reassure the two financial behemoths that an Indian IT company could make the systems of their strikingly different cultures work together. Chandrasekaran, …

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