Word: rio
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STEPHEN SMITH, Australian Foreign Minister, after Chinese officials sentenced a Rio Tinto executive to 10 years in prison for bribery and stealing business secrets...
Trouble for Rio Tinto...
...Shanghai trial of four Rio Tinto executives charged with bribery and commercial espionage concluded on March 24. The Shanghai-based employees of the British-Australian mining company, who were arrested in July, confessed to accepting bribes from Chinese steel companies during negotiations over iron-ore prices. With a verdict expected within weeks, they face up to 15 years in prison. Though Rio Tinto will seek to continue to collaborate with Chinese companies, the high-profile case has shed light on the worsening environment for foreign corporations in China...
...hardened soldiers on an impossible mission. This is less the saga of a solo superhero than a paean to male teamwork, in the style of Peter Jackson's The Lord of the Rings, which itself was a homage to classic Hollywood director Howard Hawks (Air Force, Rio Bravo). Perseus is a man's man; he forges his closest bonds first with his adoptive father, then with his comrades: they face the threat of death together and count on one another's wits and grit to stay alive. It means something when he says, "I'd rather...
...such luxury is afforded, for instance, to recent China visitor Tom Albanese, the American CEO of the Anglo-Australian mining giant Rio Tinto, for which China is now the largest market. On the same day that Google switched off its Chinese filters, four of Albanese's employees went on trial in Shanghai on corruption charges. If he still believed (as many in the foreign business community did when the four were arrested in 2009) that the trial was retribution for a soured deal with Chinalco, China's huge state-owned aluminum producer, he wasn't showing it. He wasn...