Word: tinto
(lookup in dictionary)
(lookup stats)
Dates: during 2010-2019
Sort By: most recent first
(reverse)
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...
...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...