BHP chief tries to soothe China nerves on Rio deal
BHP chief tries to soothe China nerves on Rio deal
BEIJING (Reuters) – China is worried that BHP Billiton Ltd will have too much power in setting iron ore prices if it takes over rival Rio Tinto Ltd/Plc but recognizes that a tie-up could help secure long-term supplies, a manager at the country’s No. 2 steel maker said on Thursday.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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