News

China continues to show off its influence over the London market as some of the big miners took a heavy dent on the first day when most trading desks were full after the festive celebrations.

Row with president threatens Rio Tinto Guinea project

Rio Tinto confirmed yesterday that the Guinean government had threatened to strip the company of its stake in a huge iron ore project in the West African country. The dispute centres on the miner's failure to acknowledge an earlier decision to remove part of the project from Rio's control.

James Moore: Rio falls foul of yet another government

Outlook Is Rio Tinto the most accident-prone company on the FTSE 100 (except BP, of course)? It looks that way. The miner is embroiled in yet another row with a government (this time it's in Guinea, and about iron core concessions).

Rio and BHP score points over Australian government with iron ore royalty deal

Rio Tinto and BHP Billiton yesterday agreed to pay Western Australia increased royalties if the companies' huge iron ore joint venture in the state is given the green light.

Rio Tinto shifts its stance on new tax

Rio Tinto, the mining group that analysts expect to be hardest hit by the proposed 40 per cent tax on resources groups' profits in Australia, said yesterday that it is not against a profits-based levy.

Rio Tinto chief savages Australian super tax

Rio Tinto's chief executive, Tom Albanese, broke his silence on Australia's proposed 40 per cent on profits in the mining industry yesterday, threatening to withdraw investment from the country.

China hints at imposing mining super-tax

The spectre of other resources-rich countries joining Australia in imposing extra taxes on the mining industry was raised again yesterday when an influential state-run newspaper in China urged the authorities in Beijing to impose a similar levy.

Tax worries overshadow Xstrata's increased output

Xstrata reported strong first-quarter production figures yesterday, saying it was confident about demand for metals as the recovery in the global economy gathers pace.

Rio Tinto criticises Canberra tax plans

Rio Tinto yesterday criticised a controversial new resource tax imposed by the Australian government, saying it could erode the country's competitiveness, curtail investment and limit jobs growth. Prime Minister Kevin Rudd announced at the weekend that a 40 per cent tax on profits at the big mining companies would be introduced in 2012, raising an additional A$9bn (£5.5bn) a year.

G4S employees in Afghanistan sentenced to two years for bribery

G4S became the latest British company to become embroiled in an overseas bribery case yesterday, when two employees were jailed in Afghanistan for paying local officials to release impounded vehicles.

Investment Column: There's more to come from surging Anglo

IMI; Bluebay Asset Management

US corruption investigation centres on BHP Billiton

BHP Billiton became the latest mining company to be embroiled in a corruption scandal yesterday when it admitted it has been under investigation by the US Securities and Exchange Commission (SEC) since August last year.

Rio Tinto follows iron ore rivals and kills off yearly prices

Rio Tinto has sounded the death knell for the 40-year-old practice of pricing iron ore through annual contracts, saying yesterday that it was following the world's other major producers by negotiating with steelmakers on the basis of quarterly agreements.

Vale and BHP in historic iron ore price move

Miners and steel groups agree to scrap annual pricing after decades

David Prosser: Another case for Rio Tinto to answer

Outlook: The company, having failed to spot what its staff had been up to, was quite happy to see the Chinese accused of trumping up charges against them

Clifford Coonan: Graft in China... a way of life?

The British engineer was shown a photograph of a local Communist Party official's daughter, and the cadre tapped the frame and said: "I hear you have good universities in Britain. But the American ones are good too. How will you compete when offering her a place? That's what it will take to secure the business!" The Briton lost the deal.

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Berlin, Dresden, Meissen & Colditz
Prices correct as of 17 October 2014
Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

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Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

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The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
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Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

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Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

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New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker