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Rio Tinto iron ore shipments drop on COVID delays, flags China risks | Hellenic Shipping News Worldwide

Rio Tinto on Wednesday reported lower-than-expected iron ore shipments in the first quarter, and warned a resurgence of COVID-19 lockdowns in China and a prolonged Russia-Ukraine war could have risks. The global minerโ€™s efforts to ramp up its Pilbara operations in Western Australia were impacted in the first three months of the year by labour ...
New South Wales Western Australia Cynthia Osterman Sameer Manekar Sriraj Kalluvila Praveen Menon

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Bearish bets on Asian FX ease as central banks tilt towards rate hikes | Hellenic Shipping News Worldwide

Bearish bets on most Asian currencies eased as regional central banks sought to normalise policy due to surging inflation, while investors turned bullish on Singapore dollar for the first time in over a month, a Reuters poll found on Thursday. Long positions on the Chinese yuan CNY=CFXS firmed despite increasing vulnerability from COVID-19 lockdowns, divergence ...
South Korea South Korean Sameer Manekar Emerging Asia Reserve Bank

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