• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 5th, the Iranian Foreign Ministry announced that the Yemeni Deputy Prime Minister visited Tehran to attend the funeral of former Iranian Supreme Leader Ayatollah Khamenei and met with Iranian Foreign Minister Araqchi on Saturday afternoon. Foreign Minister Araqchi expressed gratitude for the courage and firm stance of the Yemeni government and people in their strong condemnation of the US-Israeli military aggression against Iran and their expression of solidarity with the Iranian people. Araqchi also emphasized that Iran is prepared to utilize all diplomatic channels to promote the lifting of the blockade against Yemen and the full implementation of the Yemen peace roadmap.Iranian Foreign Ministry: A Serbian delegation visited Tehran to attend the funeral of former Iranian Supreme Leader Khamenei and met with Iranian Foreign Minister Araqchi on Saturday afternoon.July 5th - The Chinese and Russian navies will hold the "Joint Sea-2026" joint exercise in the sea and airspace near Qingdao in July. After the exercise, some forces from both sides will conduct joint maritime patrols in relevant waters of the Pacific Ocean. This is part of the annual cooperation plan between the Chinese and Russian militaries, aimed at jointly addressing security challenges and maintaining regional peace and stability.July 5th - The Trump administration is ramping up efforts to reduce the federal governments regulatory burden, unveiling a regulatory reform plan to repeal 702 existing executive orders. This reform plan, released Friday, sets a new record for the number of deregulation measures proposed in the White Houses semi-annual regulatory agenda. This figure is roughly double the scale of related reforms during any period in Trumps first presidency. Furthermore, since the start of the current federal fiscal year (beginning October 1, 2025), the government has finalized or implemented 752 deregulation measures. According to the plan, measures the government intends to repeal by the end of the fiscal year in September include: environmental review requirements for energy projects, energy efficiency standards, and regulations promoting diversity, fairness, and inclusion (DEI). The Trump administration expects that after completing all planned regulatory repeals by the end of September, it will save the U.S. economy $1.5 trillion.US President Trump: We will wait for this storm to pass and we will not let a rainstorm interrupt the 250th anniversary celebrations.

BHP Expects China to Maintain Commodity Demand in 2023

Aria Thomas

Jan 19, 2023 10:56

5.png


As developed nations face economic headwinds, BHP Group (NYSE:BHP) Ltd announced above-estimated quarterly iron ore shipments on Thursday and projected China will be a stabilizing impact on commodities demand this year.


For the three months ended in December, the world's largest publicly listed miner reported Western Australia iron ore output of 74.3 million tonnes (mt), up 1% from 73.9 million tonnes (mt) a year earlier and beating the Goldman Sachs (NYSE:GS) forecast of 71.9 million tonnes.


"China's pro-growth policies, particularly in the real estate sector, and an easing of COVID-19 restrictions are expected to contribute to a steady rebound from the difficult economic conditions of the first half," BHP added.


The mining giant reaffirmed its fiscal 2023 forecast for Western Australia's iron ore production to reach between 278 and 290 million tons on a 100 percent basis.


Competitor Rio Tinto (NYSE:RIO) indicated on Tuesday that China's reopening from COVID-19 restrictions might increase the risk of future labor and supply-chain obstacles. It also anticipated a healthy beginning for iron ore shipments in 2023.