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German Finance Minister: International law applies to all countries, including the United States.January 11 - According to an announcement by Zhongheng Group, based on preliminary calculations by the companys finance department, the net profit attributable to shareholders of the listed company for 2025 is expected to be negative, and the companys operating performance for 2025 will result in a loss.The CEO of Dal Global stated that Dal Global and the Trump Organization will launch a new Saudi real estate project worth $10 billion.January 11 – The Houthi rebels in Yemen issued a statement today (January 11) claiming that Saudi Arabia, through Yemeni Presidential Leadership Council Chairman Ali al-Aimi, has signaled a “restart of the war.” The Houthis warned that any Saudi military action would be met with a strong response. The statement emphasized that any military adventure against Yemen would be devastating and extremely costly. The Houthis stated that Saudi Arabias only option is to fulfill its peace commitments, end its intervention in Yemeni affairs, and withdraw from Yemen.On January 11, media reported that the planned visit to Somalia by Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, originally scheduled for January 9, had been postponed. A spokesperson for the Chinese Embassy in Somalia stated that, following friendly consultations between the Chinese and Somali foreign ministries, China adjusted Wang Yis itinerary due to scheduling conflicts. Both sides are maintaining communication regarding the next steps. China has always attached great importance to its strategic partnership with Somalia, firmly supports Somalias just claims to safeguard its sovereignty, unity, and territorial integrity, and is willing to work with Somalia to continue to deepen and develop cooperation in various fields.

BHP Expects China to Maintain Commodity Demand in 2023

Aria Thomas

Jan 19, 2023 10:56

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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.


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