Rio & China’s Arrested Development

Monday, July 13th, 2009

The big China / corporate / M&A story of recent times was Chinalco’s bid for Rio Tinto (see here, there and everywhere). As we reported, the deal fell through – to the dismay of many in China. The state media made “The Perfidy of Rio” sound like sour grapes. Now there has been a more […]

The Irony of Rio

Monday, June 22nd, 2009

The fallout from the failed (perfidious) Rio / Chinalco deal continues to come and, as we Twittered here, the irony (pun intended!) is that China’s failure to secure the deal is related to China’s success in stimulating the economy: – China stimulation a cause of deal frustration RT @caijingonline: Rio Tinto\’s Chief Disappointed… 8:02 […]

Don’t Quote Me (On The Perfidy of Rio)

Monday, June 15th, 2009

We have a cracker of a quote this week, thanks to the balanced reporting of the good folk at Xinhua… While framing Chinalco as a “white knight” saviour, Rio gets slated for renegotiating, and scuppering, the deal as the market picked up (something they may have learned from dealing with savvy Chinese iron ore negotiators). […]

It’s a “No” from Rio. But a “Yes” for ODI.

Friday, June 5th, 2009

As we reported on Twitter: “Rio’s says no to Chinese ODI – WSJ: Rio Tinto Scuttles Its Deal With Chinalco” This is just the latest news on China’s overseas direct investments (ODI – more here). It may have failed, but others have succeeded, and China’s appetite for resources (and the “odd” brand…like Hummer) is […]