China 23 February 2026 - 1 April 2026

BHP’s China Iron Ore Deal Puts Miner Back in Focus as Yuan Pricing Ripples Through Rivals
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BHP’s China Iron Ore Deal Puts Miner Back in Focus as Yuan Pricing Ripples Through Rivals

BHP’s iron ore pricing settlement with China’s state buyer is under scrutiny after a May 3 report warned of possible industry-wide effects. The agreement, reached after a months-long dispute, uses a weighted average of four price indices for Jimblebar fines. BHP has not disclosed full commercial terms. The deal comes as BHP expands copper and potash projects in Australia and Canada.
May 4, 2026
HSBC appoints new China wealth chiefs as mainland growth push gathers pace
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HSBC appoints new China wealth chiefs as mainland growth push gathers pace

HSBC named Max Xu to lead International Wealth and Premier Banking in China and Samuel Chen as China private bank head, both effective April 1. Wealth invested assets in mainland China rose 37% in 2025, but HSBC’s mainland pretax profit fell 66% last year. The bank is weighing cuts affecting up to 20,000 roles and named its first Chief AI Officer last week. HSBC’s market value briefly topped $300 billion in January.
April 1, 2026

Stock Market Today

  • UK Bond Market Turmoil Signals Risks for Global Public Finances
    May 26, 2026, 2:44 PM EDT. The UK bond market is showing signs of strain, which could serve as an early warning for countries with unsustainable public finances. Market volatility in UK government bonds has raised concerns about potential ripple effects, especially for the U.S. Treasury market, often seen as a global benchmark. Investors and policymakers are watching closely to assess whether similar fiscal pressures could affect other economies.