Rio Tinto Raise 30% of its stock, defense for BHP Billiton’s Purchase

Financial Time—Yesterday, Rio Tinto promise to sell 30 billion non-core assets and raise 30% of its stock, to strengthen the defense of BHP’s purchase.】 CEO of Rio Tinto Tom Albanese said foreseeable future, because of the growing demanding of China and India, large amount goods price will stay high. It also reduces the influence of the decreasing of America economy. He also said that “we can’t assure that American economy will decrease in next year, however, that will not affect a lot to Chinese GDP.”