Forrest Says Fortescue's Debt `Totally Manageable'
March 30 -- Andrew Forrest, the billionaire founder and chairman of Perth-based Fortescue Metals Group Ltd., the world's fourth-biggest iron ore producer, talks about falling prices, Chinese demand, and criticism from rivals. Forrest has called on the largest producers to cap output in an effort to stimulate prices, a strategy dismissed by Rio Tinto Group and Gina Rinehart, the billionaire developing a new mine in Western Australia. He spoke with Bloomberg's Stephen Engle at the annual Boao Forum on the southern Chinese island of Hainan.
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Inside the Concerns Over China's Debt Swaps
19:45 - China unveiled guidelines for debt-to-equity swaps in October, part of measures to trim the world’s biggest corporate debt loads. Bloomberg's Lianting Tu reports on "Bloomberg Markets." (Source: Bloomberg)