USA 7s D2: Cup Quarters- Fiji 12-5 Wales (FT), Kenya 14-19 Samoa (FT), South Africa 24-5 Argentina (FT), NZ 12-7 England (FT), Bowl Quarters- Canada 29-0 Uruguay (FT), Scotland 14-15 Japan (FT),  France 5-21 USA (FT), Australia 31-0 Brazil (FT). Pool play- Argentina 14-12 USA (FT), NZ 12-5 Samoa (FT), France 5-33 South Africa (FT), Kenya 7-7 England (H2), Fiji 19-10 Canada (FT), Australia 10-7 Japan (FT), Wales 28-7 Uruguay (FT), Scotland  33-5 Brazil (FT).
Suva, Fiji
Temp: 79 °F / 26.1 °C
Wind: 0.0 KMH
INTERNATIONAL BUSINESS NEWS
March 20, 2010 03:32:42 PM

Australia Friday voiced confidence its vital trade ties with China would not be harmed by next week's sensitive trial of an Australian mining executive charged with bribery and industrial espionage.

Trade Minister Simon Crean said Australia did not link the case of Rio Tinto's Stern Hu, set to be tried along with three Chinese colleagues, with the booming resources sales that have made China its top trading partner.

"The two matters are separate," Crean told public broadcaster ABC. "We are treating the Stern Hu case strictly as a consular case. We've never sought to make any link and neither have the Chinese in their discussions with us."

Analysts say the case goes to the heart of Australia's relationship with China, as it centres on its biggest export to the country, iron ore, and touches on issues such as judicial independence.

Hu and his colleagues Wang Yong, Ge Minqiang and Liu Caikui are scheduled for a three-day trial in Shanghai from Monday over allegations arising from high-stakes negotiations to set annual iron ore benchmark prices.

They were arrested last July and initially accused of stealing state secrets, just weeks after Rio snubbed a major deal with state firm Chinalco. The timing of the arrests sent shockwaves through China's foreign business community.

The charges were later downgraded and now focus on accusations that the four received bribes from Chinese steel mills and obtained commercially sensitive information.

The trial will be held against the backdrop of fresh tension over trade in iron ore, with China ignoring Australia's request to stay out of this year's negotiations and vowing to support steelmakers in the pricing dispute with top miners.

"We've told them that we're not going to deal government to government. We recognised China as a market economy status. We keep telling them they've got to act like one," Crean said.

"They can agitate as long as they like within the industry and try and pressure that point. We're not going to change," he added.

Both Australia and China sought to draw a line under the affair after a brief plunge in ties last year, with Foreign Minister Stephen Smith stressing this week that relations were "back on track".

However, Prime Minister Kevin Rudd on Thursday warned that the "world will be watching" next week's case, earning a stern rebuke from Beijing.

Canberra had asked China to allow all of Hu's trial to be heard in open court, which would allow consular officials to be present for the whole proceedings.

But Chinese authorities have informed Australia's embassy in Beijing that only some of the trial will be heard in public, the Australian Associated Press reported Friday, citing the Department of Foreign Affairs and Trade.

Rio, which says it is unaware of any wrongdoing by its staff, is in talks with Chinalco over projects such as the joint development of a massive iron ore field in Guinea, West Africa.

This weekend, the company's chief executive Tom Albanese will speak at a business forum in Beijing, underlining the Anglo-Australian company's desire for close links with the emerging economic superpower.

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