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Despite being involved in several criminal cases, the company's recent profits have not been affected. Instead, it rose rapidly, especially after it went public on the Shenzhen Stock Exchange.

Despite deadline extension for new rules, valuation on net asset basis takes hold

Demand for iron ore looks positive in China, Fortescue Metals CEO Nev Power was quoted as saying by CNBC. Fortescue is the world's fourth largest producer of iron ore.

Despite the accelerated diplomacy between both sides, the DPRK on Tuesday continued to voice its opposition to the US-ROK military exercises.

Democrats seized control of the House for the first time in eight years in the elections held earlier this month, while Republicans expanded their majority in the Senate, leading to a split Congress.