An iron ore oversupply still needs to "work through the system," Fortescue chairman Andrew Forrest warned.
Asia markets were mixed Monday, with some analysts predicting a quiet week, in the absence of major economic data from the U.S. and China.
Rio Tinto said chief executive Sam Walsh would retire July 1, and would be replaced by copper and coal division head Jean-Sebastien Jacques.
Most Asia markets lost ground Tuesday, tracking Wall Street's weak performance, with analysts saying traders are turning more cautious after the recent rally.
Asia markets reversed early losses to trade mostly higher on Friday, as traders digested fresh easing from the European Central Bank (ECB) overnight.
Asian stocks were mixed, as traders digested Chinese economic data and interest rate decisions from central banks in New Zealand and South Korea.
Asian markets were mixed Wednesday, with China shares dropping, as analysts pointed to renewed investor concerns over the mainland's economy.
China shares eked out gains Tuesday even as most Asian markets slipped, with traders digesting weaker-than-expected trade data from the mainland.
Asia markets ended mixed on Monday as investors digested U.S. data and China's NPC meeting, with the Nikkei falling, while China shares rose.
Markets in Asia registered gains for the week despite a tepid session on Friday that saw major indexes waver between positive and negative territory.
Hong Kong was the odd one out as markets across Asia gained on Thursday, following a slightly higher finish on Wall Street overnight.
Major Asian markets ended up Tuesday, digesting the PBOC's surprise cut to banks' reserve requirement and shrugging off fresh negative economic data.
Asian markets closed mostly higher Friday, with Japan extending gains, but some caution persisted after recent volatility.
The Shanghai composite bucked a generally downward trend in Asia on Wednesday as major indexes in Australia, Japan, and Hong Kong were down.
Markets in Asia gave up early gains on Tuesday as the improved market sentiment which spurred a global rally Monday appeared to fade.
About 50 of Britain's biggest companies will sign a letter supporting the prime minister.
Most Asian markets tacked on gains on Thursday despite mostly poor economic data, as investors started to worry about missing a bargain.
Asia traded broadly higher on Tuesday, extending Monday's rally, but experts were not convinced it was the end of the volatility.
Japanese shares surged, after last week's sharp sell-off, despite weak Q4 GDP. But Chinese stocks lost ground after its markets re-opened from a week-long holiday.
Markets in Asia dropped on Friday, with Japan's Nikkei tumbling, after a sell-off on Wall Street fueled by volatile oil and worries over bank earnings.