Samsung informed customers to stop using their Galaxy Note7 smartphones while it investigates reports of fires in the devices, as the tech giant continues to rectify its recall situation.

Samsung Electronics has made a 3-billion yuan (US$450 million) investment in Chinese automaker and rechargeable batteries firm BYD Co Ltd.

After being in the red for a period, iron ore has surged into the black to US$56.20 a tonne in the last trading session, up from 0.7 percent from US$55.60 a tonne. According to news sources and trading analysts, the move leaves it just US$0.20 shy of a one month high. This is most likely due to the recent explosions in a container storage station at the Port of Tianjin earlier this week with experts saying that the disaster could upset the iron ore supply into China who is currently the largest iron ore consumer in the world.