| Good afternoon, Chemicals major Qenos has called in voluntary administrators after its former Chinese owners sold the company to property developer Logos. The plastics maker runs plants in Victoria and NSW, and on Wednesday appointed McGrathNicol as voluntary administrators. Star Entertainment Group’s former chief financial officer Christina Katsibouba has told the second Adam Bell inquiry she was prepared to forfeit financial benefits by resigning after she lost “faith and confidence in the integrity” of then chief executive Robbie Cooke. Rio Tinto says it expects to see strong iron ore demand from China as exports surge from the world’s biggest steel producer, despite last quarter’s plunge in the iron ore price. The sharemarket extended its losing streak to five days as the ASX 200 gave up its gains to end just 6.9 points lower at 7605.6 points, while the broader All Ordinaries finished 1.3 points in the red at 7861.0.
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