BHP to take £411 million writedowns
SYDNEY (Reuters) - BHP Billiton , the world's biggest miner, retreated further from high-cost nickel operations on Friday, announcing the sale of its Yabulu nickel refinery in Australia to a local mining magnate.
Click here to read the rest of this article.
Add to:
del.cio.us,
Digg,
Yahoo!,
Google
Other articles in the Business news section
- France posts record trade deficit of... 34 minutes ago
France suffered a record trade deficit of 69.59 billion euros ($91.4 billion) last year, up 33 percent from the 2010 deficit of 51.52 billion euros, the customs service reported on Tuesday. ...more
- Anglo CEO says shareholders supportive... 48 minutes ago
CAPE TOWN (Reuters) - Anglo American's shareholders are "very supportive" of the company in its legal battle against copper producing giant Codelco in Chile over its assets in the country's south, Chief ...more
- Air France to axe long-haul flights... 55 minutes ago
French flag-carrier Air France warned it would cancel up to half of its long-haul flights Tuesday as employees pursued a strike against plans to require them to give 48 hours notice of a walk-out. ...more
- EU watchdog to assess bank recapitalisation... 1 hours ago
LONDON (Reuters) - European banking regulators pore over plans this week from 31 lenders to plug a 115 billion euro (94 billion pounds) hole in their capital cushions and help restore investor confidence shattered by the euro zone debt crisis. The European Banking Authority (EBA) will review recapitalisation blueprints from top names like Deutsche Bank and UniCredit . The 31 were singled out in a healthcheck of 71 lenders last year as needing extra capital to lift core ratios to 9 percent by June... ...more
- Exclusive - Indonesia investors confident... 1 hours ago
JAKARTA (Reuters) - The Indonesian major shareholders of Bumi Plc are confident of winning approval for a shake-up of the coal miner's board that would remove co-chairman Nat Rothschild, investor Samin ...more
- Greek general strike starts as EU presses... 2 hours ago
Greek trade union leaders called a general... ...more