BHP Takes $3.29 Billion Writedown; CEO Kloppers Declines Bonus
BHP Billiton Ltd. (BHP) said Friday it will write down the value of U.S. shale gas and Australian nickel assets by a combined US$3.29 billion, prompting Chief Executive Marius Kloppers to decline an annual bonus in the latest sign the global resources boom has lost momentum.
Asian Shares Fall as ECB Disappoints
A global selloff in stocks extended to Asian markets Friday, as investors took flight from riskier assets after the European Central Bank failed to offer a lifeline for the beleaguered members of the euro zone.
Tokyo Approves JAL Listing on Sept 19
The Tokyo Stock Exchange approved Friday the share relisting of Japan Airlines Co. on Sept. 19, allowing what would be the biggest share offering this year in Japan at more than 500 billion yen ($6.4 billion).
DBS Group 2Q Net Beats Forecasts; Pushes Ahead With Danamon Bid
DBS Group Holdings Ltd. (D05.SG) Friday reported a 10% increase in second-quarter net profit, beating market expectations as strong loan growth and lower allowances offset the effects of persistent pressure on lending margins.
BP's Flare Event at California Refinery Not Due to Equipment Breakdown
BP PLC (BP, BP.LN) Thursday notified California's South Coast Air Quality Management District of its plan to flare emissions at its oil refinery in Carson, California.
Commonwealth Bank Names New Retail Banking Chief
Commonwealth Bank of Australia (CBA.AU) has chosen Matt Comyn, who previously ran its brokerage arm, to head up its retail banking division as the former chief departs for a senior role at Royal Bank of Scotland in London.
KT Corp 2Q Net Profit Falls 43% On Higher Spending On Network, Marketing Costs
KT Corp. (KT) said Friday its second-quarter net profit declined 43% from a year earlier on increased spending to upgrade its network and higher marketing costs to attract more subscribers to the faster service.
Oracle, SAP Set Damages Figure
Oracle Corp. (ORCL) and German rival SAP AG (SAP, SAP.XE) agreed Thursday to damages in a long-running copyright lawsuit, a move Oracle says will pave the way for appeal.
Oil Search: Loading At Papua New Guinea Terminal Still Suspended
Oil Search Ltd. (OSH.AU) said Friday its gross oil output through a key terminal in Papua New Guinea is at a reduced level of around 5,000 barrels per day as bad weather prevents inspections following an oil leak last week.
CSL Says CEO McNamee To Stand Down July 2013, Perreault To Succeed
After 23 years at the helm, CSL Ltd. (CSL.AU) Chief Executive Brian McNamee will step aside in July next year and hand the reins to Paul Perreault, president of CSL's Behring unit, Chairman John Stone said Friday.