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Feb 20, 2024
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bhp warn of hiuh exporting fuel. bhp warn of high interest _ exporting fuel.ting fuel. bhp warn of high interest rates' impact. exporting fuel. bhp warn of. high interest rates' impact on the profitability. what do you make of that? i the profitability. what do you make of that?— the profitability. what do you make of that? i think there is uncertainty — make of that? i think there is uncertainty as _ make of that? i think there is uncertainty as to _ make of that? i think there is uncertainty as to how- make of that? i think there is uncertainty as to how long i make of that? i think there is | uncertainty as to how long the high interest rates may prevail and what the effect will be. they're right to be cautious. i think they are saying they expect things to get better but that might be a story for the second half of 2024, rather than first. second half of 2024, rather than first-— second half of 2024, rather than first. �* ., ., than first. before we go, the founder of — than first. before we go, the founder of the _ than first. before we go, the founder of
bhp warn of hiuh exporting fuel. bhp warn of high interest _ exporting fuel.ting fuel. bhp warn of high interest rates' impact. exporting fuel. bhp warn of. high interest rates' impact on the profitability. what do you make of that? i the profitability. what do you make of that?— the profitability. what do you make of that? i think there is uncertainty — make of that? i think there is uncertainty as _ make of that? i think there is uncertainty as to _ make of that? i think there is...
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Feb 20, 2024
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this is bloomberg. ♪ ♪ >> taking a look at corporate headlines, bhp roush shares -- bhp shares are downis in at 6.5 billion dollars, just missing estimates. they will pay a dividend of 72 shares, down from $.92 a share. they are on track to make output without the demand from china. hsbc is introducing a bonus plan for junior employees to improve transparency. staff will be given on target variable pay and internal pay data. the new system will apply in korea. large companies facing losses from overseas real estate losses according to data from opposition party lawmakers. the financial has the largest exposure, a branch of one of korea's biggest credit unions after losses on real estate loans. annabelle: chinese ev maker horizons has suspended operations for at least six months which adds to signs of a squeeze as growth slows. asia transfer reporter linda lew joins us now. we've seen players in china hit by intense competition. >> yes and it speaks to how intense the electric vehicle market has become in china given that growth was slowing. sales growth is projected to slow for a second
this is bloomberg. ♪ ♪ >> taking a look at corporate headlines, bhp roush shares -- bhp shares are downis in at 6.5 billion dollars, just missing estimates. they will pay a dividend of 72 shares, down from $.92 a share. they are on track to make output without the demand from china. hsbc is introducing a bonus plan for junior employees to improve transparency. staff will be given on target variable pay and internal pay data. the new system will apply in korea. large companies facing...
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Feb 20, 2024
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bhp warned about i interest _ lot of fuel as well.oing forward. what you make of that? , , that? there is still uncertainty - that? there is still uncertainty about | that? there is still - uncertainty about how long that? there is still _ uncertainty about how long high interest rates may prevail for and the effect they will have so i think they are right to be cautious. what they are really saying is that they expect things to get wetter but it may be a story for the second half of 2024 rather than the first. before we go, the founder of the japanese discount retail chain die so has died from heart failure at the age of 80. he was known as a pioneer of the dollar shop is in this model. he started by selling goods from the back of a truck in the early 19705 and realised it was taking him too long to attach pricetags he decided to charge a flat 100 yen per item. he incorporated the company a few years he incorporated the company a few yea r5 later he incorporated the company a few years later and it now has more than 4000 stands injap
bhp warned about i interest _ lot of fuel as well.oing forward. what you make of that? , , that? there is still uncertainty - that? there is still uncertainty about | that? there is still - uncertainty about how long that? there is still _ uncertainty about how long high interest rates may prevail for and the effect they will have so i think they are right to be cautious. what they are really saying is that they expect things to get wetter but it may be a story for the second half of 2024...
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Feb 20, 2024
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discover owners home about 40%. >> let's do a check on how bhp is doing. bhp in negative territory.company south. also negative territory. we are keeping our eye on the csi 300 index as well as the benchmarks linked to china on the back of that lpr. the much-anticipated five your cut that we saw the new move for the one year. it is the deepest cut on record. the first in eight months. not enough to live sentiment. even though there has been negative reaction from the overall broader china market, we are seeing a lift in terms of property, the housing index is down .3%. in terms of the overall market, negative territory. lacking indirection. given with the u.s. has done in holiday. we await that return of the u.s. for that direction. the fed remains front and center. it is about the introductory of that breakout. swaps pricing in a 90 basis point cut for the investors. 150 before. they are talking about possibly three rate cuts versus the seven we started with. the kospi is down about 1%. quest despite all this repricing of the possibility of rate cuts, in march, it was more of a bac
discover owners home about 40%. >> let's do a check on how bhp is doing. bhp in negative territory.company south. also negative territory. we are keeping our eye on the csi 300 index as well as the benchmarks linked to china on the back of that lpr. the much-anticipated five your cut that we saw the new move for the one year. it is the deepest cut on record. the first in eight months. not enough to live sentiment. even though there has been negative reaction from the overall broader china...
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Feb 20, 2024
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but only a small part of bhp's business. >> is a relatively small part of the business. junkie apart is what we are seeing in terms of iron ore and copper makes up a more sizable part of this business. it was striking to me was his relative optimism on the chinese market where you said the market -- talk to us, on a day when iron ore is down 3%, what are they saying about that demand for iron ore and for copper? >> iron ore and copper -- bhp's two biggest commodities look at underlying earnings and copper, 23%. this was a relatively good performance. we are cautiously optimistic on chinese demand this year. very much in line with broader market consensus. there are a lot of good policy intentions from the government but it is the transmission and if limitation of policy. they will feed through into better property activity. that was elected in bhp's remarks and then the rest of the world they were a little bit cautious. sank the aftereffects of hawkish central banks over the past few years and the energy crisis is still stifling industrial commodities. they did see thing
but only a small part of bhp's business. >> is a relatively small part of the business. junkie apart is what we are seeing in terms of iron ore and copper makes up a more sizable part of this business. it was striking to me was his relative optimism on the chinese market where you said the market -- talk to us, on a day when iron ore is down 3%, what are they saying about that demand for iron ore and for copper? >> iron ore and copper -- bhp's two biggest commodities look at...
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Feb 20, 2024
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bhp is a ma'or beneficiary of thati beneficiary of that.ere is the demand coming - beneficiary of that. where is the demand coming from i beneficiary of that. where is the demand coming from of| beneficiary of that. where is . the demand coming from of the economy has been slowing down and addressing this relatively strong demand? the and addressing this relatively strong demand?— strong demand? the chinese residential _ strong demand? the chinese residential property - strong demand? the chinese residential property sector i strong demand? the chinese residential property sector is| residential property sector is quite a big consumer of steel but the other part of the chinese economy is infrastructure and construction thatis infrastructure and construction that is not related to property residential property like schools and those kinds of things and those are going quite strongly and going fairly well and if you're looking at china's oil demand recovering to pre—covid—19 levels and a lot of fuel as well stop by before we go, let's update
bhp is a ma'or beneficiary of thati beneficiary of that.ere is the demand coming - beneficiary of that. where is the demand coming from i beneficiary of that. where is the demand coming from of| beneficiary of that. where is . the demand coming from of the economy has been slowing down and addressing this relatively strong demand? the and addressing this relatively strong demand?— strong demand? the chinese residential _ strong demand? the chinese residential property - strong demand? the...
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Feb 20, 2024
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is a major beneficiary of that. strong and bhp is a ma'or beneficiary of that.neficiary of that. where is demand coming from - beneficiary of that. where is demand coming from then l beneficiary of that. where is demand coming from then if beneficiary of that. where is - demand coming from then if the economy has been slowing down yet we see a relatively strong demand? �* , , .,, yet we see a relatively strong demand?— yet we see a relatively strong demand? , , demand? any people focus on the roblems demand? any people focus on the problems of _ demand? any people focus on the problems of the _ demand? any people focus on the problems of the chinese _ problems of the chinese residential property sector and thatis residential property sector and that is a big consumer of steel but the other part of the chinese economy that uses steel like vehicle manufacturing and white goods, infrastructure and construction unrelated to property, residential property like schools and those kind of things, that is actually being going quite strongly. so they have done fairly well
is a major beneficiary of that. strong and bhp is a ma'or beneficiary of that.neficiary of that. where is demand coming from - beneficiary of that. where is demand coming from then l beneficiary of that. where is demand coming from then if beneficiary of that. where is - demand coming from then if the economy has been slowing down yet we see a relatively strong demand? �* , , .,, yet we see a relatively strong demand?— yet we see a relatively strong demand? , , demand? any people focus on...
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Feb 20, 2024
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bhp wrote down the nickel operations and set aside more cash to cover costs associated with the 2015isaster. arabile, what i'm trying to glean from comments is the dividend of 72 cents. that beat expectations. it is down from last year. that is a good sign. if you have got downbeat sentiment on china and nickel prices with the big writeoff here and the overall prices, it cannot evade that trend. i guess that's what is reflected in the sector. >> exactly. the ceo speaks in the numbers just about how nickel is a small division. we are seeing more growth actually in our copper and potash and iron ore areas. if you are a nickel business, it is taking on the writed downs which is hurting the bottom line. nickel does have demand with the ev play, but because of the amount of nickel we're getting from indonesia, it does mean prices are lower and it is hampering the profits and margins for the nickel business for bhp. remember they impaired that for $2.5 billion on the value of the business. there had been wondering if they should mothball the australian business. they had mothballed the pre
bhp wrote down the nickel operations and set aside more cash to cover costs associated with the 2015isaster. arabile, what i'm trying to glean from comments is the dividend of 72 cents. that beat expectations. it is down from last year. that is a good sign. if you have got downbeat sentiment on china and nickel prices with the big writeoff here and the overall prices, it cannot evade that trend. i guess that's what is reflected in the sector. >> exactly. the ceo speaks in the numbers just...
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Feb 19, 2024
02/24
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bhp more challenging.ld have a strong iron ore number, but there net coal number is weaker, so if you look at those two, we are expecting around 60% increase for bhp. rio tinto 1.5 to 2% to around the $27 billion mark. yvonne: what about when it comes to lithium, big declines this year. we have gone form shortages to oversupply. how much of a concern is this for investors? >> it has been a rocky ride for lithium investors. we have seen lithium suppliers plunge, it has dropped to 85 zero dollars a ton -- $850 per ton. even though we are expecting lower prices to reduce margins, they are among the world's lowest-cost producers, so we believe they will still be able to maintain positive cash flows to be expanded production, and they are planning to increase production over the next couple of years. minimal resources also reporting this week, slightly more challenging for lithium operations as they are producing closer to the marginal cost, so we will be interesting to see with the reaction is from them and ot
bhp more challenging.ld have a strong iron ore number, but there net coal number is weaker, so if you look at those two, we are expecting around 60% increase for bhp. rio tinto 1.5 to 2% to around the $27 billion mark. yvonne: what about when it comes to lithium, big declines this year. we have gone form shortages to oversupply. how much of a concern is this for investors? >> it has been a rocky ride for lithium investors. we have seen lithium suppliers plunge, it has dropped to 85 zero...
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Feb 18, 2024
02/24
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bhp might find things more challenging thanks to their net call assets.week, thursday in particular we are looking at the three lithium minors, i geo, cooper minerals, and mineral resources. they will be struggling from the much lower lithium price and we have a couple gold producers as well. a very busy week. haidi: iron or has been doing very well. what does this mean for the major producers? moshen: higher ion or prizes upset slightly by coal production. they will have the major write-downs. nickel assets look like $5.4 billion in write-downs and we have yet to see an impact on their decision making from the australian government. rio tinto we are seeing a 1.5, 2.5 uplift 27 billion. even though, as we mentioned, they did not get the same graded they had a much higher shipment number. overall we think that should more than offset that to end up with pretty good results. haidi: you mentioned how attractive lithium pricing has been. how much of a shakeup or shakeout do we expect when it comes to some of these assets? bayo mohsen: we are starting to see g
bhp might find things more challenging thanks to their net call assets.week, thursday in particular we are looking at the three lithium minors, i geo, cooper minerals, and mineral resources. they will be struggling from the much lower lithium price and we have a couple gold producers as well. a very busy week. haidi: iron or has been doing very well. what does this mean for the major producers? moshen: higher ion or prizes upset slightly by coal production. they will have the major write-downs....
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Feb 20, 2024
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fed pricing in big earnings when it comes to commodities in australia, we had a disappointment from bhp to see what the next catalyst will be for china. vonnie:
fed pricing in big earnings when it comes to commodities in australia, we had a disappointment from bhp to see what the next catalyst will be for china. vonnie:
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Feb 20, 2024
02/24
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and mining profit flat with bhp warning about the impact of high interest rates to come.or passenger numbers, plane orders and their role in the supply chains of major manufacturers. monica miller is there for us and joins us live. it looks like it is getting busy now? it is quite remarkable what a difference a few years make but this is back. there this is back. are about a thousand participants here from more than 50 countries and if you could see behind me, this is the best and what is out there, the best and what is out there, the technology that exists drawing all these people in. much has happened in the world since the last air show happened. geopolitically speaking different conflicts in the region but also we are facing, as you mentioned, a supply chain issue and it was interesting how almost everyone has something on display but the glaring omission here is boeing. they did not have a passenger plane that they were bringing because their family
and mining profit flat with bhp warning about the impact of high interest rates to come.or passenger numbers, plane orders and their role in the supply chains of major manufacturers. monica miller is there for us and joins us live. it looks like it is getting busy now? it is quite remarkable what a difference a few years make but this is back. there this is back. are about a thousand participants here from more than 50 countries and if you could see behind me, this is the best and what is out...
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Feb 20, 2024
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and mining profit flat with bhp warning about the impact of high interest rates to come.ocus for passenger numbers, plane orders and its role in the supply chains of major manufacturers. monica miller is there for us and joins us live. it looks like it is getting busy now? it joins us live. it looks like it is getting busy now?- joins us live. it looks like it is getting busy now? it is. we are less than _ is getting busy now? it is. we are less than one _ is getting busy now? it is. we are less than one hour - is getting busy now? it is. we are less than one hour from l are less than one hour from this event really kicking off. one thing we have been discussing a lot on the show and particularly at the airshow is our travel. when will we see the pre— pandemic numbers get back up again? particularly here in the asia—pacific region. to give us the latest information i am joined now by the director—general of the association of asia—pacific airlines. thank you forjoining us on the programme. where do we stand in terms of passenger traffic in the region? it is time to kick t
and mining profit flat with bhp warning about the impact of high interest rates to come.ocus for passenger numbers, plane orders and its role in the supply chains of major manufacturers. monica miller is there for us and joins us live. it looks like it is getting busy now? it joins us live. it looks like it is getting busy now?- joins us live. it looks like it is getting busy now? it is. we are less than _ is getting busy now? it is. we are less than one _ is getting busy now? it is. we are...
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Feb 20, 2024
02/24
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bhp warns of the impact of high interest rates to come. hi. welcome to asia business report.passenger numbers, orders as we as their role in the supply chains of major manufacturers. my chains of major manufacturers. my colleague is there for us. she gave me a sense of the highlights. it she gave me a sense of the highlighte— highlights. it is remarkable what a difference _ highlights. it is remarkable what a difference two - highlights. it is remarkable j what a difference two years make when the pandemic was happening. it is back. there's about 1,000 participants from more than 50 countries. if you can see behind me — this is the best and what is out there, the technology, that exists which is drawing all of these people in. a lot has hand in the world since the last air show hand. geopolitically speaking, the different conflicts. also, we are facing, as you mentioned, supply chain issues. it's interesting, out here, almost everyone has something on display. the glaring omission here is boeing. they did not have a passenger plane that they were bringing to this air show, be
bhp warns of the impact of high interest rates to come. hi. welcome to asia business report.passenger numbers, orders as we as their role in the supply chains of major manufacturers. my chains of major manufacturers. my colleague is there for us. she gave me a sense of the highlights. it she gave me a sense of the highlighte— highlights. it is remarkable what a difference _ highlights. it is remarkable what a difference two - highlights. it is remarkable j what a difference two years make...
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Feb 20, 2024
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the world's largest listed miner — bhp — has reported its latest results showing the company made moreecember. but it cautioned the next six months may not be as rosy as it was not yet clear how effective stimulus policies have been in china, its biggest customer. stay with us, still to come: are they worth it? as beyonce launches her own haircare line, we look at the world of celebrity beauty brands. around the world and across the uk, this is bbc news. bbc news, bringing you different stories from across the uk. , , ., different stories from across theuk., ._ .,, different stories from across theuk., ., ., the uk. just two years ago there were _ the uk. just two years ago there were 34,500 - the uk. just two years ago i there were 34,500 northern garces on this ben garuccio wrote, was the fourth largest colony in the world. but in 12 months bird flu wiped out more than half of the population and gannets are not alone, black headed gulls were registered before bird flu mers in 2021 and numbers have declined by 77% in recent years. in its first—ever airport trying to quantify the effec
the world's largest listed miner — bhp — has reported its latest results showing the company made moreecember. but it cautioned the next six months may not be as rosy as it was not yet clear how effective stimulus policies have been in china, its biggest customer. stay with us, still to come: are they worth it? as beyonce launches her own haircare line, we look at the world of celebrity beauty brands. around the world and across the uk, this is bbc news. bbc news, bringing you different...
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Feb 26, 2024
02/24
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that is an asset bought in a much larger acquisition of bhp's oil and gas portfolio in 2022.he bulk of the write-down relates to goodwill and accounting around the acquisition. early a one off, not massively unexpected. the much smaller component relates to the whetstone lng facility and that boils down to lower pricing last year. we are seeing that across the results. woodside not only produces lng, it is also a traitor of lng. in the trading, the short-term prices have collapsed in 2023. we are seeing winstone -- woodside take the hit. haidi: do we have an expectation that is still hunting for deals? >> i think we do. we have reported that. we have heard the past couple of weeks and interviews they have indicated growth is still on the agenda. they are advancing a series of existing growth projects. do not discount the idea of deals. woodside is bullish to add volumes. we would expect they are continuing to look at all of the opportunities including for m&a. annabelle: we will be asking about the prospect of those opportunities when we speak to the woodside energy ceo and m
that is an asset bought in a much larger acquisition of bhp's oil and gas portfolio in 2022.he bulk of the write-down relates to goodwill and accounting around the acquisition. early a one off, not massively unexpected. the much smaller component relates to the whetstone lng facility and that boils down to lower pricing last year. we are seeing that across the results. woodside not only produces lng, it is also a traitor of lng. in the trading, the short-term prices have collapsed in 2023. we...
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Feb 16, 2024
02/24
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bhp, the world's biggest miner doing well after its train drivers announced they will not go ahead with strike action. the aussie dollar, $.65, not a lot of change. yields creeping up. there is the story around oil also. russia has almost reached its voluntary output cut for the first time since it made that promise. potentially surplus this year as demand growth slows down, oil from non-opec country starts to increase. let's look at u.s. treasuries in the japan session. modest increases to yields as well. we did see them cool off a little bit in the u.s. session, mixed data. you can see raphael bostic saying victory is not in hand. let's bring in our next guest, asian equities portfolio manager at mng investments. i want to talk about japan if we can them a closing in on the high we haven't seen since 1989 p it to feel like maybe the nikkei still has opportunities? vikas: thank you for having me back. japan we've been constructive on for years and even last year we had this conversation, we thought we were still in the early innings of the equity appreciation cycle in japan. i think we
bhp, the world's biggest miner doing well after its train drivers announced they will not go ahead with strike action. the aussie dollar, $.65, not a lot of change. yields creeping up. there is the story around oil also. russia has almost reached its voluntary output cut for the first time since it made that promise. potentially surplus this year as demand growth slows down, oil from non-opec country starts to increase. let's look at u.s. treasuries in the japan session. modest increases to...
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Feb 22, 2024
02/24
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this week we have had bhp suffering a 2.5 billion on nickel. a slump in net profit.ore also seeing a decline. iron ore prices despite all the talks of china's slowdown have been doing reasonably well. prices rose last year. churning out near record rates of production. profits up 41%. it has benefited from being a very focused producer of iron. haidi: we know iron ore is a cash cow. we also know there have been forays into hydrogen, other investments as well. how is that playing out? martin: still at the very early stages. the iron ore business has always been fortescue's core. there billionaire founder is leading the push into green hydrogen. during this year they have finally approved a number of projects. the money they are getting from iron ore at the moment is going to help feed some of that push into other areas. a lot of the projects will not be up and running for a long time. they will be hoping the iron ore price stays relatively resilient over the next couple of years. haidi: as you have said there has been this interesting decoupling between how the chines
this week we have had bhp suffering a 2.5 billion on nickel. a slump in net profit.ore also seeing a decline. iron ore prices despite all the talks of china's slowdown have been doing reasonably well. prices rose last year. churning out near record rates of production. profits up 41%. it has benefited from being a very focused producer of iron. haidi: we know iron ore is a cash cow. we also know there have been forays into hydrogen, other investments as well. how is that playing out? martin:...