shares in bhp billiton arising after profit rose 31% in the final six months of last year. let's head over to paul allen in sydney. just like rio tinto last week am a bhp has china in its sights to think for this. >> good morning. the most certainly do. uncovered record amounts of iron ore. if you are a company like phd that is fantastic. the numbers for you to my first half or revenue. underlying profit of 7.8 billion dollars. the significant rise and thrashes the media estimate of analysts. it was a huge beach for bhp billiton. story.ot just the china much like rio tinto they have been cutting costs. coalfor queensland dropped and the plan is to reduce that further to 25 billion. the chief executive andrew mckenzie says he is optimistic and says the risk to global growth are skewed for the up side once again if you look at the overall australian picture vistas hammer home that while the mining infrastructure construction boom is over that production and export boom rolls on and on. >> not so good is coca cola. following this morning in sydney trades profit plunging more th

i think we'll see from bhp billiton the likely of share buyback. same net result, a return of capital, slightly different timing and perhaps slightly different mechanism. >> shares of bhp at a one-year high, would you still see these levels? >> we think there's volume to come from these companies. 1.3 million pounds. another 200 tons of copper. the iron ore, again, 212 million tons versus a run rate somewhere below that. we still see volume growth. clearly the more these stocks run, the less upside there is. yes, we're still buyers. >> paul, thank you so much for your time this morning. paul gates, senior research analyst mining and metal bernstein. >>> the bank of japan is extending and expanding its loan scheme. >> hi, carolyn. the boj made the move in order to maximize the impact of stimulus measures and boost economic growth. two lending programs that offer cheap loans to commercial banks were set to expire in march. the fund was nearing its initial ceiling. the central bank will double theside size to $68 billion. it will reward banks that hav

all in all, a positive day for bhp billiton. there shares are up a little over two percent. >> manufacturing, we cannot really talk about that. last week, toyota essentially ending all motor manufacturing and australia. saying it is closing aluminum smelter along with rolling mills. >> not a huge surprise, but a pretty nasty shock for people living in the southern state of victoria, around 20 kilometers from melbourne. report henry smelter is 50 years old. describing it as unsustainable. struggling with high dollar, high cost. there are simply no economies of scale. it is no longer competitive, and will not be financially sustainable now or into the future. that means the loss of 980 jobs. toyota also based there. out: looking for a buyer for the power station. if we take a look at the shares it is anum limited, australian company that held a 40% stake in alcoa. there shares are slumping, down about two percent. admittedly, it is often pretty low base. alcoa do have one other smelter in the torilla, and refining operations in we

no surprise after bhp billiton net income rising 31%. that was a surprise right there. the mining stocks across the asia-pacific, driving the rally. no surprise that the best performer on the asx 200 and one isthe best on the asia index bhp billiton. if we take a look more broadly, it has been those resources that have been seeing momentum. >> we will see if there is any reaction. there is no change. >> i talked to you a little bit about where we are because this is not new. aboutnchmark indexes up 9/10 of one percent. this has -- in focus has been the automakers. it is cold in tokyo. the country seeing some of the worst snow in 45 years. that has impacted production to it is at some of japan's top automaker's. they had to shut down some of the facilities because of supply chain issues, because of this snow. that said, toyota, honda, suzuki all seeing gains. what wem that, this is have been watching in japan. high as 11%.as according to the nikkei newspaper they are going to mass produce nano chips that are going to go into cars this year, so that could help their top l

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we have bhp billiton with results on tuesday. analysts expect half-year profit rose 58% to just over $7 billion after they handed more back to its investors. we're also going to see what criticismes to combat that they have overspent on acquisitions and expansions. the smallest of the cal. that is not stop china from earning hundreds of millions of dollars. the latest results are due out of the 19th on wednesday. profit probably rose in the final months of last year when hordes of gamblers poured into the chinese territory. thursday, the 20th, is when families torn a pot by the dutch torn apart by the korean war get to meet. five days of meetings have been agreed with those separated by the conflict. it was canceled by north korea without any explanation. then of course friday, february 21 as the date when the finance ministers met in sydney for the first time since the emerging markets routed. cutting tax evasion is likely to be discussed. the australian treasurer said keeping the agenda is a realistic one. let's turn our attent

watching intercontinental and bhp billiton. profit beat estimates first cap -- half up.to this story. the company is delivering on its cost reduction program. on a pleasing to see narrow consensus. it is a genuine surprise and the fact that shares are marked up over two percent means the market likes it. a better 2014? investors are sensing this value out there. this is something like 22% which is attractive. you are starting to see the effect before in recent weeks. richard sullivan earlier and he was in good spirits. that is operating half it. insold a hole in -- a hotel san francisco. >> what i was going there, .9%. it is looking rather poor. i'm interested to know that started with last week. they are in the business for the long term. it is unreasonable to expect good numbers for china. >> you need to make sure the company has a stock. immediates no calculus for re-rating. it is something of a discount. largely closed. unless there is a significant -- i think the arcade is looking for a little bit more juice. att workers were looking $300 million or $500 million in

bhp billiton out with results on tuesday. looking for a figure around $7 billion. rival rio gave back to its investors. they say criticism has been overspending on expansion. jim -- mgm china has earned hundreds of millions over the years in macau. there was a gain in the final months of last year. hordes of gamblers poured into the chinese territory. families torn apart by the korean war get to meet for the first time in three years. five days of meeting have been agreed to for those separated by the conflict. a similar event last september was canceled by the north. they did not give a reason why. friday, g 20 finance ministers meeting in sydney for the first time. boosting growth is at the top of their agenda. shadow banking and tax evasion will also be discussed. photosek, joe hockey that he thinks the agenda is a realistic one. at least a dozen reporters have been killed in japan's second major snowstorm in two weekends. chaos andions created saw dozens of flights and bullet train services canceled. many reported around 20 centimeters of snow, with tokyo seein