bhp billiton reported second-quarter iron ore production rose 9%.ld's biggest mining company said output was 60 million metric times, slightly beating estimates. iron ore hitter to your high this month after serving more than 80% last year. that is your bloomberg business flash. anna: back to the earnings, novartis earnings out, announcing plans to buy back $5 billion in shares this year. jimenez, ceo of novartis. great to have you on the program once again. if we can start with your plans for the out con part of your business. you talked about considering various options. how far down the path are you? are you talking to potential buyers? >> we know it's today we are going to conduct a review over the next year that will include all options, including retaining the business to exiting the business through capital markets such as an ipo. we think now is the time to take a look at the best interest of our shareholders for that unit. it will not include the alcon.ceutical part of we have integrated that into the innovative medicines division. we are j

the reopening of bhp billiton's mine in brazil is threatened by environmental protections.a collapse after killed 19 people and polluted or wide area. a local mayor is refusing to all the rise the mind use of water from a nearby river. bets medical arm winning backing from singapore, increasing the chances of its health care moving into ma asia. emasek backs the medical arm, it has deals with companies such as novartis and biogen. look get back to china and at these capital controls being felt across the world, especially the housing markets globally. chinese demand expected to wayne, so the clampdown is deterring first time buyers who lack offshore accounts. our asian investing editor is with me. what has been driving this demand for overseas property out of china? chinese buyers have been unstoppable in the last few years. in the past few weeks, we saw this trend accelerate as the yuan depreciated and had its biggest annual decline in more than two decades. in this environment, buyers were looking to insulate themselves from depreciating currency at home and looking for d

bhp billiton and rio tinto are also down.down in demand from chinese steelmakers. this comes just a few days after the current high prices for iron ore and other raw materials led australia to record its first trade surplus in almost three years and thereby avoid the risk of a recession. we will be live to be reaching for the latest on that and all of the other business stories. don't forget you can get in touch with me and some of the team on twitter. thank you very much. stay with us on bbc news. still to come: the queen attends church at sandringham — herfirst public appearance since recovering from a heavy cold. the japanese people are in mourning, following the death of emperor hirohito. thousands converged on the imperial palace to pay their respects when it was announced he was dead. good grief. after half a century of delighting fans around the world, charlie brown and the rest of the gang are calling it quits. the singer paul simon starts his tour of south africa tomorrow, in spite of protests and violence from some

everyone will be watching bhp billiton.l up pretty good. 60 million tons for the second quarter. full-year guidance has been lowered. big piece of data out today. also getting preliminary gdp as south korea that is expected to confirm a slowing economy. i'm paul allen in sydney. more from "bloomberg technology" next. ♪ caroline: this is "bloomberg -- technology." verizon saw their worst performance since 2011 in tuesday trading after adding --er monthly wire lists monthly wireless customers than expected. they wanted to inform themselves into more than just a phone company. yahoo! is delaying their sale to verizon because it needs more time to be closing conditions after the disclosure of two massive data breaches. has is a look back at what been said on bloomberg television about the deal and yahoo!'s most recent hacking disclosure. >> the yahoo! brand is an excellent brand. the yahoo! team is an excellent team. it fits into the larger strategy that verizon has. >> the transaction isn't just about the strategic future for

a couple of stocks worth watching at the open, bhp billiton, after a minister said may be operationalst farmers has an earnings update. they are expected to bring in $135 million and one hundred $40 million on stronger than expected production after a coal prices. at in south korea, a company investing in the u.s. over the next five years. that is some of what we are watching in the asian pacific. sydney, i am paul. ♪ ♪ this is "bloomberg technology." i am caroline hyde. with a matter of the u.s. antitrust division filing against a company, a lawsuit saying qualcomm forced apple to use its processes. this was in return for lowering it charged.royalty taking a look at reaction, shares plunging dramatically in the session, closing down about 4%. that was 4 billion dollars that was wiped off in terms of market cap. we met up with erik schatzker. how they are reconciling the incoming administration. >> democrats and republicans, but we are all americans, and we win.to the admin is ration in democracy, there are differing points of view. we want more jobs. we want great trade agreements. w

bhp billiton down 0.8% in sydney after the announcement of a proposal to settle claims in 2015's fatalhem collapse in brazil. the deal sets out a timeline for settling $48 billion in claims against bhp. a final deal is expected by the end of june and still needs court approval. 19 people died in brazil's worst environmental disaster. betty: american express says fourth-quarter profit fell more than 8% as expenses ballooned and more money was set aside to cover bad loans. or income was $825 million $.88 a share. the ceo warned results would be uneven after the loss of costco. it has embarked on a revamp and a cost-cutting project to fill that void. yvonne: viacom's paramount pictures has received a chinese lifeline worth as much as $1 billion. the studio reached a financing deal with shanghai film group to pay for its movie production over the next three years. the deal solved the long-term money problem for paramount, which has struggled in recent years, posting a loss of $445 million in 2016. betty: breaking news now. las vegas sands today $7 million chargesties to resolve to pay pena

you have had the ceo of bht -- bhp billiton. aboutre still talking copper above $6,000 and if you want to understand what is going on with the dollar, this is your fx. we have seen some drop in some of those currencies. record lira making some lows. juliette saly has your first word news. juliette: jeffrey good luck has set the tenure treasury yield topping 3% with signal the end of the three decade-long rally in bonds. webcast the ceo of double and capital said "if we take out 3% in 2017, it is by by bond bull markets. in an investment outlook related earlier that the benchmark treasury about 2.6% would spell the end for the bond bull market. in on aen's closing deal to pay $4.3 billion in criminal and civil penalties. probe. hold a u.s. the agreement which will include a guilty cleat raises the cost of the scandal to more than $23 billion in the u.s. and canada. that is above the $19.2 billion tot they had set aside resolve the dispute. u.s. prosecutors's have charged three x traders at the heart of a criminal investigation th

. ♪ a look at bhp billiton shares, 18 month highs after releasing production numbers for the second quarter details. buter was a disappointment, it was going to be a disappointment? paul: not a huge surprise. there were some severe storms in australia towards the end of 2016 that knocked out power. we are seeing the impact of that pounds result, 357,000 of copper, down 7% on the year. full-year copper output downgraded by 2%. that is pretty much where the ends.ews or, 60 million tons, beating expectations, up 9%. iron ore has had that impressive run-up in prices, so boding well for earnings. coming in line with expectations, the market rewarding bhp, currently up 2%. right, let's take a look at rio tinto shares on the way up. china, people are suggesting there are pressures to get out of coal altogether. paul: a chinese coal mine is buying all assets for $2.45 billion. rio will hang onto two mines, both metallurgical coal mines for steel production. they will pay rio $1.95 billion another $100 million per year for the next five years, so a significant deal. the rio stock price climbing, thr

this follows news from bhp billiton earlier in the session, we thought rising in sydney and thisrisingon and after its iron ore production was up 9%. gaining.mbers it is a strong day for minors as you say. sao paulo,ving on to these two connected in this perspective deal. it has said it is considering a merger with jenna raleigh -- wi th generali. this deal has prompted a regulatory inquiry. the italian stock market is gathering executives today and tomorrow and it prompted analyst skepticism about the value of this deal and that is why we are seeing it move lower on this. generali rose the most in 2010 and this was after it purchased f% of intel is a -- o f intesa. these are some of the big moves we're seeing on the stoxx 600. guy. matt: i will pick it up here. i'm going to talk about the chancellor angela merkel. her path to a fourth term in office just got a lot more obligated. in a surprise decision, said marc gabriele announced he would not run against her. that paved the way for former e.u. parliament president martin to challenge her against populara much more politician. those

we saw a little more discipline from producers like rio tinto and bhp billiton here in australia.ttle different. , we have follyt brazil, the largest iron ore -- vale brazil, the largest iron ore exporter. there is a changing picture on the supply side, but still uncertainty around demand. that's what it's on the mind of forecasters. morgan seen banks from stanley onward with a bearish outlook for 2017. saw thatear, nobody rally coming. at least, nobody saw that huge rally. it be that in 2017, iron ore again defies expectations? david: absolutely. you are completely right. we even heard the likes of andrew forrest, a billionaire and one of the top producers, saying forecasters can always get it wrong. i mean, the facts are, on the supply-side, if producers continue to show discipline, even as they'll begins production of a giant new mind, we are expecting them to show some caution. begins production on a giant new mine, we are expecting them to show some caution. quarter years before they reach capacity. certainly, and iron ore price could be -- it could be for years before they r