Funding & Business
BHP to Shutter Australia Coal Mine Due to High State Royalties
BHP Group Ltd. said it will shutter one of its Queensland coal mines and slash about 750 jobs across the division, citing high state royalties and weak market conditions that have made low-margin operations unsustainable.
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Baidu Inc. shares jumped by the most in over two years after an analyst upgraded the Chinese internet firm, citing the growth potential for its in-house chip business.
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Samuel Sanghyun Kim, Vice Chairman and Group CEO at Lotte Retail, discusses the company’s business strategy and expansion plans in Southeast Asia. He speaks with Shery Ahn and Annabelle Droulers on “Bloomberg: The Asia Trade”. (Source: Bloomberg)
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Sean Darby of Mizuho Securities Asia says “we are in one big reflation trade” and that “almost anything we throw at the equities market is bouncing back.” Darby shares his views on global stock markets on Bloomberg Television. (Source: Bloomberg)
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