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  • BHP plans asset split, posts $13.8 billion profit Tuesday, 19 Aug 2014 | 3:58 AM ET

    SYDNEY— BHP Billiton, the world's biggest miner, said Tuesday it plans to split off some of its smaller assets into a separate company, as it posted a $13.8 billion annual profit. It will be based in Perth, Australia, and listed on the Australian Securities Exchange, with a secondary listing in South Africa.

  • *H2 profit up 8 pct to $5.69 bln. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $14 billion company to shareholders, mostly offloading assets it acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.

  • Aussie miner lawmaker criticized for China tirade Tuesday, 19 Aug 2014 | 12:47 AM ET

    CANBERRA, Australia— A larger-than-life Australian mining magnate turned lawmaker, Clive Palmer, was widely accused Tuesday of threatening Australia's relationship with its biggest trading partner through an extraordinary tirade against China.

  • DIARY - Top Economic Events to Sep 2 Monday, 18 Aug 2014 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia will release the minutes of its August policy board meeting- 2340 GMT. SALZBURG, Germany- Federal Reserve Bank of New York Deputy General Counsel and Senior Vice President Joyce Hansen, Austrian National Bank Deputy Governor Andreas Ittner and Bundesbank Board member Andreas Dombret speak at Salzburg Global Seminar.

  • SYDNEY, Aug 19- When a scorching drought struck eastern Australia in 2006, cattle farmers Robyn and Paul Kendal had to slaughter nearly all their livestock and spend around a year of their normal turnover on feed to keep the remainder alive.

  • *China foreign direct investment falls. LONDON, Aug 18- London copper edged higher on Monday as some investors regarded recent losses as overdone, but gains were capped after new home prices in top metal consumer China fell in July for the third month in a row. Investors are still jittery about developments in China, however.

  • *China foreign direct investment falls. LONDON, Aug 18- London copper edged higher on Monday as some investors regarded recent losses as overdone, but gains were capped after new home prices in top metal consumer China fell in July for the third month in a row. Investors are still jittery about developments in China, however.

  • *China new home prices fall for third month in a row. *China foreign direct investment also falls. LONDON, Aug 18- London copper steadied on Monday, but remained under pressure near two-month lows after new home prices in top metal consumer China fell in July for the third month in a row.

  • FOREX-Carney buoys sterling, dollar under pressure Monday, 18 Aug 2014 | 4:07 AM ET

    *Carney tells Sunday Times UK rates may rise before pay recovers. LONDON, Aug 18- Sterling was the main mover on major currency markets on Monday, recovering from last week's multi-month lows after the Bank of England said interest rates might have to rise before wage inflation picks up.

  • *Gold recovers after dropping below $1,300. SINGAPORE, Aug 18- Gold recovered modestly on Monday to trade just above $1,300 an ounce as escalating tensions in Ukraine sapped risk appetite, hurting stocks and bidding up safe-haven assets. "There was some selling as Tokyo and China opened this morning sending gold to session lows," said a trader in Sydney.

  • When Australia- based BHP joined forces with the London- listed, but largely South African, Billiton, a diversified natural resources giant was created.

  • *Carney tells Sunday Times UK rates may rise before pay recovers. TOKYO/ SYDNEY, Aug 18- The dollar edged down against a basket of currencies on Monday, as U.S.

  • Spreadbetters are picking European shares, which already had a chance on Friday to absorb renewed tensions in the Ukraine, to fare better. They forecast Britain's FTSE to open as much as 0.4 percent higher, Germany's DAX 0.8 percent and France's CAC 0.6 percent.

  • METALS-London copper rebounds from near two-month low Monday, 18 Aug 2014 | 12:17 AM ET

    *China new home prices drop 0.9 percent in July from June. SYDNEY, Aug 18- London copper edged higher on Monday, bouncing off last week's near two-month lows, as traders built up stocks on fresh signs of economic recovery in the United States and a view that the sell-off after weak Chinese data was too heavy.

  • *Sale of Bougainville Copper stake an option. The interim mining law converts Bougainville Copper Ltd's mining lease into an exploration lease.

  • TOKYO, Aug 18- Asian stocks eked out gains on Monday after seeing Wall Street recover from the latest round of tensions in the Ukrainian crisis, although renewed uncertainty over the volatile conflict put a firm lid on markets. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent.

  • *China economic data points to weakness, euro zone slows. LONDON, Aug 15- The price of copper edged higher on Friday as some investors bought back short positions to take profits ahead of the weekend, but gains were capped as a gloomy outlook for the economy in top metals consumer China raised concerns about demand.

  • *Carney tells Sunday Times UK rates may rise before pay recovers. SYDNEY, Aug 18- Sterling rose on Monday after the Bank of England indicated that UK interest rates may have to rise even before wage growth recovers, backtracking from earlier comments that prompted markets to push out the risk of a rate hike.

  • *Shares up 2 pct, outperform UK mining sector. MELBOURNE/ LONDON, Aug 15- Diversified mining company BHP Billiton declared its preference for a demerger of its aluminium, manganese and nickel assets on Friday, setting the stage for the formation of a separate business that could be worth at least $12 billion.

  • *China economic data points to weakness, euro zone slows. LONDON, Aug 15- The price of copper edged higher on Friday as some investors bought back short positions to take profits ahead of the weekend, but gains were capped as a gloomy outlook for the economy in top metals consumer China raised concerns about demand.