Global equity markets jumped on Friday morning after the Chinese central bank unexpectedly cut interest rates to boost its flagging economic growth.» Read More
Asian stocks were mixed on Wednesday on speculation whether the U.S. Fed will maintain its dovish policy stance and following reports of Chinese stimulus.
Asian equity markets ended mostly lower on Tuesday as investors awaited the start of a U.S. Federal Reserve meeting later in the day.
Asian equity markets were mixed on the final trading day of the week as investors avoided making aggressive bets before a key set of Chinese data over the weekend.
Asian indices traded mixed on Thursday, overlooking a positive handover from Wall Street.
Asian stock markets were mostly higher on Tuesday amid light volumes as markets in South Korea and Hong Kong were closed for the Mid-Autumn Festival.
Asian stocks outside of Shanghai declined on Friday amid caution ahead of a key U.S. jobs report.
Asian equities finished mostly higher on Wednesday following stronger-than-expected economic data from China and Australia.
European shares closed lower on Friday as tensions in Ukraine flared up once again and Fed Chair Janet Yellen spoke in Jackson Hole.
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Gavin Wendt, Founding Director & Senior Resource Analyst at Mine Life, says the assets that were involved in the spinoff will transform from ugly ducklings to outperformers over the next 5 to 6 years.
Shares of mining giant BHP Billiton closed 4.9 percent lower in London on Tuesday after the group announced plans to spinoff businesses worth around $16 billion.
European shares closed higher on Tuesday, boosted by easing tensions in Ukraine and stellar earnings reports.
U.S. stock-index futures pointed to a higher open on Tuesday, as global markets continued to rebound on waning Ukraine-Russia tensions.
*Home Depot climbs after earnings, outlook. NEW YORK, Aug 19- U.S. stock index futures advanced modestly on Tuesday, putting the S&P 500 on track for a second straight day of gains, after solid earnings from Home Depot and ahead of data on inflation and the housing market.
Wall Street's upbeat performance overnight, helped by a subside in geopolitical tensions, elevated Asian bourses to fresh closing highs on Tuesday.
*London- listed shares drop 4 pct. MELBOURNE, Aug 19- The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities. BHP's London- listed shares fell 4 percent.
*BHP UK shares drop 4 pct. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
BHP Billiton on Tuesday said it planned to create a new global metals and mining company based on a selection of its aluminium, coal, manganese, nickel and silver assets.
*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.
Ben Kumar, fund manager at 7 Investment Management, and Yannick Naud, portfolio manager at Sturgeon Capital, discuss the move by BHP Billiton to create a new global metals and mining company.