BHP is off to a good start by cutting dividends and targeting $1.8 billion of productivity gains in 2016, says Patersons Securities's Rob Brierley.
European stocks finished firmly in the red on Tuesday, as strong performances in oil, mining stocks and sterling failed to electrify markets.
BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump.
BHP Billiton CEO Andrew Mackenzie talks about his “exciting” plan to grow the value of the company, while commenting on the mining giant's balance sheet.
BHP Billiton CEO Andrew Mackenzie cites exceptional charges for the Samarco dam flood, the company's onshore U.S. business and some tax matters for the record $6.4 billion annual loss.
BHP Billiton CEO Andrew Mackenzie says the company would like to have “slightly lower debt,” while commenting on the strategic moves it has made in recent years.
BHP Billiton CEO Andrew Mackenzie talks about the current state of the commodity markets, with specific comment on China and iron ore.
Paul Renken, senior geologist and mining analyst at VSA Capital Limited, discusses the results from BHP Billiton and the commodities market.
David Stubbs, global markets strategist at JP Morgan Asset Management, discusses BHP Billiton's latest earnings and slowing economic growth in China.
Market will be focused on the miner's free cash flow sustainability, says Swiss Asia Capital Singapore's Juerg Kiener.
Iron ore prices will remain choppy through 2016, but are expected to rise steadily in the next two years, says Prestige Economics' Jason Schenker.
Asia markets will likely be searching for direction this week, while the Australian market will brace for another busy earnings week.
European equities closed mostly higher on Monday, despite a solid tick-up in oil prices and a strong performance from Europe's banks and miners.
The market for iron ore has been in decline since 2011, but things may be looking up for the steel-making ingredient.
Asia markets closed mixed on Thursday as investors digested fresh earnings reports and awaited the outcome of the Bank of Japan's two-day policy meeting.
BHP said the provision partly reflected uncertainty on when Samarco, its iron ore joint venture with Brazil's Vale, would restart.
The Nikkei rebounded from Tuesday's sell-off as most Asian markets waffled on Wednesday before key central bank decisions and major earnings reports.
Most Asia markets rose on Thursday, with Japanese shares advancing after reports suggested the government was preparing a sizable stimulus package.
Asia markets lost momentum on Wednesday, while Nintendo tumbled after reports the Japan launch of the highly popular "Pokemon Go" app was postponed.
The Samarco dam disaster forced BHP Billiton to miss its iron ore guidance for 2016, but the mining giant upped production in Australia.