BHP Billiton to sell US shale business

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Markets

Europe
The FTSE-100 finished yesterday’s session 0.07% lower at 7,318.88 whilst the FTSE AIM All-Share index was up 0.37% at 1,003.01. In continental Europe, the CAC-40 finished 0.52% lower at 5,087.59 whilst the DAX was down 0.82% at 12,065.99.

Wall Street
In New York last night, the Dow Jones ended the day 0.13% higher at 21,703.75, the S&P 500 added 0.12% to stand at 2,428.37 and the Nasdaq slipped 0.05% to finish the session on 6,213.13.

Asia
In Asian markets this morning, the Nikkei 225 was recently down 0.01% at 19,392.14 and the Hang Seng was 1.07% higher at 27,445.89.

Oil
In early trade today, WTI crude oil was 0.46% higher at $47.75 per barrel and Brent was 0.43% up at $51.88 per barrel.


Headlines

BHP Billiton to sell US shale business
Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is “actively pursuing options to exit.” Shareholder Elliott Management has campaigned for strategic changes at BHP including the sale of its shale operations. It comes as the company reported $5.89 bn (£4.56 bn) annual net profit.

Source: BBC News



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