| The widespread rout in commodity prices threatens to slash BHP Billiton’s earnings if there is no rebound, according to new research. Investment bank UBS says earnings this year at the nation’s biggest company will come in 30 per cent below the bank’s original forecast if commodity prices stay at current levels.
Iron ore suffered its biggest one-day price fall on record overnight Wednesday, plunging a head-spinning 10.1 per cent to $US44.59 a tonne. The key steelmaking ingredient — Australia’s biggest export earner — is at its lowest price since the daily spot price began being tracked in mid-2009...............................................Full Article: Source
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