24.02.2016 - Amid Commodities Gloom, a Few Bright Spots Emerge
Commodities have been an unloved asset class for a while, but some have had a pretty good year so far. Not that you’d know it from listening to those who produce or trade the world’s metals. On Tuesday, mining giant BHP Billiton announced a $5.67 billion first-half loss and said it would slash its dividend, arguing that the current period “of weaker prices and higher volatility will be prolonged.” Singapore-listed trader Noble Group Ltd. meanwhile cut its long-term forecast for coal prices, blaming weaker growth in China and the broad trend away from using coal as an energy source. The company also issued a profit warning, saying it expects to report a net loss for the fourth quarter...............................................Full Article: Source
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