BHP makes $7.2bn pre-tax writedown on US shale assets
Mining giant BHP Billiton
Sydney - Arab Today
Mining giant BHP Billiton Friday said it expects to book a US$7.2 billion pre-tax writedown against the value of its onshore assets in the United States as tumbling oil prices hit shale gas.
The hefty impairment charge equates to US$4.9 billion after tax with the Anglo-Australian company blaming "significant volatility and much weaker prices" in the oil and gas industry.
It will also reduce the number of working onshore US rigs from seven to five in the March 2016 quarter.
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Buenos Aires - AFP
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Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
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Paris - Al Maghrib Today
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To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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