BHP Reports Steep Fall in First-Half Net Profit

BHP Group reported an 86% drop in first-half net profit as it wrote down the value of its nickel operations and set aside more cash to cover costs associated with the 2015 Samarco disaster. 


 
Capital One Is Buying Discover Financial

The deal would combine two of the largest credit-card companies in the U.S. Discover has a market value of about $28 billion. 


 
Nvidia's Staying Power Is the $2 Trillion Question

The chip maker's AI momentum will depend on staying far enough ahead of competitors to keep pricing strong. 


 
SoftBank's $118 Billion Arm Problem

The Japanese firm may have limited time to solve the challenge presented by its stake in the thriving British chip designer. 


 
TikTok Faces EU Investigation Over Protection of Minors, Harmful Content

The social-media platform could be fined if European officials find it broke new online-content rules. 


 
BYD Shares Rise on Buyback Plan, More Luxury-Model Launches

BYD's Shenzhen-listed shares rose after the Chinese electric-vehicle giant's plans for more share buybacks and luxury-model launches. 


 
Chinese Travel Stocks Rise After Lunar New Year Break

China's travel stocks traded higher after government data showed robust domestic travel during the weeklong Lunar New Year break. 


 
Olam Group Says Audit Committee Has Found No Evidence of Fraud

Olam Group said an audit and risk committee has found no evidence to establish the allegations of a multibillion-dollar fraud by its Nigerian units. 


 
BlueScope Expects Slightly Lower Earnings in Fiscal Second Half

Australian steelmaker BlueScope Steel reported a 27% fall in first-half profit, reflecting weaker prices for its sales, and expects earnings to fall slightly in its second fiscal half. 


 
Air New Zealand Warns on Annual Profits as Conditions Deteriorate

Air New Zealand warned on annual profits as it grapples with weaker bookings than expected, higher costs and the impact of a global recall of hundreds of Pratt & Whitney jet engines.


(END) Dow Jones Newswires

02-19-24 1915ET