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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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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All rights reserved to Arab Today Media Group 2021 ©
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