BHP Billiton Reports $6.4bn Loss for 2015-2016 Fiscal Year
BHP Billiton reports a record loss for the past year
Melbourne - QNA
The world's top iron ore producer BHP Billiton on Tuesday posted a $6.4 billion loss for 2015-16, the first full-year statutory loss in the history of the Anglo-Australian company.
The results were due to a 31% fall in revenue to 30.1 billion, as well as a multibillion-dollar writedown in the value of some of its assets, the company said.
Last year's result saw the company make a profit of 1.9 billion. Its best annual result was profits of $23.6 billion in 2010-11. CEO of the company said that over the long-term, he remains objective over commodity prices, especially oil and Copper.
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Geneva - Muslimchronicle
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Sanaa - Muslimchronicle
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Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
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