What's Behind BHP Billiton's Disappearing Profits?

BHP Billiton Ltd., the world’s biggest mining company, reported full-year underlying profit declined 81 percent for the worst result since 2001 after raw materials tumbled to a 25-year low in January. Underlying profit was $1.2 billion in the year ended June 30, from $6.4 billion a year earlier, Melbourne-based BHP said Tuesday in a statement. That beat the $1.04 billion average estimate among 19 analyst forecasts compiled by Bloomberg. Bloomberg's David Stringer reports and Stanhope Capital Chief Investment Officer Jonathan Bell discusses with Bloomberg's Manus Cranny on "Countdown."

China's Worst Stocks Are Winning
43:40 - Everything old is new again. After being the worst performers for almost a decade, state-run enterprises are churning out raw materials and are back in vogue with investors. Bloomberg's Shery Ahn reports on "First Up." (Source: Bloomberg)
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