BHP Sells $1.6 Billion Stake

PetroChina Co., Asia’s biggest oil producer, agreed to pay BHP Billiton Ltd. $1.63 billion for its holding in Woodside Petroleum Ltd.’s proposed Browse liquefied natural gas project in Western Australia.

Japanese Inflation Fastest in Two Years
03:47 - Japan's core consumer prices rose for a fourth month in April, the longest run of gains since mid-2015, helped by higher energy costs. AllianceBernstein Japan Portfolio Manager Masahiko Loo weighs in on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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