Business AM - BHP in for $US1b hit

Tuesday February 02, 2010
Morning Edition 
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BHP in for $US1b hit Barry FitzGerald 12:00AM | The aftermath of the global financial crisis is forecast to have wiped more than $US1 billion from BHP Billiton's December-half profit.

Stocks set to start in positive territory 8:45AM | Shares set to open higher after rebounds in the US and good results from oil giant Exxon. Plus, everything you need to know for the trading day ahead.

Rudd puts banks on notice as rate rise looms 8:55AM | Prime Minister Kevin Rudd says family budgets will be hurt if the Reserve Bank decides to increase interest rates.

Business News Wire 5:59AM Toyota to restart stalled US production 11:37PM Sweden forced Russian out of Spyker deal 8:34PM Russian economy shrank 7.9% in 2009 7:05PM French group PSA recalls 97,000 cars 6:43PM Gazprom nine-month net profit slides 36%
Comment & Analysis
Business has always been nervous of having its political donations made public.
Adele Ferguson
The big institutions that dominate the industry are putting profits ahead of performance.
Ian Verrender

Like so many government initiatives, there's little doubt the people behind the Green Start program had their hearts in the right place.!
Mark Hawthorne
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Markets
Around the Markets at 9:17AM EST, 2 Feb 2010
Dow Jones 10185.53 + 118.20 + 1.17%
Nasdaq 2171.2 + 23.85 + 1.11%
Hang Seng 20243.75 + 121.76 + 0.61%
NZ 50 3168.892 + 17.92 + 0.57%
CAC 3762.01 + 22.55 + 0.60%
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Business Videos
There's plenty happening this week, but nothing bigger than the RBA refuelling for another monetary mission.

Blogs Drilling company might have some more explaining to do at its annual meeting.
Scott Rochfort at

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