Tuesday, August 20, 2019

BHP boss Andrew Mackenzie says US China trade tensions not hurting commodities "just yet"; Seven West Media chief executive James Warburton inherits $444.5 million full year loss

BHP chief executive Andrew Mackenzie says the US China trade war is not yet hurting demand for its commodities. 

But Mr Mackenzie says a prolonged trade dispute could have an impact, warning that nationalism was getting in the way of capitalism. 

Also today, Seven West Media post a loss of $444.5 million in the full year with writedowns the value of its TV licence and newspaper mastheads. 

Chief executive James Warburton said all options were on the table and did not rule out a merger with a major player such as News Corporation.

Here's my coverage from The World Today

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