BHP eyes demand green shoots in China

Profit down: A man crossing a walkway bridge to BHP’s headquarters in Melbourne. A leading producer of metallurgical coal, iron ore, nickel, copper and potash, the multinational’s profit falls as it starts the sale of two Queensland coal mines. — AFP

MELBOURNE: Global miner BHP Group reports a steeper-than-expected 32% fall in first-half profit owing to a drop in iron ore prices, sending its shares down.

But despite this, it flagged a brightening outlook in China, its biggest customer.