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Supercomputers deliver $500mn savings for BHP

  Bloomberg Supercomputers that create 3-D seismic maps of BHP Billiton Ltd.’s oil and gas assets are accelerating work to bring new fields into production and have already notched savings of $500 million in development costs at a project in the Caribbean. The computers are among initiatives aimed at using technology such as drones and robot drills to cut operating ...

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Line posts profit as monthly active users go up

  Bloomberg Line Corp. posted a profit in its first earnings report since ushering in the year’s biggest technology debut, as monthly active users rose just 4 percent to 220 million. Japan’s largest mobile messaging service announced 2.56 billion yen ($24.3 million) of net income in the six months through June, from a loss of 5.3 billion yen a year ...

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Chinese banks with global dreams eye ME mega bonds

  Bloomberg Bank of China Ltd. is heading down the old Silk Road marketing new goods: Debut bonds from Saudi Arabia to Kazakhstan. In its biggest-ever foray outside Asia, the state-controlled lender is said to have landed three mandates to co-manage emerging-market Eurobonds, including the Saudi government’s international sale. China’s fourth-largest lender is one of nine underwriters hired by the ...

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