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President obama justifies actions saying time is up in mosul. Today, with our support, iraqi and Kurdish Forces took a major step forward by recapturing the largest dam in iraq near the city of mosul. And authorities in missouri say police came under heavy gunfire overnight as a peaceful demonstration against the shooting of a black teenager turns violent. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. So a very good morning, everybody. Lets talk a little bit about this bhp billiton story. Unlocking value, but for who . Bhp billiton shares as the mining giant announces it will spin off 14 billion worth of assets into a new company to be listed in australia. It comes as bhp posts full year underlying net profits of 13. 5 billion. Thats up 10 on the year. Well, lets catch up now with john wilson. Well speak to him as he comes good. But meanwhile, i want to fill you in on the mollermaersk story. After the shipper delivers a 1 is billion buyb

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