Funding & Business
PetroChina Profit Slips From Record After Oil Prices Tumble
PetroChina Co.’s profit fell from a record in the first half as crude prices dropped and domestic oil demand flat-lined.
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The Zambian government refuted an independent estimate of how much toxic acid spilled from a Chinese state-owned copper mine in the southern African nation in February, and said a cleanup had begun.
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Embraer SA signed its first US customer for the newer generation of its E2 jet, with Houston-based Avelo Airlines agreeing to purchase 50 units of the aircraft.
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Dan Ives of Wedbush Securities talks about Apple’s newest iPhones and why he says they can’t raise prices significantly. He also talks about Apple CEO Tim Cook’s relationship with President Donald Trump. (Source: Bloomberg)
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