Funding & Business
Boeing Slows Cash Outflow, Delivers More Aircraft in 2Q
Boeing managed to slow a cash outflow in the second quarter, consuming just $200 million in the three months, and reported a smaller-than-expected loss for the quarter as well as revenue that beat estimates. Brooke Sutherland reports on Bloomberg Television. (Source: Bloomberg)
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Angola faces mounting debt risks as oil revenue drops and external borrowing costs increase, the International Monetary Fund said.
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Abu Dhabi National Oil Co. is considering lining up more than $10 billion in debt financing from local and international banks as it moves forward with its roughly $19 billion pursuit of Australian fossil fuel producer Santos Ltd., according to people familiar with the matter.
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As the oil market moves closer to a long-anticipated glut, traders are closely watching buying from China to see if it will absorb an excess that the world’s crude producing nations are set to pump.
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