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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Japan’s five-year debt auction on Wednesday will be the first test of the market’s appetite for new government bonds since Prime Minister Shigeru Ishiba said he will step down.
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A former Colorado resident and two investment adviser firms he controls agreed to pay the Securities and Exchange Commission a $1 million penalty to settle claims he and the firms misled investors and reaped millions in ill-gotten gains.
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Gil Luria, D.A. Davidson’s head of technology research, breaks down Oracle’s first-quarter earnings report and forecast on “Bloomberg The Close.” Oracle’s cloud infrastructure revenue increased 55% to $3.3 billion, while analysts anticipated a 53% expansion. Profit, excluding some items, was $1.47 per share compared with the $1.48 average estimate.
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