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Funding & Business

Russian Oil Majors Report Income Dip on Weak Price, Strong Ruble

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Russian oil producers’ profits dived in the first half of the year, driven down by lower crude prices and a stronger ruble.

Rosneft PJSC, the state-controlled giant accounting for more than a third of Russia’s total oil production, reported 245 billion rubles ($3 billion) of net income in the first six months of the year, down by over 68% from the same period in 2024, the producer said in a statement on Saturday.



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Funding & Business

China’s Stock Rally Is Met With Skepticism in Options Market

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While Chinese stocks traded in Hong Kong climbed for a fourth straight month, derivatives wagers show investors are skeptical about the market.



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SoftBank, Rakuten Tap Japan’s Booming Retail Demand for Bonds

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Sales of corporate bonds to Japan’s mom and pop investors are booming, on track to surpass last year’s record as bigger returns draw buyers looking to protect their savings from inflation.

Well-known names such as railway operator Keio Corp. and supermarket giant Aeon Co. are among those tapping the retail bond market, with the latter selling its debut retail bond on Friday.



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Funding & Business

Tame US Job Growth Expected in Approach to Fed Meeting

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Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high, adding to evidence of a more subdued labor market.

Economists project about 75,000 jobs were added, based on the median of a Bloomberg survey, while the jobless rate is seen at 4.3%. Four straight months of sub-100,000 payrolls growth would mark the weakest such stretch since the onset of the pandemic in 2020.



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