PetroChina’s 2014 net profit slumps 17%
Chinese energy firm PetroChina said Thursday its net profit slumped 17 percent in 2014 from a year earlier as international crude oil prices plunged.
Global Investing
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ICBC profit falls for first time since ’09 on bad-debt charges
Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, posted its first quarterly decline in profit since 2009 as provisions for bad loans more than doubled.
Tsipras to sway leftist party on package of reforms
Greek Prime Minister Alexis Tsipras will attempt to sell a package of economic reforms demanded by creditors to his leftist party in the next few days, reports said on Wednesday.
Bob Diamond’s Atlas Mara reports $63m loss for first full year
Robert Diamond’s Atlas Mara Ltd. said it’s seeking to expand through further financial-services purchases in sub-Saharan Africa after reporting a loss in its first year.
Google hires Morgan Stanley’s Ruth Porat as new CFO
Google Inc. said it hired Ruth Porat, Morgan Stanley’s chief financial officer, to succeed Patrick Pichette as its new CFO in May.
Eurozone business activity highest in four years
Eurozone business activity hit a near four-year high in March as the 19-country currency area’s modest economic activity continued despite concerns over the Greek debt crisis.
Singapore vs Saudi Arabia: The top winning economies of 2015
At least 36 economies are expected to see a surplus in their current accounts thanks to trade in goods and services. Singapore tops the list with Saudia Arabia seeing a sharp decline in its GDP.
Shares surge to best week in two years, QE spark creates roaring fire
The Biznews Global Share Portfolio is on a rip. Then again so is pretty much every sensible constructed share portfolio, not just those focused abroad.
Naspers’s 34%-owned Tencent profits surge, mkt cap passes R2trn
Tencent shares rose to a new high, valuing the company at around half South Africa’s annual GDP, pushing Naspers’s stake to R680bn, 95% of its market cap.
Tsipras strikes defiant tone with ‘Wall of Dignity’ for Greeks
Prime Minister Alexis Tsipras struck a defiant tone over Greece’s bailout ahead of a meeting in Brussels with European leaders, a stance broadly supported by the cash-strapped country’s citizens.