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PetroChina Co Ltd

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  • SHANGHAI, Nov 28- China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months. The People's Bank of China fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix. Chinese oil firms- mainly PetroChina and Sinopec Corp- are primary dollar...

  • S&P 500 slips as crude oil sinks Friday, 28 Nov 2014 | 12:29 AM ET

    LONDON— Oil stocks weighed on markets around the world Friday as crude prices hovered around four year lows in the wake of OPEC's decision to keep production steady. KEEPING SCORE: In Europe, France's CAC 40 was down 0.3 percent at 4,370 while Germany's DAX fell the same rate to 9,943. The FTSE 100 index of leading British shares was 0.4 percent lower at 6,698. Wall...

  • SAO PAULO, Nov 26- Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years. That way, he hopes to gather as much information as possible before the case goes to the Supreme Court, which under...

  • *China secretive on reserves, but target may be 90 days. BEIJING/ SINGAPORE, Nov 26- China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world's top energy consumer takes advantage of a dive in prices to strengthen its position in the global oil market. Based on data compiled by industry and...

  • *China secretive on reserves, but target may be 90 days. BEIJING/ SINGAPORE, Nov 26- China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world's top energy consumer takes advantage of a dive in prices to strengthen its position in the global oil market. Based on data compiled by industry and...

  • LAUNCESTON, Australia, Nov 26- China has done two surprising things in oil markets recently; pledging to be more open about its strategic stockpiling and buying crude very openly in the daily trading window in Singapore. Since 2009, China has tended to boost crude purchases when it judges prices to be cheap on a relative basis. The bulk of these extra purchases...

  • RIO DE JANEIRO, Nov 25- Brazil's state-run oil firm Petroleo Brasileiro SA said on Tuesday its board had approved the creation of a new role of Director for Governance, Risk and Compliance, as the firm battles with allegations of corruption.

  • SAO PAULO, Nov 25- When Brazilian President Dilma Rousseff first considered replacing Finance Minister Guido Mantega two years ago, a top aide confided that any good candidate for the job would have to meet two requirements. Levy, an executive at local bank Bradesco SA, is seen by most investors as a strong choice to try to restore confidence after four years of...

  • Nov 25- Hong Kong shares inched down on Tuesday as investors turned cautious and consolidated positions after gains spurred by China's surprise lending-rate cut. Energy shares, including index components PetroChina and Sinopec, led losses as prices of U.S. crude and Brent fell ahead of an OPEC meeting this week. Mainland China investors' interest in Hong Kong...

  • *Hong Kong indexes down on consolidation, caution. SHANGHAI, Nov 25- Shanghai's stock index reached a multi-year high on Tuesday as investors remained optimistic that China shares will get more policy support following the central bank's surprise cut in lending rates. However, Hong Kong shares were down at midday.

  • RIO DE JANEIRO, Nov 24- Brazil's state-run oil firm Petroleo Brasileiro SA said on Monday it had received a subpoena from the U.S. Securities and Exchange Commission asking for documents relating to an investigation it is pursuing. Petrobras did not provide details as to what documents the SEC had requested. The SEC investigation adds one more strand to a...

  • SAO PAULO/ BRASILIA, Nov 21- President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo...

  • CURITIBA, Brazil, Nov 20- In a country where big court cases often drag on for a decade or more and abruptly fall apart on technicalities, the man leading a bribery probe at Brazil's state-run oil firm Petrobras is described by allies and even rivals as perfectly suited to the task. Moro, 42, is now pushing forward a case that has already seen dozens of arrests of major...

  • BRASILIA/ SAO PAULO, Nov 20- The chief executive of Brazilian bank Bradesco SA will not be the country's next finance minister, a government official told Reuters on Thursday, after two local newspapers reported he turned down the job in a major setback for recently re-elected President Dilma Rousseff. Since winning a runoff vote on Oct. 26, Rousseff has yet to name...

  • China stocks fall on profit-taking, slide in oil prices Wednesday, 19 Nov 2014 | 2:05 AM ET

    SHANGHAI, Nov 19- China stocks ended lower on Wednesday, pulled down by continuing profit-taking on large-cap stocks and pressure on energy counters as global oil prices keep sliding. The CSI300 index of the largest listed companies in Shanghai and Shenzhen also declined 0.2 percent. Media companies, bucking the trend, were buoyed by news a firm controlled by...

  • Hong Kong, China shares fall as large caps weaken Wednesday, 19 Nov 2014 | 12:07 AM ET

    HONG KONG/ SHANGHAI, Nov 19- Hong Kong and mainland Chinese shares eased on Wednesday, pressured by profit-taking in large-cap stocks and further pressure on energy counters as oil prices extended their slide. The China Enterprises Index of the top Chinese listings in Hong Kong also dropped 0.3 percent. Hong Kong shares fell for the third consecutive day after...

  • SAO PAULO, Nov 18- A graft investigation at Brazilian state-run oil company Petroleo Brasileiro SA is hurting the credit outlook for major suppliers accused of participating in the alleged bribery scheme, Moody's Investors Service said on Tuesday. Moody's downgraded its rating of Mendes Junior Trading e Engenharia SA to B3 from B2 and put a negative outlook...

  • SAO PAULO, Nov 18- Brazil's President Dilma Rousseff is politically responsible for a growing money-laundering and bribery scandal at state-run oil company Petroleo Brasileiro SA, although she was probably not personally involved enough to justify impeachment, the main opposition party's leader in the Senate said. Aloysio Nunes of the centrist Brazilian...

  • RIO DE JANEIRO, Nov 17- Brazil's state-run oil company Petroleo Brasileiro SA vowed on Monday to fully investigate a graft scandal that has knocked its shares lower and saddled President Dilma Rousseff's government with its biggest political crisis. That raises the prospect of a long period of uncertainty for a company that was once the crown jewel of...

  • RIO DE JANEIRO, Nov 17- Brazil's state-run oil company Petroleo Brasileiro SA vowed on Monday to fully investigate a money-laundering scandal that has rattled the company's shares and caused the biggest crisis to date for President Dilma Rousseff's government. In her first public comments since a former Petrobras executive was arrested in connection with...