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PetroChina Co Ltd

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  • RIO DE JANEIRO, Jan 29- Brazilian state-run oil company Petroleo Brasileiro SA plans to raise $3 billion from asset sales in 2015, according to a presentation of its unaudited third-quarter financial results on Thursday.

  • Simmering tensions over the issue spilled into public view on Wednesday, when U.S. business lobbies urged Beijing to postpone implementing new policies to make China's finance sector more dependent on domestic technology. In a letter to China's Central Leading Group for Cyberspace Affairs, chaired by President Xi Jinping, a group of U.S. business...

  • RIO DE JANEIRO, Jan 28- Brazil's Petrobras released unaudited third-quarter results on Wednesday after months of delays, but the state-run oil company left investors in the dark over the financial impact of a multibillion-dollar corruption scandal. Petroleo Brasileiro SA, as Petrobras is formally known, reported a net profit of 3.09 billion reais, down about...

  • RIO DE JANEIRO, Jan 28- Brazil's Petrobras reported a third-quarter unaudited net profit on Wednesday of 3.09 billion reais after its board said it was impractical to estimate the value of expected charges against earnings related to a corruption scandal. Petroleo Brasileiro SA, as the state-run oil company is formally known, said it was exploring ways to...

  • BRASILIA, Jan 27- Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term. Rousseff pressed the need to clean up the government's overdrawn accounts by reining in waste and doing more with less, a change of economic policy that...

  • China stocks edge up, Hong Kong can't gain traction Sunday, 25 Jan 2015 | 11:43 PM ET

    SHANGHAI, Jan 26- China stocks edged up on Monday but gains were capped by selling in financials, while fears of instability in Europe weighed on shares in Hong Kong. Hong Kong's Hang Seng index dropped 0.1 percent, to 24,819.61, and the Hong Kong China Enterprises Index lost 0.7 percent, to 12,179.24, falling for the first time in four days as investors booked...

  • *Company plans to cut investment 30 percent, Globo says. RIO DE JANEIRO, Jan 22- Brazilian state-run oil company Petrobras will take a charge of about 10 billion reais in its delayed third-quarter results to write down overvalued assets, the O Globo newspaper reported on Thursday, citing an unnamed government source. The company's board will meet on Jan. 27 to...

  • BRASILIA, Jan 21- State-run Brazilian oil producer Petroleo Brasileiro SA does not need to curtail its multibillion-dollar investment plan because of a growing corruption scandal, Mines and Energy Minister Eduardo Braga told Reuters on Wednesday. As a result, company officials said in December they expect to cut back a five-year $221- billion investment...

  • SHANGHAI/ BEIJING, Jan 21- China's first stock options will launch next month with limited access to investors due to their risky nature, but their gradual rollout may benefit the real market. The China Securities Regulatory Commission will allow investors to trade only options that track the SSE50 index of the 50 biggest firms on the Shanghai bourse in the...

  • BEIJING/ YANGON, Jan 20- A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources said. The finished development should help ease China's reliance on shipments via the narrow and...

  • RIO DE JANEIRO, Jan 19- Three workers were seriously hurt in an explosion on Sunday at Petrobras' 323,000- barrel-a-day Landulpho Alves Refinery outside the northeastern city of Salvador, the second serious accident at Brazil's second-largest refinery in a week. The union will stage a wildcat protest strike until Tuesday morning, Cedro Silva, a director of...

  • *Workers suffered burns to 10-75 percent of bodies. RIO DE JANEIRO, Jan 19- Three workers were seriously hurt in an explosion on Sunday at Petrobras' 323,000- barrel-a-day Landulpho Alves Refinery outside Salvador, Brazil, the second serious accident at Brazil's second-largest refinery in a week. Petroleo Brasileiro SA, as state-run Petrobras is formally...

  • RIO DE JANEIRO, Jan 14- Brazil's Petroleo Brasileiro SA expects to release unaudited third-quarter financial results on Jan. 27 after a scheduled meeting of its board of directors, the state-run oil company said Wednesday in a statement. Petrobras, as the company is known, had previously said it will release the results by the end of January.

  • RIO DE JANEIRO, Jan 14- Brazilian police early on Wednesday arrested another former executive at state-run oil company Petroleo Brasileiro SA after prosecutors accused him of continued involvement in corruption and money laundering. Nestor Cervero, former international director of the company known as Petrobras, was detained at Rio de Janeiro's...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Jan 13- The rise in China's imports of crude oil above 7 million barrels per day for the first time looks impressive, but is it likely to be sustained? In a rare announcement, China said on Nov. 20 it had filled the first phase of its strategic petroleum reserve, which holds about 91 million barrels, enough for...

  • RIO DE JANEIRO, Jan 8- Brazil's state-run oil company said on Thursday it produced more crude oil and related liquids in the third quarter than Exxon Mobil Corp, making Petroleo Brasileiro SA the world's largest publicly traded petroleum producer for the first time. That output was 7 percent more than the 2.065 million bpd Exxon produced in the same quarter,...

  • BEIJING, Jan 7- Tumbling world oil prices sparked a buying spree by China that led to record crude imports in December, according to Reuters estimates that suggest the top energy consumer doubled the oil put aside for strategic reserves in 2014 compared with 2013.. The figures indicate that thanks to the doubling of surplus oil in its system last year, China is...

  • China stocks steady on strong brokerages, HK gains Tuesday, 6 Jan 2015 | 11:54 PM ET

    SHANGHAI, Jan 7- China stocks were steady on Wednesday, with brokerage shares strengthening after the regulator said it planned to relax rules for securities firms to set up subsidiaries and on background requirements for shareholders. "This indeed has a positive impact on the brokerage sector," said Zhang Gang, analyst at Central China Securities in Shanghai.

  • RIO DE JANEIRO, Jan 6- Brazil's state-run oil company, Petroleo Brasileiro SA, said on Tuesday it had completed talks with "bilateral" government creditors on the release of third-quarter financial results that have been delayed by a corruption scandal. On Dec. 29, Petrobras, the most-indebted and least-profitable major global oil company, said it would deliver...

  • RIO DE JANEIRO, Jan 6- Brazil's Petrobras completed talks with creditors about the release of its delayed unaudited third-quarter financial results, the state-run oil company said in a securities filing on Tuesday. Under the agreement, Petroleo Brasileiro SA, as Petrobras is formally known, will be able to deliver its results by the end of January as the company...