Stories for August 12th 2016

Friday, August 12th 2016 - 07:08 UTC
Petrobras Q2 profit tumbles by a third; massive debt condition performance

Brazil's Petrobras reported second-quarter profit that fell by nearly a third from a year earlier, missing expectations as oil prices fell and it took charges for layoffs and the impairment of a refinery. Petrobras said net income fell 30% to 370 million Reais (US$118 million) in the three months ended June 30 compared with a profit of 531 million Reais a year earlier.

Petrobras Q2 profit tumbles by a third; massive debt condition performance