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WASHINGTON, D.C.: Venezuela has agreed to pay a $2 billion settlement to US oil giant ConocoPhillips, to stop the seizure of the South American country’s assets, the American firm announced Monday (Tuesday in Manila). PDVSA, the country oil agency as soon as the crown jewel of Venezuela’s now imploding economy, will make initial bills ofПродолжить чтение «$2-B ConocoPhillips settlement authorized»

LAND Bank of the Philippines’ (LandBank) net income expanded by way of 5.4 percentage to P7.8 billion in the first half of 2018 from P7.4 billion within the identical duration remaining year on the back of its mortgage porfolio’s steady growth. In a assertion on Tuesday, the country-owned lender said revenues from loans grew byПродолжить чтение «LandBank H1 income grows 5.4% to P7.8B»

CARACAS: New banknotes stripped of five zeros entered circulation in Venezuela on Monday (Tuesday in Manila) as part of President Nicolas Maduro’s radical plan to reduce hyperinflation, but enterprise leaders branded the circulate as counterproductive. The usa regarded paralyzed. Most stores and organizations closed as Venezuelans reacted nervously to the issuing of the new “sovereignПродолжить чтение «Venezuelan enterprise leaders hit new banknotes»

SYDNEY: Mining massive BHP posted a 37 percentage hunch in annual net earnings Tuesday, harm by way of heavy impairment costs related to the sale of its US shale assets and prices related to the Samarco catastrophe in Brazil. The international’s biggest miner’s income got here in at $three.7 billion within the 12 months toПродолжить чтение «Mining massive BHP’s annual internet income sinks»