PetroChina Net Profit Up 12.1% in Q1

Chinese oil giant PetroChina reported a 12.1 percent year-on-year increase in its net profit in the first quarter.Net profit attributable to the parent company reached 43.62 billion yuan (about 6.3 billion USD) in the first three months, the company sa…

US Stocks End Lower

US stocks ended sharply lower on Tuesday.The SandP 500 lost 48.82 points, or 1.17%, to end at 4,119.05 points, while the Nasdaq Composite lost 132.49 points, or 1.11%, to 12,077.29.The Dow Jones Industrial Average fell 365.40 points, or 1.09%, to 33,68…

Summary of Local News Released Tuesday

Here is a summary of local news released Tuesday: – HH the Amir Sheikh Tamim bin Hamad Al-Thani sent a cable of congratulations to HE Santiago Pena on the occasion of his election as President of the Republic of Paraguay, wishing him success and the re…