Bloomberg Malaysia’s state oil company Petroliam Nasional Bhd. swung to profit in the final three months of 2021, due to a smaller impairment loss, higher earnings and elevated crude oil prices. Petronas posted net income of 13.4 billion ringgit ($3.2 billion) in the December quarter, versus a 1.1 billion ringgit loss a year earlier, the company said. Revenue climbed …

  Bloomberg Gazprom PJSC, the Russian state-controlled energy giant, is already in the process of settling a $1.3 billion debt due on Monday. The company wired the cash to the settlement bank, which will probably release the funds on March 4, a person familiar with the matter said, declining to be identified because the information is private. Gazprom also has …

Bloomberg Target Corp soared after unveiling a forecast for new profit gains on top of the pandemic-related boom that has already sparked robust growth. Operating profit will post a percentage increase in the low single digits this year, the retailer said, bucking Wall Street’s expectations that the closely watched number would decline. Target also predicted steady financial gains beyond 2022 …