Bloomberg The pound gained for a second day as upbeat UK employment data buoyed investor sentiment that was already underpinned by optimism the nation will avoid a no-deal Brexit. Sterling rose above $1.29 as official data showed wage growth in Britain was the fastest since the financial crisis during the three months through November, while the unemployment rate declined to …

Bloomberg PetroChina Co brushed off a $1.5 billion writedown from the disposal of some assets as it estimated full-year net income more than doubled last year thanks to higher crude prices. China’s biggest oil and gas producer said net income could have jumped as much as 132 percent in 2018, according to a filing to the Hong Kong stock exchange, …

Bloomberg The Brazilian unit of EDP — Energias de Portugal SA plans on boosting investments once Latin America’s largest economy starts to recover, aiming to double in size by 2020. The firm, which began operating in Brazil during the privatisation wave of the 1990s, is “completely optimistic” with the outlook for the country, Chief Executive Officer Miguel Setas said in …