Bloomberg Total SA’s second-quarter profit fell short of estimates as the price of natural gas and oil dropped, while record hydrocarbon production and continued cost cuts boosted cash flow. Adjusted net income was almost a fifth lower than a year earlier, but cash flow rose and the French giant went ahead with a planned share buyback. While trade tensions and …

Bloomberg America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon. Three months ago, when Helmerich had 220 of its rigs hired out, CEO John Lindsay told investors second quarter would be nadir for his fleet. But after the number of Helmerich rigs …

Bloomberg The Bank of Russia reduced interest rates for a second time this year and signalled more cuts to come, as inflation and economic growth slow. The key rate was cut to 7.25 percent from 7.50 percent, according to a statement. The move was forecast by all but one of the 40 economists polled in a Bloomberg survey, with the …