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 ...

Bloomberg Berkshire Hathaway’s stake in Bank of America (BofA) crept above 10 percent, crossing a threshold that’s caused the conglomerate headaches in the past, as the bank bought back its own stock. Berkshire said in a regulatory filing that it owned 950 million shares in the lender, a holding that put it above a 10 percent ownership stake. The total ...