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Pipeline incident, weaker oil hits Rosneft profit

Bloomberg Rosneft PJSC’s second-quarter net income fell as the Russian giant suffered the effects of weaker oil prices and production cuts, but the decline was less severe than analysts expected. While the results show the impact on Rosneft of the Druzhba crisis, in which millions of barrels of exports to central Europe via the Soviet-era pipeline were contaminated with chemicals, ...

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JSR set to resume exports to S Korea

Bloomberg JSR Corp., one of the Japanese materials makers hit by government restrictions on exports to South Korea, has received a permit to resume shipments, according to a person familiar with the matter. The Tokyo-based maker of photo-resist, a light-sensitive liquid used by semiconductor manufacturers to imprint circuits on silicon wafers, was granted the license on Monday, the person said, ...

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India’s unemployment hits 45-year high

Bloomberg India’s jobs scene — with unemployment at a 45-year high — is looking gloomy with hiring activity slowing across most sectors. Banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace, according to the study by Care Ratings Ltd. that relied on annual reports for the year ended March from nearly 1,000 ...

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