Bloomberg PetroChina Co. reported steady net income in the first quarter as higher exploration and production earnings countered a slump in refining. Net income rose 1 percent from a year ago to 10.26 billion yuan ($1.5 billion), the company said in a statement to the Hong Kong stock exchange, using international accounting standards. Despite international oil prices averaging 5 percent ...

Bloomberg Losses by India’s power retailers are set to rise, reversing two years of declines they enjoyed since Prime Minister Narendra Modi’s government unveiled a plan to make the ailing utilities profitable. Combined losses by state distributors that signed up for the federal government’s reform plan in the first nine months of the fiscal year rose to about $3.4 billion, ...

Bloomberg Singapore’s Jungle Ventures has raised $175 million from investors including Temasek Holdings Pte for the first close of its third fund, according to people familiar with the matter. The firm is likely to exceed its original target of $200 million as it finishes raising money for the fund in the next few months, said the people, asking not to ...