Oil Prices Hurt Currencies

Crude oil’s worst run in four months is hurting more than just commodity traders. Currencies from the Norwegian krone to Brazil’s real are tumbling as investors revise economic growth expectations for petroleum-exporting nations. Mexico’s peso slumped to its weakest since a 1993 revaluation, while the Canadian dollar fell […]

Halliburton Profits Fall

Halliburton Co.’s profit tumbled in the last quarter after a yearlong crude-market crash forced customers to slam the brakes on oilfield work. The world’s largest fracking-services provider said second-quarter net income fell to to $54 million, or 6 cents a share, from $774 million, or 91 cents, a […]