Husky Energy Inc., a Canadian oil company controlled by Hong Kong billionaire Li Ka-shing, said second-quarter earnings declined 12 percent.
Net income fell to C$263 million ($166 million), or 64 cents a share, from C$299 million, or 73 cents, a year earlier. Revenue fell 4.2 percent to C$1.66 billion from C$1.73 billion, the company said in a statement issued by Canada Newswire.
Shares of Calgary-based Husky rose 42 cents to C$15.50 in Toronto yesterday. Li holds about two-thirds of the company's stock through Hutchison Whampoa Ltd. and family holdings.
Russia has left the list of 33 largest holders of US government bonds, after the country disposed of at least a third of remaining bonds