MARKETS

Baker Hughes hit due to inflation and Russia invasion

OILFIELD services giant Baker Hughes made a net loss of US$839 million in the second quarter as inflation and impairments to its Russian operations hit hard.

Baker Hughes hit due to inflation and Russia invasion

  The US-based company posted its earnings overnight with a 2% fall on revenue to US$5 billion. Adjusted net income was US$114 million, up from US$83 million, however. Its US$839 million loss is...

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