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CNOOC Ltd, the listed arm of China National Offshore Oil Corp, said its net profit fell by 66 percent on a yearly basis to 10.38 billion yuan (.5 billion) during the first half of this year, while PetroChina Co Ltd posted a net loss of 29.98 billion yuan, compared with a net profit of 28.42 billion yuan in the previous year. The net loss at Asia's biggest refiner, China Petrochemical Corp (Sinopec), was 21.7 billion yuan compared with a profit of 32.2 billion yuan a year ago.
CT machines made by GE are displayed at a medical equipment exhibition in Shanghai on April 13.[Photo provided to China Daily]
Canada's Prime Minister Justin Trudeau. [Photo/Agencies]
COVID-19 has reaffirmed the US dollar's dominant role in the international monetary system. The dollar is the most important safe-haven currency in times of market panic. And the Federal Reserve performs as the lender of last resort, first by lowering the funding cost of its swap lines signed with five other central banks, then extending the dollar swap lines to nine more central banks in order to meet the surge in dollar liquidity.
California Governor Gavin Newsom on Thursday issued the statewide order that restricts residents' nonessential activities, two days after a "shelter in place" order was imposed in counties in the Bay Area of Northern California, affecting 7 million people.
来源：资阳报