(Bloomberg) --China's fear of dependence on foreign suppliers means its biggest oil company plans to be the world's top-spending driller this year, even as it says the nation's demand for crude is plateauing.
PetroChina Co. plans 239 billion yuan ($37 billion) in annual capital expenditure, the company said Thursday in its annual results. That's more than global majors including Saudi Arabian Oil Co., Exxon Mobil Corp. and Royal Dutch Shell Plc, who're trimming spending as they handle the fallout of the coronavirus pandemic on oil prices and fuel demand.
In case you are keeping track:
RTS, transit companies calling for more funding in NY's budget | WHAM
Defense Business Brief: Biden budget preview next week; UK boosting spending; Tough choices; and
The Biden administration is expected to preview its fiscal 2022 budget proposal next week where we should see some overarching spending themes. This is in advance of the White House sending its formal budget proposal to Congress, which is expected in early May. The Pentagon's share of that budget is expected to come in at between $704 and $708 billion — roughly the same allotment approved by Congress this year.
How does America's closest ally feel about that? "Don't beat yourselves up. Flat on a heck of a lot is still a heck of a lot. We would love to have that problem," James Heappey, the British armed forces minister, said on a Monday conference call.
Three's company: All state budget targets are set – Finance & Commerce
In case you are keeping track:
Trace announces $8M seed to help companies coordinate budgets – TechCrunch
Trace , an early startup that wants to bring a taste of SaaS to the finance side of the house, announced an $8 million seed round today led by Greylock and Uncork Capital with participation from Nyca Partners, Redpoint Ventures and various individual angels.
Mike Gonzalez, co-founder and CEO at the company describes Trace as the first service designed specifically for finance teams to interact with the rest of the business and involves budgeting, accounting, procurement and other tasks. “What Trace is really building is an all-in-one platform where financial decisions are made, and people can work with finance to get work done,” he explained
$10M budget approved for Randolph Co. | News, Sports, Jobs - The Intermountain
ELKINS — The Randolph County Commission unanimously approved a $10,005,502 budget for the 2021-2022 fiscal year during a special meeting Friday morning at the James Cain Courthouse Annex.
“For the first time in a long time, we saw a decrease in our property tax revenue,” Randolph County Commissioner Mark Scott said. “The reason behind that was because one of our utilities were bought out by another company and those utilities were reevaluated, and when that happened Randolph County took a $74 million reduction in the values of our utilities. Which meant a reduction of about $440,000 in revenue from that particular company.”
Ontario budget boosts COVID aid for small business, tourism industry | The Star
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It won’t make them rich, but small business owners struggling because of COVID say new financial aid from the Ontario government just might help them keep the lights on.
In his first budget on Wednesday as Ontario’s finance minister, Peter Bethlenfalvy announced that small businesses that had already received a $10,000 to $20,000 grant because of COVID would soon be receiving a second payment of the same size. He also announced a new grant program specifically for businesses in the hard-hit tourism sector.
Vizio slumps in market debut, starts trading at $17.50
Vizio , one of the top sellers of high-definition TVs in the U.S., held its New York Stock Exchange debut on Thursday as the company lures investors for its battle with Roku , Amazon and Google in the fast-growing streaming market.
Shares of Vizio slumped 9% in trading, closing at $19.10 per share. The company's stock opened at $17.50 apiece. Vizio priced 12.25 million shares at $21 apiece, which was the low end of its range, valuing the company at about $3.9 billion.
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