YPF thuds to loss on impairment

Argentina state oil company YPF took a major 36.2 billion peso ($2.42 billion) writedown in the quarter on expectations that the country will slash its long-subsidised crude-oil price.

YPF loss: Company takes major write-off
YPF loss: Company takes major write-off
Published 8 November 2016, 21:56Updated 8 November 2016, 22:00
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