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U.S. oilfield services giant, Halliburton yesterday recorded a $1 billion loss on charges and cut its budget by 50%, largest yet among top energy companies. The move came as U.S. crude futures tumbled to lows not seen in two decades. The Houston-based firm registered a net loss of $1.02 billion in the last quarter, compared with a profit of $152 million in the corresponding quarter last year.
