POST Online Media Lite Edition



 

Highlights: April 29 - May 5, 2019

Christian Fernsby |
The most interesting business stories that marked the last week.

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HighlightsThe most interesting business stories that marked the last week.[break]


New $450m gasoline complex under construction in Egypt

gasoline complexA high-octane gasoline complex is currently under construction with investments of $450m, Mahmoud El Shabory, head of Assiut Oil Refining Company (ASORC), announced....

Uganda’s fuel quality compliance jumps from 32 percent to 99 percent

Uganda oil pumpAdulterated fuel on the market has drastically reduced due to improved quality compliance, which now stands 99 percent, according to Uganda National Bureau of Standards....

European Commission giving €1 billion targeting specifically young farmers

Young European farmerThe European Commission and the European Investment Bank (EIB) launched a €1 billion loans package targeting specifically young farmers....

Anadarko to resume talks with Occidental on $38 billion bid

Anadarko PetroleumAnadarko Petroleum said it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid lodged in competition with an earlier bid from Chevron Corp....

NSF gives Provident investors more time to accept $1.68 billion hostile bid

Provident FinancialNon-Standard Finance (NSF) expressed “strong confidence” in its bid to buy Provident Financial on Monday, giving Provident’s investors more time to accept its 1.3 billion pound ($1.68 billion) offer....

Parker Hannifin to buy Lord Corp for $3.68 billion

Parker Hannifin CorpParker Hannifin Corp said it would buy privately held adhesives and coatings maker Lord Corp for about $3.68 billion in cash....

MIRA-managed consortium will acquire 50.04% stake in IGH for 1.8 bn euros

RWEIn mid-February, RWE acquired the majority shareholding in the Czech distribution system operator innogy Grid Holding (IGH) from innogy SE....

Sainsbury’s profits fell 41.6 percent

Sainsbury’sSainsbury’s profits fell 41.6 percent last year as the company struggled with restructuring charges and its attempted merger with Asda....

New Zealand unemployment rate falls to nearly 10-year low

New Zealand unemploymentUnemployment rate of New Zealand fell to 4.2 percent, close to its 10-year low, announced Statistics New Zealand....

Trump and Democratic leaders agree to spend $2 trillion on U.S. infrastructure

Larry KudlowPresident Donald Trump and Democratic leaders agreed to spend $2 trillion on U.S. roads, bridges, power grids, water and broadband infrastructure....

OOIL sells Long Beach terminal for $1.8 billion

Long Beach Container TerminalHong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion....

Volume of cyber attacks in UK increased over 140% in 2018

Small business ownerEsentire announced the release of its U.K. Threat Intelligence Spotlight, an inaugural report that details the unique threat landscape that small and medium enterprises must contend with in the United Kingdom (U.K.)....

Hong Kong Q1 GDP growth rate weakest since 2009

Hong Kong Q1 GDP growth rate weakest since 2009The Hong Kong economy advanced 0.5 percent year-on-year in the first quarter of 2019, slowing from a downwardly revised 1.2 percent expansion in the previous period, an advance estimate showed....

3M to buy Acelity and its KCI subsidiaries for almost $7 billion

3M3M announced that it has entered into a definitive agreement to acquire Acelity and its KCI subsidiaries worldwide....

DowDuPont Q1 adjusted earnings per share decreased 25 percent

DowDuPontGAAP earnings per share from continuing operations totaled $0.23 in Q1, a decline of 51 percent versus the year-ago period of $0.47....

HSBC Holdings plc Q1 profit before tax rose 30.7 percent

HSBC Holdings plcHSBC Holdings reported Friday that its first-quarter profit before tax rose 30.7 percent to $6.21 billion from last year's $4.76 billion....

Societe Generale Q1 profit fell 26%

Societe GeneraleSociete Generale first-quarter profit fell 26% over the first three months of the year, as challenging market conditions continued to hobble Europe’s banks....

Potato prices in Slovakia up by more than 50%

potatoesPotatoes in Slovakia have become more than 50% more expensive than last year, reports Eva Sadovská, analyst for the Slovak Farmers Association (SFD)....

Fiat Chrysler Automobiles Q1 adjusted EBIT decreased 29%

Fiat Chrysler AutomobilesFiat Chrysler Automobiles reported that its first-quarter adjusted EBIT decreased 29%, primarily from lower volumes partially offset by positive net pricing in North America....

TransCanada Q1 net income jumps to $1.004 billion

TransCanadaTransCanada Corporation announced net income attributable to common shares for first quarter 2019 of $1.004 billion or $1.09 per share compared to net income of $734 million or $0.83 per share for the same period in 2018....

Sinclair Broadcast to buy 21 regional sports networks from Disney in $10.6 billion deal

Sinclair BroadcastSinclair Broadcast Group will acquire the equity interests in 21 Regional Sports Networks and Fox College Sports, which were acquired by The Walt Disney Company in its acquisition of Twenty-First Century Fox....

Cuba and EU warn US after new sanctions against Cuba, US firms already target of suits

Rodrigo MalmiercaCuban Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, denounced the new measures imposed by the US Government against the island and highlighted Washington's international isolation....

Total in $8.8 billion deal with Occidental for Anadarko's Africa assets

TotalTotal said it had reached a binding agreement with Occidental to acquire Anadarko assets in Algeria, Ghana, Mozambique and South Africa for a consideration of $8.8 billion.... â– 


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U.S.: Pacific storm over west

 
An omega pattern aloft will support impactful weather across the Central U.S. this weekend.
 
 

Latest

U.S. drillers cut oil and gas rigs to 620
4.8 magnitude earthquake rattles New Jersey and New York
Rare species of wild bees discovered in Berlin
UK: Leicester City Council confirms ransomware attack after confidential documents leaked

NEWS

Finland extends border closure with Russia indefinitely

Russian nationals admit to illegally sending controlled aviation technology to Russia
Germany says Russia ‘very likely’ responsible for Baltic GPS disruptions
Singapore jails second defendant in laundering case
Taiwan earthquake deaths climb to 12
Czech police arrest 14 for drug smuggling
 

BUSINESS

Australia: East coast gas surplus expected in Q3 2024

Kuwait-Saudi rail link to be ready by 2028, says report
Cambodia approves investment projects worth $2.2 in Q1
Venice to charge day trip tourists 5 euros
Commission opens two in-depth investigations in solar photovoltaic sector
UK airports granted extensions to install cutting-edge security technology
 

Trending Now

Slovenia's economy expected to grow 0.9 pct in Q1

UK scientists win funding for 'cancer detecting' Lollipops

UK's competition watchdog to examine EDF buying GE's nuclear turbine unit

Gilmour Space launches Bowen Spaceport


POLITICS

UK Exports Minister visits Latin America to boost trade and unlock billions worth of exports

Argentina, Brazil in talks to reverse Bolivian gas pipeline amid shortage
Trudeau offers $6 billion to provinces to build housing
€1 billion Greek State aid measures to support renewable energy generation and storage projects
North Carolina reaches electric vehicle registration goals two years early
Colorado Energy Office launches tax incentive for geothermal electricity development and production
 

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Highlights 

99 Cents Only Stores to close all 371 stores

Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding

Saint-Gobain to acquire Bailey for $650 million


COMPANIES

99 Cents Only Stores to close all 371 stores

Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding
Lindsay announces agreement to acquire minority interest in Pessl Instruments
Saint-Gobain to acquire Bailey for $650 million
Farmers Mutual Hail to acquire Global Ag from AXA XL
Oar Resources signs deal to acquire Namibian prospecting licences
 

CAREERS

TerraPay names Marco Boldini as EVP and global head of governmental affairs

Farmers Insurance appoints John Griek as CFO
PA Media Group appoints Emily Shelley as new CEO
BioNTech appoints Annemarie Hanekamp as chief commercial officer
Ecobank Group strengthens leadership team
Veramed appoints Karen Curran as chief strategy officer
 

ECONOMY

Slovenia's economy expected to grow 0.9 pct in Q1

Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
UK house prices log unexpected fall
South Korea's FDI logs double digit growth in Q1
 

EARNINGS

Dollarama Q4 sales increased 11.3%

Conagra Brands Q3 sales decreased 1.7%
Liebherr finished 2023 business year with record revenue of €14,042 million
BlackBerry Q4 revenue $173 million
Levi Strauss Q1 revenues 8% lower
PVH Q4 revenue of $2.490 billion flat
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

FAO Food Price Index rises in March

Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
Analytical survey: Sales of agricultural lands in Ukraine up 50% in February
Decline in Norwegian seafood exports in Q1
Tanzania's first fishing harbor to be completed in 2025
 

LEADERSHIP

Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

HSBC pays penalties for alleged breaches of Consumer Data Right rules

Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

Buna channels, an unreal and beautiful part of Bosnia and Herzegovina

JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
Treyam, your premier lagoon destination in Saudi Arabia
San Francisco: SkyStar wheel on Fisherman’s Wharf to stay for another 18 months
 

SEA, LAND, AIR

2025 Chevrolet Equinox stands apart with fresh looks and capability

Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
Pagani Huayra R Evo, 900 hp from 770 Nm
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

reMarkable 2, monochrome tablet for your thoughts and your eyes

OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

India launches first home-grown gene therapy for cancer

UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
Pilot study shows ketogenic diet improves severe mental illness
Texas reports possibly U.S. first human case of bird flu linked to cattle
 

MEANTIME

SLAC completes construction of largest digital camera ever built for astronomy

Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole
Scientists on hunt for evidence of quantum gravity's existence at South Pole
Hydrogen train from Switzerland sets world record