POST Online Media Lite Edition



 

Highlights: August 22 - August 27, 2016

Staff Writer |
The summary of the last week's key headlines and the most interesting stories.

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Busy Brits scramble for breakfast, drinks sales up 73.5%

Fewer people in the UK are skipping the first meal of the day, with 147 million additional breakfasts tucked into in the year to June 2016 compared to the previous year....

58.com Q2 total revenues increased 86.7%

58.com, China's online market place serving local merchants and consumers, reported its unaudited financial results for the second quarter ended June 30, 2016....

Qatar-U.S. trade value jumps 46% in H1

Despite facing falling energy prices and economic slowdown, the value of Qatar-U.S. bilateral trade in goods during the first half of this year jumped to QR15.58bn ($4.28bn)....

Mexico exports 22.7% more tomatoes in five months

The Mexican exports of fresh or refrigerated tomatoes were worth 1,094 million dollars between January and May 2016....

Medivation shares surged after $14bn deal with Pfizer

Medivation shares surged in pre-market trade after the biopharmaceutical firm agreed to be bought by Pfizer for $81.50 a share in cash, or a total enterprise value of about $14bn....

Alimentation Couche-Tard to buy CST Brands for $4.4bn including debt

Alimentation Couche-Tard will acquire CST Brands in an all-cash transaction for $48.53 per share, with a total enterprise value of approximately $4.4 billion including net debt assumed....

Japan to spend extra $45 billion on economic stimulus package

Japan plans to spend additional $45 billion to prop up its economy under a second extra budget for fiscal 2016....

Zoe's Kitchen Q2 restaurant sales $66.2 million

Zoe's Kitchen reported financial results for the second quarter ended July 11, 2016. Restaurant sales were $66.2 million, an increase of 21.7% from Q2 2015....

Chinese firm to invest $819m in South African car industry

A Chinese state-owned car manufacturing company will invest 11 billion rand ($819 million) in a new plant in South Africa, giving a further boost to one of the fastest-growing industries....

Dubai World Central passenger traffic jumps 95% in H1

Passenger traffic at Dubai World Central (DWC) jumped by 95.4 per cent in the first six months of the year on the back of flydubai’s operations....

Ireland's rents now higher than 2008 peak

The report from daft.ie, Ireland's biggest property website, said the average rent nationwide has risen by 39.7 percent since bottoming out in late 2011 and has for the first time exceeded its 2008 peak by 0.8 percent....

Petronas Q1 cash flows increased 64 percent

Petronas has recorded RM17.7 billion in earnings before interest, tax, depreciation and amortisation (EBITDA), an improvement of 14 percent from the first quarter of 2016. ...

China's Silk Road powers bids for $1.5 billion Pakistan utility stake

Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, Reuters reports....

Pfizer to buy antibiotics business from AstraZeneca

AstraZeneca has agreed to sell its small molecule antibiotics business to Pfizer in a deal that could be valued at more than $1.5 billion....

PDC Energy to buy two companies for $1.5 billion

Oil and gas producer PDC Energy said it would buy two privately held companies for about $1.5 billion to add acreage in the Delaware Basin in Texas....

Vietnam export to China skyrockets 218%

According to a report by the Vietnamese customs main bureau, the Vietnamese fruit and vegetable export to China increased with over 218% in the first half of 2016....

Canadians spend more on taxes than on basic necessities

The average Canadian family spends more on taxes than on housing, food and clothing combined, according to the Fraser Institute....

U.S. new home sales in July highest in nearly nine years

Sales of U.S. new homes rose in July to the highest level since October 2007, as the U.S. housing market enjoyed a stable growth this year....

Dollar Tree Q2 net sales increased 65.9%

Dollar Tree reported results for its second fiscal quarter ended July 30, 2016. Net sales increased 65.9% to $5.00 billion from $3.01 billion in the prior year's second quarter....

Mylan offers discounts on EpiPen after wave of criticism

Mylan said it is taking immediate action to further enhance access to EpiPen Auto-Injector by expanding already existing programs....

All Nippon Airlines grounds Dreamliners thanks to Rolls-Royce engines

Japanese airline All Nippon Airlines (ANA) is grounding Dreamliner flights because of issues with the aircraft’s Rolls-Royce engines....

CRRC new overseas orders amounted to $2.24 billion

CRRC Corp., China's largest rail transportation equipment maker, saw its overseas orders more than double in the first half of 2016 despite the lackluster world economy....

Splunk Q2 total revenues increased 43%

Software provider Splunk announced results for its fiscal second quarter ended July 31, 2016. Total revenues were $212.8 million, up 43% year-over-year. ...


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