POST Online Media Lite Edition



 

Highlights: February 6 - February 11, 2017

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

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Rakuten to enable U.S. employees to work outside country if subject to Trump ban

Rakuten plans to enable U.S. employees to work outside the country if they are subject to President Donald Trump’s temporary U.S. entry ban, company officials said....

South Korea's electricity consumption rises on brisk chip production

Industrial electricity consumption in South Korea rose in the fourth quarter of last year as demand increased from the semiconductor sector, which led the country's growth in the quarter....

Newell Brands Q4 net sales increased 165 percent

Newell Brands announced the company has raised its normalized earnings per share outlook to $2.95 to $3.15, as compared with its previous guidance of $2.85 to $3.05....

A new, sophisticated way how to fill state budget - Croatian way

According to the Croatian financial agency Fina, 327.176 citizens and 30.900 companies had their accounts blocked at the end of 2016. You may say nothing spectacular if you wouldn't know that the agency is keeping their citizens' accounts blocked for more than a year - in order to invest their money - and fill its own account....

Trump: Any negative poll is fake news

President Donald Trump shrugged off recent polls showing that a majority of Americans disapprove of his executive order on immigration, claiming that the results represent "fake news."...

East Midlands farming revenue down 29% in just four years

For the East Midlands region total income from farming decreased by 29% between 2011 and 2015 to £406 million, compared to a 24% decrease for England as a whole....

Huge Norwegian shipping merger announced

Norwegian offshore service vessel (OSV) operators Farstad Shipping, Deep Sea Supply and Solstad Offshore announced plans to merge....

Siemens completes test of 3D-printed gas-turbine blades

Siemens has run a successful test of power generation gas turbine blades produced wholly by metal-based 3D printing by UK-based Materials Solutions, which it bought last year....

Germany opposes unilateral U.S. tariffs on imports

Chancellor Angela Merkel said she was opposed to unilateral steps to impose tariffs on imports, adding that should the new U.S. administration back such protectionist measures Germany would have to decide how to respond....

Fresh foot-and-mouth disease case confirmed in South Korea

A second foot-and-mouth disease infection was confirmed at a cow farm in South Korea just a day after the first outbreak was reported, the agriculture ministry said....

General Motors Q4 profit down nearly 71 percent

General Motors reported a nearly 71 percent fall in profit for the fourth quarter from last year, when results were boosted by a hefty gain....

U.S. sanctions against Iran put Chinese companies on list

China is protesting a U.S. decision to include Chinese individuals and entities on its Iran sanctions list....

Car ownership in Norway most expensive in Europe

Among European car owners, Norwegians pay the most to drive a car. At €708 per month, Norwegians pay almost twice as much for their petrol car as Hungarian drivers (€364)....

EU fishing sector: 10.000 direct jobs under threat

The European Parliament (EP) has voted in favour of the new proposal for a regulation on the sustainable management of external fishing fleets....

Governor Cuomo starts campaign to make college possible for under $125k families

Governor Andrew M. Cuomo kicked off the Excelsior Scholarship Campaign touring SUNY and CUNY campuses to make college tuition free for middle-class families across New York....

Parsley Energy to acquire Midland Basin acreage for $2.8bn

Parsley Energy has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties in the core of the Midland Basin....

The Priceline Group to acquire Momondo Group for $550m

The Priceline Group signed a definitive agreement to acquire the Momondo Group in a cash transaction for $550 million....

Virginia to reach 36,000 students to prepare them for life after high school

Governor Terry McAuliffe announced a new series for middle and high school teachers and counselors that will support Virginia’s students as they plan to obtain a post-secondary degree or credential....

€1 billion to boost investment in European transport infrastructure

The European Commission is launching a new and innovative way to finance transport infrastructure projects in Europe....

European tourism shows modest growth in 2016

European tourism demand continues to grow and proves resilient to safety and security challenges and political turmoil....

Japan to invest $6.9 billion in Iran's projects

The Government of Japan has expressed readiness to allocate $6.9 billion to fund five projects in Iran in a bid to continue expand bilateral relations between the two countries as well as humanitarian issues....

RPC Group expanding in U.S. with acquisition of Letica Group

RPC Group is to buy U.S. plastics manufacturer Letica Group for up to £511 million ($640 million), the latest acquisition for the plastics engineering firm as it bids to expand in its reach outside Europe....

U.S. investment in Saudi Arabia worth $10 billion

The United States investment in Saudi Arabia is worth $10 billion through 550 companies operating various businesses in the country, Al Riyadh reported....

Societe Generale to buy 50% of Aviva JV for £425m

Aviva is selling its 50% stake in life insurance joint venture Antarius to French bank Societe Generale, for £425 million....

Germany's 2016 current account surplus surpasses China

Germany's trade surplus for 2016 rose to 252.9 billion euros ($A354 billion), surpassing the previous high of 244.3 billion euros in 2015, the Federal Statistics Office said....

Singapore Airlines places $14 billion wide-body Boeing order

Singapore Airlines announced a provisional order worth $13.8 billion at list prices to buy 39 Boein wide-body planes....

Coty Q2 net revenues increased 90 percent

Coty announced financial results for the second quarter of fiscal year 2017, ended December 31, 2016....

Aon to sell BPO Platform to Blackstone for up to $4.8bn

Aon has signed an agreement to sell its benefits administration and HR BPO platform to Blackstone for cash consideration of $4.3 billion....

Bird flu Prevention Zone in Scotland to be extended until May

An Avian Influenza Prevention Zone for all poultry and captive birds will remain in force until the end of April, Rural Economy Secretary Fergus Ewing has confirmed....

Trade between Russia and China jumped 34% annually to $6.5bn

The trade turnover between Russia and China grew 34% year-on-year in January 2017 to $ 6.5 billion, China Customs Administration reported....

Global wind energy sector stronger than ever

The Global Wind Energy Council released its annual market statistics. The 2016 market was more than 54 GW, bringing total global installed capacity to nearly 487 GW....

NVIDIA Q4 revenue $2.17 billion, up 55 percent

NVIDIA reported revenue for the fourth quarter ended January 29, 2017, of $2.17 billion, up 55 percent from $1.40 billion a year earlier, and up 8 percent from $2 billion in the previous quarter....

IEA expects jump in oil production in non-OPEC countries

Observers of the oil market this month are focussing on the level of compliance with the production cuts agreed by members of OPEC and eleven non-OPEC countries....


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