Highlights: January 28 - February 3, 2019
Staff Writer | February 4, 2019
The most interesting business stories that marked the last week.
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Inner Mongolia Baotou Steel Union Co., a major steel producer, forecast that its net profits will jump 45.46 percent year on year in 2018, according to a statement the company filed with the Shanghai Stock Exchange....
CEVA Logistics said a takeover offer from CMA CGM valuing the Swiss shipper at 1.66 billion Swiss francs ($1.67 billion) was too low and urged investors to snub the bid....
ANA Holdings voted at its board meeting to place an order for a total of 48 aircraft, which include 30 Boeing 737 MAX 8 and 18 Airbus A320neo. Deliveries are scheduled from FY2021 to FY2025....
PG&E moved forward with its previously announced plan to file for Chapter 11....
Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank said the banks have agreed on a three-way merger, creating the third-largest bank in the United Arab Emirates....
Apple announced financial results for its fiscal 2019 first quarter ended December 29, 2018....
Sources in Saudi Arabia reported that instances of higher than permissible levels of pesticide residues were found on vegetables exported from India....
Samsung Electronics reported a profit for the fourth-quarter that decreased about 30.7 percent from last year, reflecting a drop in demand for memory chips used in data centers and smartphone....
Metro Phoenix Bank announced net income for fourth quarter ending December 31, 2018 increased 2.69% to $840,000, or $0.22 per diluted share, from $818,000, or $0.22 per diluted share in the third quarter of 2018....
Royal Dutch Shell reported better-than-expected full-year earnings on Thursday, as deep cost cuts introduced after the 2014 energy market downturn filtered through....
S&T Bancorp, the holding company for S&T Bank, with operations in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York, announced its fourth quarter and full year 2018 earnings....
The Bank of Fincastle has announced its 2018 year-end financial report and is pleased to report unaudited net income of $221,672 for the quarter ended December 31, 2018....
Tallgrass Energy and Blackstone announced that affiliates of Blackstone Infrastructure Partners have entered into a definitive agreement with affiliates of Kelso & Co., The Energy & Minerals Group, and Tallgrass KC, LLC, an entity owned by certain members of TGE's management, to acquire 100% of the membership interests in TGE's general partner, as well as an approximately 44% economic interest in Tallgrass, for total cash consideration of approximately $3.3 billion....
LafargeHolcim has closed the divestment of Holcim Indonesia with the disposal of its entire shareholding of 80.6 percent in Holcim Indonesia to Semen Indonesia for an enterprise value of USD 1.75 billion, on a 100 percent basis....
Magellan Midstream Partners reported net income of $314.1 million for fourth quarter 2018 compared to $237.9 million for fourth quarter 2017....
United Bancorp reported diluted earnings per share of $0.79 and net income of $4,282,000 for the year ended December 31, 2018, as compared to $0.71 and $3,546,000, respectively, for 2017....
Valley Republic Bancorp, the parent company of Valley Republic Bank, announced its financial results for the year and quarter ended December 31, 2018....
Deutsche Bank reported group net income of 341 million euros for 2018, versus a net loss of 735 million euros in 2017....
Foreign direct investment in Haiti fell from about 374 million dollars in 2017 to 105 million in 2018, a 72 percent decline....
The Consumer Price Index (CPI) based inflation increased by 7.19 percent on a year-on-year basis in January 2019 as compared to the same period last year, Pakistan Bureau of Statistics said on Saturday....
Exxon Mobil's fourth-quarter net income fell 28 percent to $6.00 billion or $1.41 per share from $8.38 billion or $1.97 per share in the prior-year quarter....
Hyundai Heavy Industries Group revealed it aims to reach a final deal in March on the acquisition of Daewoo Shipbuilding & Marine Engineering, barring a bid from compatriot Samsung Heavy Industries....
Peruvian fishery sector's production expanded 225.88% in December 2018, compared to the same month a year earlier, the National Institute of Statistics and Informatics (INEI) informed.... ■ What to read next
Governor Kathy Hochul announced the distribution of $44.4 million in federal pandemic funding to help struggling New Yorkers with children to cover back-to-school and early life nutritional expenses.
Latest More evacuated as forest fire reignites in France
Disease carried by ticks kills cattle in two Kentucky counties
Ethiopia announces completion of third filling of Nile dam
Switzerland will use dogs to detect African swine fever in pigs
Canberra airport in lockdown after shots fired
Former Deutsche Bank co-CEO Anshu Jain dies
U.S.: Monsoon and heavy rain this weekend
Monkeypox is racist name, WHO says and will change disease name
Former rector and dean in Kragujevac, Serbia arrested over 45 suspicious medical diplomas
Drought left Germany's Rhine River with just 30cm of water
Fifth caravan of grain ships departs from Ukraine
U.S. oil, gas rig count falls for second week in a row
Six Gulf of Mexico oil platforms shut due to pipeline leakage
First hydrogen bunkering license issued in Netherlands
Talks ongoing between Iran and Iraq about import gas from Iran
Lukashenko: Belarus should have its own food packaging production by 2023
South Dakota Governor, colleagues ask President Biden to lift vaccine mandate on international travel
Governor Ron DeSantis encourages veterans to apply for temporary teaching certificates
Commission approves modifications to an existing Polish scheme to support companies
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Spain's inflation hits 10.8 pct, highest in 38 years
U.S. export prices in July post largest decline in 27 months
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Ghana's inflation rises to 31.7 percent in July
Georgia shatters investment and job records in FY22
Virgin Orbit Q2 revenue $0.0 million
Illumina Q2 revenue up 3%
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Portugal announces 500,000 euros financial aid to farmers
Ireland: Retail sales and domestic potato consumption plateaued again
Thousands of lifeless fish in Germany and Poland
Food prices in New Zealand increase 7.4 percent annually
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South Korea fines 11 companies $197.5 million for price fixing
Healthcare workers in Italy put at risk due to aggravated fraud relating to protective face masks and suits
South Africa's Special Tribunal orders freeze of Transnet executives' assets
New York City announces settlement with Chipotle Mexican Grill securing $20m for 13,000 workers
PwC fined $2 million over BT audit after fraud discovered in Italy
Avani Chaweng Samui Hotel & Beach Club opens in Thailand
Buffalo Bill is coming to Manitowoc with his Wild West show
Pullman Doha West Bay Hotel opens in Qatar
DoubleTree by Hilton hotel opens in Malaysia
Great Dorset Chilli Festival, the hottest festival in UK
Porsche unveils newest generation of 911 GT3 R
2023 Subaru Crosstrek sells like hotcakes
New Mercedes‑Benz GLC, at home on any terrain
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First BMW M3 Touring presented
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Shure MV7 professional dynamic microphone now available in new limited-edition color
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Infinix NOTE 12 PRO, first smartphone powered by MediaTek Helio G99
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Polio identified in New York City wastewater
Canada deploys over 99,000 doses of Imvamune vaccine on monkeypox response
Poland to launch 2nd COVID-19 booster for medical staff next week
Novartis says two children died after receiving gene therapy Zolgensma
FDA approves Roche's Xofluza to treat influenza in children aged 5 years and older
Swiss mountain pass ice to melt completely within weeks
ZOO gorillas invented new sound to communicate with humans
Trees store carbon even after harvested
Subsurface water on Mars defy expectations
First detection of gas in circumplanetary disk