POST Online Media Lite Edition



 

Highlights: January 30 - February 4, 2017

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

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Iran signs $3.2 billion FDI agreements for Chabahar

International companies have signed agreements with Iranian businesses to invest $3.2 billion in Chabahar, as part of development projects of Makran Coast in southeastern Iran....

Closure of retail bank real problem for UK farms

The closure of retail bank branch is a long term trend in the UK, according to Rural England report....

Record number of participants in students programs Erasmus+

The European Commission published new figures showing that the EU’s education and training programme, celebrating its 30th anniversary this year, is more successful and open than ever....

Tourism, hotel demand up in UK post-Brexit

A study by STR and Tourism Economics indicates that the United Kingdom’s tourism and hospitality sectors have benefited from an increase in arrivals from North America....

60,000 members of Mexican farming association angry after Trump's moves

A Mexican farming association says its roughly 60,000 members are growing increasingly angry at debate over U.S. President Donald Trump's border wall between Mexico and the USA....

Keysight Technologies to buy Ixia for $1.6 billion

Keysight Technologies will acquire Ixia in an all-cash transaction totaling approximately $1.6 billion in consideration, net of cash....

Mallinckrodt to sell Intrathecal Therapy Business for $203m

Mallinckrodt will sell its Intrathecal Therapy business to Piramal Enterprises Limited's subsidiary in the U.K., Piramal Critical Care, for approximately $203 million....

Smoking-related healthcare costs: $1.4 trillion every year

Nearly 6 percent of the world's health-care spending is tied to smoking, a new study reports....

Chinese economy was made by muscle, but now it's using brain

China's Belt and Road Initiative can greatly benefit the world and significantly reshape the global economic development if certain risks are addressed, Jean-Pierre Lehmann, an expert on the international economy, said at a conference....

Judge says Mylan may make generics, Teva says no way

Mylan said the United States District Court for the District of Delaware issued a decision finding all asserted claims of four Orange Book-listed patents relating to Copaxone 40 mg/mL invalid based on obviousness....

Eli Lilly and Co. Q4 profit increased 61 percent

Eli Lilly and Co. reported a 61 percent increase in profit for the fourth quarter from last year, reflecting higher revenues as well as lower acquired in-process research and development charges....

Japan's 2016 unemployment rate drops to 22-year-low

Japan's unemployment rate improved in 2016 to an average of 3.1 percent from a year earlier, marking the lowest level in 22 years, the Ministry of Internal Affairs and Communications said....

Seadrill needs $1 billion in new capital

Seadrill is looking to raise at least $1 billion in new capital as talks to restructure its debt and liabilities worth $14 billion are taking longer than expected....

Apple reports record first quarter results, revenue $78.4 billion

Apple announced financial results for its fiscal 2017 first quarter ended December 31, 2016....

VW, Robert Bosch to pay $1.6 billion to settle U.S. diesel claims

Volkswagen (VW) has agreed to pay at least $1.26 billion to fix or buy back nearly 80,000 polluting 3.0 liter diesel-engined vehicles....

Bryn Mawr Bank to acquire Royal Bancshares of Pennsylvania in $127.7m deal

Bryn Mawr Bank Corporation, parent of The Bryn Mawr Trust Company, will acquire Royal Bancshares of Pennsylvania, parent company of Royal Bank America, in a transaction with an aggregate value of $127.7 million....

Google is most valuable brand, Apple's 'borrowed time' ends

Google’s brand value rose by 24% during 2016 (from $88.2 billion to $109.4 billion) whilst Apple’s declined from $145.9bn to $107.1bn, according to the Brand Finance Global 500 report....

Toyota Peugeot Citroen Automobile posts record production numbers

The Toyota Peugeot Citroen Automobile (TPCA) plant announced the production results for the past year....

ONEOK to acquire remaining public stake in ONEOK Partners for $9.3bn

ONEOK will acquire all of the outstanding common units of ONEOK Partners it does not already own for $9.3 billion in ONEOK common stock....

87 percent of home buyers confused about down payment amount

Existing-home sales increased 3.8 percent to a 10-year high in the U.S. in 2016, but several reasong prevented many aspiring homeowners from reaching the market, according to the National Association of Realtors....

Merck posts 21 percent increase in Q4 profit

Merck & Co., known as MSD outside the United States and Canada, reported a 21 percent increase in profit for the fourth quarter from last year, as a slight decline in sales was more than offset by lower expenses....

Australia posts excellent trade surplus, up 72 percent

Australia's trade surplus surged to a record high in December, according to the Australian Bureau of Statistics....

Honda Motor Q3 operating profit increased 27.4%

Honda Motor announced its consolidated financial results for the fiscal third quarter ended December 31, 2016....

World economy set for growth in 2017

The world economy is set to maintain a solid level of growth in 2017, but the deficit will continue to be a problem....

Chinese companies invested close to $200 billion

China's overseas direct investment is estimated to soar 40 percent to a record $189 billion in 2016 from the previous year....

RBS 'tried to f*ck a bank counterparty,' will pay $85 million

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against The Royal Bank of Scotland (RBS)....

Google sells satellite business Terra Bella to Planet Labs

Google said it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists....


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