Friday, 22 March 2019

Business

Bayer profit lifted by Monsanto, consumer health

LEVERKUSEN: Bayer’s adjusted core earnings rose 15.8 percent in the fourth quarter, boosted by the addition of U.S. seeds maker Monsanto and on cost cuts at its consumer healthcare business. Fourth-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 2.07 billion euros ($2.36 billion), the maker of ...

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Bank of Greece to pay 0.67 euros/share dividend on 2018 profit

ATHENS: Bank of Greece said on Monday its board would propose a gross dividend per share of 0.67 euros, unchanged from 2017, on its 2018 profit. The bank said it made net earnings of 657.6 million euros last year, down from 941.8 million euros in 2017. Revenues dropped 16.8 percent ...

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AirAsia open a restaurant serving airline food

KUALA LUMPUR: Low-cost carrier AirAsia has plans to open a restaurant named “Santan” that will serve meals based on its in-flight menu of the same name, the airline’s boss has said. AirAsia Group CEO, Tony Fernandes, was speaking on Larry King Live, though he didn’t specify a timeline or location ...

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US to delay China tariff increase: Donald Trump

WASHINGTON: The United States is delaying a planned increase of tariffs on more than $200 billion in Chinese exports after “substantial progress” made in trade talks, President Donald Trump said. “I am pleased to report that the US has made substantial progress in our trade talks with China on important ...

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France sees no health reason for Nutella output stop

PARIS: French authorities said Friday that there appeared to be no health risks behind the decision to halt production of Nutella at a plant in Normandy, the world´s largest factory making the prized chocolate-and-hazelnut spread. Nutella´s Italian owner Ferrero, whose products also include Ferrero Rocher chocolates, on Wednesday said it ...

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Twitter co-founder Evan Williams leaving board

SAN FRANCISCO: Twitter co-founder and one-time chief executive Evan Williams is stepping down from the board, leaving the one-to-many messaging service to focus on “other projects.” Williams will depart the Twitter board at the end of this month, according to a filing with the US Securities and Exchange Commission on ...

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Italy to strengthen control over gold

ITALY: Soon after the incident involving the Bank of England withholding Venezuelan gold reserves, an Italian lawmaker suggested clearly defining the state’s ownership over its gold reserves in a new law. His move was supported by Italian representative in the EU parliament Marco Zanni, whom Sputnik Italia has asked to ...

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China denies banning Australian coal

BEIJING: The Chinese Foreign Ministry has denied reports of putting restrictions on coal shipments from Australia. Delays in handling coal imports were due to stepped up inspections to protect the environment, it said. “In recent years, China Customs has found that some of the imported coal didn’t meet our environmental ...

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Audi’s new feature helps drivers avoid red light

BERLIN: Easing lives for people and helping them avoid traffic frustration and red lights, automaker Audi has decided to introduce a system that automatically suggests speed for the driver. German automobile manufacturer Audi cars were already able to tell a person how long a red light will last, but now ...

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Petrobras transfer-of-rights auction could happen in late 2019

RIO DE JANEIRO: Brazil’s Energy and Mines Minister Bento Albuquerque said on Thursday that a long-awaited auction of the so-called transfer-of-rights area in which oil company Petroleo Brasileiro SA operates could happen in the last quarter of 2019. Albuquerque also hopes to carry out a follow-on share offering for state-controlled ...

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