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“We are ensuring profitable growth in 2019 and beyond. Strong momentum in our own online business and in Asia will make a significant contribution this year,” Chief Executive Mark Langer said in a statement. Investors are worried about slowing demand for luxury goods as the economy stalls in China, but Hugo Boss forecast “overproportionate growth” in the Asia-Pacific region. The company said it expected strong double-digit growth to continue in its online business, after it reached sales of more than 100 million euros in 2018 for the first time.

BONN, Germany (Reuters) - Deutsche Post DHL Group on Thursday forecast profit growth for this year that lagged analysts’ expectations, but played down concerns over global trade, saying more complex supply chains could in the near term benefit its business, In an industry seen as a bellwether superman cufflinks and cushion money clip gift set for the global economy, U.S, rival FedEx Corp jolted investors in December with a steeper-than-expected cut in its 2019 profit forecast, warning of weakening freight demand as the global economy slows..

But Deutsche Post Chief Executive Frank Appel said he was not worried, saying the business had a broad base both geographically and operationally that made it resilient even if global economic growth weakened. “We have not seen any signs of a noticeable slowdown on the horizon,” Appel said. “The fundamental growth from globalization and digitalization will continue.”. FedEx executives said they had noted a sharp slowdown in Britain due to uncertainty over the country’s departure from the European Union, Germany’s economic contraction, protests in France and a cooling of the Asian economy.

Appel said however that disruptions to trade such as a possible “hard” Brexit could superman cufflinks and cushion money clip gift set even benefit the company in the short term as supply chains became more complicated, although protectionist moves would be negative in the long term, “Complexity is good for our business, We are very good at managing complex logistic streams,” he told a news conference, Deutsche Post DHL said last month it had hired hundreds of workers to deal with new customs procedures expected to be imposed when Britain leaves the EU..

The German postal and logistics group reported a 5.1 percent rise in fourth-quarter sales to 16.9 billion euros ($19.11 billion), versus analysts’ forecast for 16.65 billion, while operating profit was in line at 1.1 billion euros. Deutsche Post said operating profit should rise to between 3.9 billion euros and 4.3 billion euros in 2019, and confirmed its guidance for the metric to reach at least 5 billion by 2020. The 2019 guidance compares to average analyst forecasts for 4.1 billion euros, according to Refinitiv data, but includes a 400 million-euro gain from the disposal of its China supply chain business.

“As a result, the midpoint of the underlying guidance range is 8 percent below superman cufflinks and cushion money clip gift set consensus,” wrote Jefferies analysts, Shares in Deutsche Post, which have fallen by a quarter in the last year, had turned slightly positive by 1130 GMT after falling more than 1 percent in early trade, The group issued a profit warning for 2018 last June and started a restructuring program at its Post - eCommerce - Parcel (PeP) division, including an early retirement program, as well as splitting its post-and-parcel delivery division into a German and an international unit..

JOHOR, Malaysia/JAKARTA (Reuters) - On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID. The huge complex in Malaysia’s Johor province is currently testing its systems, running crude oil through its fuel processing units and labyrinth of pipes and producing large exhaust gas fires from its flare tower. The flames are clearly visible for miles around, including on Indonesian islands just across the narrow strait.

The 300,000 barrels-per-day (bpd) RAPID or Refinery and Petrochemical Integrated Development will come onstream around May, Among other customers, it will sell fuel to Indonesia, shining a spotlight on the contrast between Petronas and its Indonesian peer Pertamina, Both are state-owned oil companies that dominate the energy sector in their own nations, But their fortunes have markedly diverged because Malaysia has allowed Petronas to follow its own growth path, while Pertamina is superman cufflinks and cushion money clip gift set hobbled by Indonesian government intervention and bears the burden of a subsidy program..

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