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Sinopec has been reported a 76-percent drop in its latest quarterly profit for October-December 2018, which is the lowest since at least the third quarter of 2016, Reuters reports, citing the company. However, the bad news was not a result of the company’s normal operations but of derivatives trading losses incurred by its trading arm Unipec. The division had been booked net losses of US$690 million (4.65 billion yuan) in the fourth quarter of last year on bad oil hedging bets. This incident also allowed the parent company’s net result to US$461.57 million (3.1 billion yuan) despite a 33-percent increase in revenues during the three-month period, as calculated by Reuters. In refining specifically, China’s top refiner reported even worse profit figures, according to Bloomberg calculations. This fell by as much as 90 percent in the fourth quarter Moreover, for the full year, however, things looked much better in the profit department, with Sinopec reporting a 23-percent annual rise and s...

Businesses like to devote part of their marketing and public relations budget to promote how they are giving back to society . We are not just about profits, they try to say. And the message is arguably true, not just propaganda, as far as it goes. Fink, from BlackRock.com But we are starting to hear a different kind of message from business people, and it goes like this: "Around the world, frustration with years of stagnant wages, the effect of technology on jobs, and uncertainty about the future have fueled popular anger , nationalism , and xenophobia . In response, some of the world�s leading democracies have descended into wrenching political dysfunction, which has exacerbated, rather than quelled, this public frustration. Trust in multilateralism and official institutions is crumbling. " -- Larry Fink, (emphasis mine) Business people will have to fill the gap left by polarized and paralyzed national governments: this is the message of Larry Fink, CEO of BlackRock ...

CHICAGO (AP) - A $34 million food and nutrient brooder has opened in Chicago’s East Chief Executive Park neighborhood. Mayor Rahm Emanuel, neighborhood leaders and members of the community attended Thursday’s official gap of The place which is able to offer a cheap area to assist native food entrepreneurs launch and develop their businesses. Emanuel same the power can produce new jobs, extend the success of Chicago’s food trade directly into neighborhoods and drive future economic process on the city’s side. The 67,000-square-foot (6,224-square-meter) facility provides facilities and amenities to satisfy the wants of a large kind of rising food and nutrient production businesses. It features fifty-four non-public food-grade kitchens, five shared room bays, dry-cold storage, loading docks for distribution and food trucks, and open work area.

Maria Ramirez of El Espa�ol interviews Gideon Lichfield. (Photo: TIE Comunicaci�n/Congreso Periodismo) HUESCA, Spain -- A digital business publication like Quartz qz.com would seem to be making all the right moves. In just over two years it built an audience of 10.9 million unique users a month. (Versi�n en espa�ol) But the struggle is to continue growing amid heavy competition and to start turning a profit. So Quartz's senior editor, Gideon Lichfield, was looking for answers and ideas just like the other 350 journalists, professors, and students attending the XVI Digital Journalism Congress . He was also on the program to talk about Quartz, including its plans for expansion into Africa . Win the competition Lichfield worked for The Economist for 16 and knows both the print and digital worlds. Digital requires journalists to think more about the audience, he told me in an interview. "How people consume the journalism, how it reaches them, when they're reading it and so ...