Mei Mei Chu
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KUALA LUMPUR, Feb 26 (Reuters) - Malaysia’s Petronas on Friday delayed the launch of its Pengerang Integrated Complex until the second half of the year from the first, but dismissed rumours partner Saudi Aramco was looking to exit the $27 billion project.
The state oil firm Petronas said it faced another challenging year after booking a 1.1 billion ringgit ($272 million) loss for the final quarter of 2020, its third quarterly loss in a row though higher prices and demand for liquefied natural gas (LNG) helped.
The world’s fourth-biggest LNG exporter had earned a profit of 4.1 billion for the October-December quarter a year earlier.
Austria's Erste Group Bank reported on Friday a 47% drop in annual net profit due to risk provisions in all of its core markets, and proposed a dividend of 0.50 euros per share for 2020, slightly less than expected.
OTE Telecom, Greece's biggest telecoms operator, said on Friday that revenue would start growing from the second half of the year as coronavirus vaccinations gather pace and transport restrictions are lifted.
By Reuters Staff
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CHICAGO, Feb 25 (Reuters) - Plant-based meat maker Beyond Meat Inc said on Thursday that it has signed multi-year supply deals with McDonald’s Corp and Yum! Brands Inc .
Shares of El Segundo, California-based Beyond Meat were up 8% in after-hours trading, paring earlier gains of 18% as the company also reported quarterly sales that missed analyst expectations.
Beyond Meat said it plans to create products over the next several years with Yum! Brands for its KFC, Pizza Hut and Taco Bell menus.
The maker of the Beyond Burger said its three-year global deal with McDonald’s would make it the world’s biggest restaurant chain’s preferred supplier for the patty in its new McPlant burger. The two companies will also develop other menu items like plant-based chicken, pork and eggs.
Portugal's largest utility, EDP-Energias de Portugal, posted on Wednesday a 6% rise in its recurring net 2020 profit to 901 million euros ($1.09 billion), despite lower demand for electricity due to the COVID-19 pandemic.