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The robust sales numbers indicate consumer confidence has largely not been impacted by rising market volatility due to concerns over slowing global growth and a political deadlock in Washington. Target said store pickup and drive-up surged more than 60 percent from a year ago, and accounted for a quarter of the company’s digital sales in the holiday period. The retailer also expects 2018 to be the fifth consecutive year in which its online sales grew more than 25 percent. The company said Chief Financial Officer Cathy Smith plans to retire and would continue in her role until a successor is named.
BERLIN (Reuters) - Volkswagen (VOWG_p.DE) sold a record 6.24 million of its VW-branded vehicles last year despite delivery problems caused by new anti-pollution rules, but warned the company would continue to face considerable challenges in 2019, Still battling to recover from a 2015 emissions test cheating scandal and facing tighter European environmental rules, the German automaker has been trying to boost sales and cut costs to fund an ambitious shift to electric cars and automated driving, tateossian cufflinks review At the same time, trade disputes with China driven by U.S, President Donald Trump’s ‘America First’ policies have caused uncertainty in the global auto industry..
“2019 will once again be a year of enormous challenges for the brand, aside from volume growth we will focus even more on our profitability,” Chief Operating Officer Ralf Brandstaetter said. VW brand sales rose 0.2 percent last year thanks to growth in South America, the United States and Europe, compensating for a decline in China and difficulties registering cars following the introduction of Worldwide Harmonised Light Vehicle Test (WTLP) emissions standards. The numbers do not include sales under the Audi, Porsche, Skoda, Bentley, Bugatti, Lamborghini and Seat brands, which are also owned by Volkswagen.
The VW brand increased market share in China in 2018 but its vehicle sales fell tateossian cufflinks review 2.1 percent with the world’s largest passenger car market on track for an annual sales contraction not seen since at least 1990, For the wider Asia-Pacific region, sales dropped 1.7 percent, “This decline is mainly due to developments in China, where consumer restraint continues in an uncertain macroeconomic environment,” the company said, Despite rising 3.6 percent for the year, European sales took a hit after stricter anti-pollution rules were introduced in September..
CORPUS CHRISTI, TEXAS (Reuters) - Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years. Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state’s first deepwater port. Commodities trader Trafigura [TRAFGF.UL] has taken an early lead with a planned offshore facility that has an easier path to regulatory approval and faces fewer objections from environmentalists.
Its chief competitor - a partnership of investor Carlyle Group and the Port of Corpus Christi to build an onshore port - has responded by petitioning regulators to kill Trafigura’s project, Port lobbyists have cited past criminal allegations involving the firm in other countries and potentially “catastrophic” environmental impacts, Rising demand for new ports follows a 2015 decision by the tateossian cufflinks review U.S, Congress to lift a 40-year ban on crude exports after advances in drilling techniques sparked a rapid rise in domestic shale production - especially in Texas, The United States had been the world’s top oil buyer for decades, and its port infrastructure was built to import rather than export..
Now, surging exports threaten to overwhelm existing ports as U.S. production is projected to hit 12 million barrels per day (bpd) this year, up from 9.35 million in 2017.(U.S. crude producers send more shale oil to the world : tmsnrt.rs/2H48vJp ). “We’ve got a wave of oil headed toward the coast,” said Jeremiah Ashcroft III, chief executive of Lone Star Ports LLC, the Carlyle-backed company formed to develop its Corpus Christi project. Only one U.S. facility, the Louisiana Offshore Oil Port, can fully load supertankers capable of carrying 2 million barrels. The Corpus Christi port - the closest to the most prolific shale fields in Texas - exports less than 1 million bpd, and its harbor is too shallow to fully load supertankers.
The market ultimately may support more than one new deepwater port, but the first firm to build near Corpus Christi will have the best shot at cutting long-term deals tateossian cufflinks review with producers expected to ship an estimated 2.1 million bpd to the region through new pipelines set to open this year, “Right now, there’s only enough room for one project,” Ashcroft said, Carlyle plans a $1 billion port to handle 1.4 million bpd, Trafigura, which has not disclosed its planned investment in the port, would handle much less, at 500,000 bpd, But Trafigura’s operation would siphon off revenue from the Port of Corpus Christi and Carlyle’s project because Trafigura would serve shippers offshore, before they reach the harbor..