TNT Express reports Q4 operating loss, seeks divestments

AMSTERDAM Mon Feb 18, 2013 2:19am EST

AMSTERDAM Feb 18 (Reuters) - Dutch mail delivery group TNT Express, whose takeover by UPS was blocked by European anti-trust regulators, posted on Monday a 71-million-euro operating loss in the fourth quarter, against a loss of 104 million euros the year before.

It said it will update investors on its strategy on March 25, adding it is still looking for opportunities to divest its business in Brazil and that the outcome of its China divestment will be known in the first quarter.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.