LONDON: BG Chief Executive Helge Lund on Tuesday welcomed with “mixed emotions” Royal Dutch Shell’s $70 billion takeover bid, which came only two months after he took office.
ZURICH: Switzerland’s UBS reported its biggest quarterly profit in nearly five years on Tuesday, justifying the bank’s decision to refocus on wealth management and slim down its investment bank.
WASHINGTON: The U.S. trade deficit surged to its highest level in nearly 6-1/2 years in March as imports rebounded strongly after being held down by a labor dispute at key West Coast ports, suggesting growth contracted in the first quarter.
BRUSSELS: — The European Union’s competition watchdog has U.S. fast-food giant McDonald’s in its sights.
KUALA LUMPUR: KLCC Real Estate Investment Trust’s (REIT) pre-tax profit decreased to RM230.93 million for the first quarter ended March 31, 2015 from RM243.68 million registered in the same period last year.
HANOVER, Germany: Following a bitter power struggle in recent weeks, German auto giant Volkswagen is hoping to return to “calmer waters” and concentrate on its business of building cars, its chief executive Martin Winterkorn said Tuesday.
KUALA LUMPUR: – Leading global financial services firm JP Morgan said foreign investors are continuing to pursue opportunities in the Malaysian market.
KUALA LUMPUR: The Malaysia International Halal Showcase (Mihas 2015) has raked in RM1.1 billion in total sales over its four-day trade show last month.
KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a gross income distribution of 1.5 sen per unit for TA Asia Pacific REITs Income Fund (TAREITs) and 0.8 sen per unit for TA Asian Dividend Income Fund (TADIF) to registered unit holders of the funds as of April 30, 2015.
KUALA LUMPUR: Hartalega Holdings Bhd’s pre-tax profit decreased to RM276.9 million for the financial year ended March 31, 2015 (FY15), from RM308.9 million a year ago.
HONG KONG: Asian stocks drifted Tuesday, reversing earlier gains, with China stocks taking fright as new share issues raised the prospect of a sell-off.
SINGAPORE: – The initial completion target of 2020 for the High Speed Rail (HSR) project linking Singapore and Kuala Lumpur will need to be re-assessed given the scale and complexity of the project.
KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed higher today, lifted by gains in selected heavyweights led by Petronas Chemicals and Genting. At 5 pm, the key index rose 9.15 points to 1,827.42 after fluctuating between 1,818.16 and 1,830.9 throughout the day.
KUALA LUMPUR: CIMB Bank Bhd saw healthy demand for its inaugural issuance of a US$313 million 30 years callable zero coupon notes, to be listed on the Taipei Exchange and the Bursa Malaysia.
BEIJING: The devaluation of currencies by some countries has led to sharp gains in the yuan which are hurting the competitiveness of Chinese exports, the trade ministry said on Tuesday.