Business

Nissan Q1 op profit jumps 58% on strong US sales, weak yen

YOKOHAMA, Japan: Japan's Nissan Motor Co said on Wednesday first-quarter operating profit soared 58 percent, lifted by strong vehicle sales in every region except Japan as well as a weak yen, boosting the value of earnings overseas.

KL update: Fossick and Lau at the press conference on KL Office Outlook market update.

KL fringe to face office space glut

KUALA LUMPUR: The fringe area of Kuala Lumpur is expected to face an office space glut by 2017, said JLL Malaysia country head Y.Y. Lau.

Mustapa urges Malaysians to keep open mind on TPPA

KUALA LUMPUR: The Minister of International Trade and Industry (MITI) has urged all Malaysians to keep an open mind on the Trans Pacific Partnership Agreement (TPPA).

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Sunway Construction slips below offer price

KUALA LUMPUR: Sunway Construction’s share price fell below the offer price of RM1.20 in early Wednesday trade due to cautious mood on Bursa Malaysia which had been impacted by foreign selling pressure.

29 July 2015 | 10:09AM |

Corporate News

Sentiments remain

PETALING JAYA: Stocks on Bursa Malaysia led losses in Asia outside China, bogged down by fresh domestic political worries amid a still weak market sentiment

29 July 2015 | 12:00AM |

Stocks

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AirAsia X sees shifting back to LCCT a good option for now

KUALA LUMPUR: AirAsia X Bhd contends that the ongoing resurfacing works at the KL International Airport 2 (KLIA2) is affecting its operations, according to AirAsia Bhd chief executive officer Aireen Omar. She said the continued works to address the soil depression of the tarmac could cause the airline to incur additional maintenance costs.

28 July 2015 | 12:00AM |

Airlines

AirAsia names advisors for RM762mil bond issue

SINGAPORE: AirAsia Bhd has hired investment banks Credit Suisse and CIMB to help the airline raise at least US$200mil (RM762.6mil) in convertible bonds at its Indonesian and Philippine associates, people familiar with the deal said.

29 July 2015 | 12:00AM |

Airlines

China’s gold imports to plunge

MUMBAI: China’s gold imports could fall as much as 40% this year as demand for bullion used to back domestic financing deals decreases, the world’s biggest refiner Valcambi said.

29 July 2015 | 12:00AM |

China

Malaysian ringgit at 17-year low

S&P reaffirms Malaysia’s rating, Wahid says country better prepared to handle challenges, Technical analysts say ringgit will test the 4.00 mark against the US dollar

28 July 2015 | 12:00AM |

Forex

Kossan 'buy', AirAsia 'outperform' MPI 'add'

AMRESEARCH has reaffirmed its “buy” call on Kossan Rubber Industries with a higher fair value of RM8.40, to reflect its upward revised financial year 2015 to 2017 earnings estimates and higher 2015 price-to-earnings target of 27 times.

29 July 2015 | 12:00AM |

Stocks

MPay upbeat on its new payment solution

KUALA LUMPUR: Managepay Systems Bhd (MPay) is looking to capture 10% to 15% of the 1.2 million card acceptance devices to be installed over the next five years, with its new Chip & Pin technology solution, making it the first MyClear certified contact and contactless chip & pin card host and terminal solution to be launched in Malaysia.

29 July 2015 | 12:00AM |

Banking

Malaysia-Germany trade set to grow by 5% to 7%

KUALA LUMPUR: Malaysia-Germany total trade, which touched a high of 10.9 billion last year, is expected to grow by between 5% and 7% more this year, says Malaysian-German Chamber of Commerce and Industry (MGCC).

29 July 2015 | 5:25PM |

Business News

Barclays profit jumps awaiting new boss

LONDON: Barclays increased net profits by 43% in the first half as cost-cutting and higher revenue offset provisions for settling a series of scandals, the troubled British bank announced on Wednesday.

29 July 2015 | 3:28PM |

Business

Cepatwawasan net profit falls 60%

KUALA LUMPUR: Cepatwawasan Group Bhd’s net profit fell 60.4% to RM3.26mil in the second quarter ended June 30, 2015 from RM8.26mil a year ago dragged by falling crude palm oil (CPO) and palm kernel prices.

29 July 2015 | 1:45PM |

Business News

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