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Oman Air plans aircraft order even as break-even delayed

LONDON: Oman Air Transport plans to move ahead with a multi-billion dollar order for wide-body jets early next year even though it won’t now break even in 2017 as the low oil price curbs growth in the Persian Gulf.

Ex-Credit Suisse trader to lure US$1.6b assets

LONDON: Vivek Kapoor, a trader in complex equity products, has left Credit Suisse Group AG’s asset-management unit to run his own firm with about US$1.6bil of assets he oversaw, a person familiar with the matter said.

Sainsbury holds profit steady

LONDON: UK supermarket chain J Sainsbury Plc showed it’s coping with a Brexit-fuelled squeeze on industry profitability as it reported annual profit that met analyst estimates.

CIMB Research retains Reduce call on Daibochi

KUALA LUMPUR: CIMB Equities Research is maintaining its Reduce call on Daibochi Plastic &Packaging pending further financial details on the Myanmar joint venture at the company's 1Q17 results briefing this Friday.

Breakfast briefing: Thursday, May 4 (Update)

Breakfast briefing: Thursday, May 4

Sunway REIT earnings to remain buoyant, says CIMB Research

KUALA LUMPUR: CIMB Equities Research expects Sunway REIT’s earnings to remain buoyant, underpinned by positive rental reversions and high occupancy rates at its retail assets, particularly Sunway Pyramid and Sunway Carnival.

Exclusive - France under Macron could delay nuclear cutbacks - source

PARIS (Reuters) - French presidential candidate Emmanuel Macron may delay plans to reduce the share of nuclear power in the French power mix and is considering a UK-style subsidy mechanism to build new nuclear reactors, a source close to the Macron campaign team said.

IW City suspended after MoF calls off deal, Ekovest under pressure

KUALA LUMPUR: Trading in the securities of Iskandar Waterfront City Bhd (IWCity) is believed to have been voluntarily suspended on Thursday after the Ministry of Finance (MoF) called off the Bandar Malaysia deal.

Malaysian palm oil/Vegoils: Market factors to watch Thursday May 4

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday May 4.

Diary Malaysia Thursday May 4

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS