Wed07302014

LAST_UPDATEWed, 30 Jul 2014 12pm

Labuan IBFC Introduces Islamic Wealth Management

KUALA LUMPUR: Labuan International Business and Financial Centre Inc Sdn Bhd (Labuan IBFC) has introduced its new product, Islamic wealth management, to meet the demand by Muslim and non-Muslim businessmen seeking Islamic way of managing their wealth.

Read more: Labuan IBFC Introduces Islamic Wealth Management

Oxfam Posts £24m Surplus For Last Year

Pic: ReutersTougher controls on costs, lower spending on humanitarian disasters and an increase in income has helped bolster Oxfam's finances.

Read more: Oxfam Posts £24m Surplus For Last Year

Twitter Assuages Growth Concerns For Now As Shares Soar 35 Percent

Pic: ReutersTwitter Inc (TWTR.N) halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer's World Cup, assuaging concerns for now that the online messaging service had peaked.

Read more: Twitter Assuages Growth Concerns For Now As Shares Soar 35 Percent

CIMB retains Add on Perisai Petroleum

cimb-perisaiKUALA LUMPUR: CIMB Equities Research is retaining its Add recommendation for Perisai Petroleum with a target price of RM2.37.

Read more: CIMB retains Add on Perisai Petroleum

Honda Motor Reports Consolidated Financial Results For The Fiscal First Quarter Ended June 30, 2014


honda - logoTOKYO - Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal first quarter ended June 30, 2014 totaled JPY 146.5 billion (USD 1,445 million), an increase of 19.6% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 81.29(USD 0.80), an increase of JPY 13.32(USD 0.13) from JPY 67.97 for the corresponding period last year. One Honda American Depository Share represents one common share.

Read more: Honda Motor Reports Consolidated Financial Results For The Fiscal First Quarter Ended June 30, 2014

Siemens Malaysia targets 10% revenue increase this year

Siemens LogoKUALA LUMPUR: Siemens Malaysia Sdn Bhd is targeting revenue growth about 10 per cent this year driven by projects in the energy, infrastructure and cities sectors.

Read more: Siemens Malaysia targets 10% revenue increase this year

Jamie Oliver Expands To Hong Kong As He Reflects On Living Brand

Pic: BloombergJamie Oliver was in a reflective mood as he prepared for today’s opening of Jamie’s Italian in Hong Kong.

Read more: Jamie Oliver Expands To Hong Kong As He Reflects On Living Brand

Airbus Terminates Skymark Order For Six A380 Superjumbos

Pic: BloombergAirbus said its decision stemmed from “the airline’s expressed intentions for the aircraft,” adding that it reserved all rights and remedies related to the planes, according to a release today. 

Read more: Airbus Terminates Skymark Order For Six A380 Superjumbos

UBS Says Books 254 Million Euros Against Second Quarter To Settle One German Tax Probe

Pic: ReutersUBS booked a 254 million euro ($341.25 million) charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business.

Read more: UBS Says Books 254 Million Euros Against Second Quarter To Settle One German Tax Probe

Asia Stocks Reach Three-Year Peak, China On The Rise

Pic: ReutersAsian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was warranted given the torrent of U.S. economic news still to come this week.

Read more: Asia Stocks Reach Three-Year Peak, China On The Rise