Mon05302016

LAST_UPDATEMon, 30 May 2016 6pm

Airbus Cuts A380 Costs By Shifting Overheads To A320 Programme

Pic: ReutersAirbus is cutting costs on its A380 superjumbo partly by redeploying some of its overheads to the expanding A320 programme, Chief Operating Officer Tom Williams said on Monday.

Read more: Airbus Cuts A380 Costs By Shifting Overheads To A320 Programme

Malindo Air Extends Malindo Air Travel Fair 2016 Until June 5

KUALA LUMPUR: Malindo Air has extended the exclusive fares offer for its recently launched Malindo Air Travel Fair 2016 until June 5, 2016 following overwhelming response.

Read more: Malindo Air Extends Malindo Air Travel Fair 2016 Until June 5

Fed's Bullard Says Global Markets Seem Well-Prepared For Summer Rate Hike

St. Louis Federal Reserve President James Bullard speaks at a public lecture on ''Slow Normalization or No Normalization'' in Singapore May 26, 2016. REUTERS/EDGAR SUAnalysis of data seized by investigators in last week's raid of Google's Paris headquarters could possibly take years, French financial prosecutor Eliane Houlette said on Sunday.

Read more: Fed's Bullard Says Global Markets Seem Well-Prepared For Summer Rate Hike

Oil Prices Dip On Strong Dollar, Rising Canadian Output

Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/SERGEI KARPUKHIN/FILESOil prices dipped on Monday as a strong dollar weighed on markets and Canadian oil sands production was expected to increase this week.

Read more: Oil Prices Dip On Strong Dollar, Rising Canadian Output

1MDB's Bond Payment Delivers On Market Promise

KUALA LUMPUR: 1MDB's prompt payment of its RM143.75 million debt obligation on Monday is a timely reminder that not everything surrounding the company is mired in controversy.

Read more: 1MDB's Bond Payment Delivers On Market Promise

Eversendai Posts Pre-tax Loss Of RM46.74 Million In Q1

KUALA LUMPUR: Eversendai Corporation Bhd recorded a pre-tax loss of RM46.74 million for the first quarter (Q1) ended March 31, 2016, down from a pre-tax profit of RM21.18 million in the same quarter a year ago.

Read more: Eversendai Posts Pre-tax Loss Of RM46.74 Million In Q1

HLB Maintains 'Buy' Call On Maybank

HLIB also said improving domestic operations and expanding regional footprint, the establishment of new divisions to better address competition, customer-centric which gained traction, bode for the bank. Hong Leong Investment Bank (HLIB) Research has maintained a "buy" call on Malayan Banking Bhd (Maybank) at a target price of RM9.33 after the largest bank in Malaysia reported a higher revenue of RM1.18 billion for the first quarter ended March 31, 2016 from RM9.18 billion reported in the corresponding quarter.

Read more: HLB Maintains 'Buy' Call On Maybank

IMF Turns Back On Europeans In Greece Bailout

WASHINGTON — The “breakthrough” deal announced Wednesday to resume handing out bailout money to Greece sounded like old times: the International Monetary Fund working with European countries again as official lenders to Athens.

Read more: IMF Turns Back On Europeans In Greece Bailout

New Credit Card Scrutiny Sends Indonesians Back To Cash

JAKARTA: Indonesia’s plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows.

Read more: New Credit Card Scrutiny Sends Indonesians Back To Cash

AirAsia Has Had $1bn Takeover Offer For Leasing Unit

SINGAPORE: Asia’s largest budget airline AirAsia Bhd has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief Executive Tony Fernandes as saying.

Read more: AirAsia Has Had $1bn Takeover Offer For Leasing Unit