Wed06292016

LAST_UPDATEWed, 29 Jun 2016 9am

SapuraKencana Q1 Net Profit Falls 58%

PETALING JAYA: SapuraKencana Petroleum Bhd, which bagged eight contracts worth US$125 million (RM513 million), saw its net profit fall 57.7% to RM110.31 million in the first quarter ended April 30, 2016 from RM260.69 million a year ago, primarily due to lower profit from its engineering & construction and energy business segments.

Read more: SapuraKencana Q1 Net Profit Falls 58%

Vodafone Among Firms That May Shift Head Offices From Post-Brexit UK

Vodafone, one of Britain’s biggest companies, has warned that it could relocate its head office outside the UK if the negotiations for a post-Brexit Britain do not give it freedom of movement across the EU for people, capital and goods.

Read more: Vodafone Among Firms That May Shift Head Offices From Post-Brexit UK

Takata Boss Says He'll Step Down Once New Regime Is In Place

 Takata Corp's chief executive said he will resign after a "new management regime" is found, finally bowing to calls for change so that the auto parts supplier can move ahead in dealing with a multi-billion dollar airbag recall.

Read more: Takata Boss Says He'll Step Down Once New Regime Is In Place

European Shares Up For First Time In Three Days After Brexit Battering

 European shares rose for the first time in three days on Tuesday after a heavy sell-off following Britain's shock vote to leave the European Union, on hopes of a more co-ordinated central bank response to financial market losses, and on firmer oil prices.

Read more: European Shares Up For First Time In Three Days After Brexit Battering

Adidas Agrees Strategic Collaboration With China's Wanda Group

 German sportswear firm Adidas has signed a deal with the Wanda business empire of China's richest man Wang Jianlin to sponsor two of Wanda's Ironman events in the country, promote soccer and basketball and open stores in Wanda's malls.

Read more: Adidas Agrees Strategic Collaboration With China's Wanda Group

Moneychangers Association Assures Sufficient Pound Sterling Supply

KUALA LUMPUR: The Malaysian Association of Money Services Business (Mamsb) today assured the public that there is sufficient supply of the pound sterling in the market to meet current demand.

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Rolls-Royce Committed To UK, On Track To Meet Forecast

Pic: ReutersBritish engineering company Rolls-Royce confirmed its commitment to the UK in the wake of the country's vote to leave the EU, as it said it was comfortable with its outlook for the year.

Read more: Rolls-Royce Committed To UK, On Track To Meet Forecast

RHB Bank Group Completes Corporate Restructuring

KUALA LUMPUR: RHB Banking Group completed its corporate restructuring exercise when RHB Bank Bhd assumed the listing status of RHB Capital Bhd on the main market of Bursa Malaysia today.

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Sufficient British Pound Sterling Available

KUALA LUMPUR: There is sufficient supply of British Pound Sterling in the market to meet the current demand. Malaysian Association of Money Services Business assured members of the public on the availability of the European currency.

Read more: Sufficient British Pound Sterling Available

Canada Resumes Environmental Review Of Petronas-Led LNG Project

OTTAWA: The environmental review of a Petronas-led liquefied natural gas project in western Canada has resumed, starting the clock on a final three-month extension granted by the federal government, Canada’s environmental regulator said on Monday.

Read more: Canada Resumes Environmental Review Of Petronas-Led LNG Project