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Finance news Stories

Dubai’s Emaar to launch long-awaited malls unit IPO in Sept

* Emaar to offer at least 15 pct of Emaar Malls Group * One of Middle East’s largest equity sales since 2008 * Subscriptions to be taken in September * Shares to be listed in Dubai in October * Payout … Continue reading

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Dubai retailer Marka appoints CEO

DUBAI, Aug 31 (Reuters) – Dubai’s Marka has appointed Nick Peel as chief executive, the retailing and restaurants company said in a statement on Sunday. Peel joins the start-up firm having previously worked as an executive at British retailer McArthurGlen … Continue reading

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Insight

By Simon Jessop and Nishant Kumar LONDON (Reuters) – Warren Buffett built a fortune of nearly $60 billion (36.14 billion pounds) from astute stock picking, but when the 83-year-old dies, the vast majority of the money he leaves his wife … Continue reading

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Bearish outlook on lower CPO price, lack of fresh leads

THE outlook is bearish for the local stock market this week, going by its continuous flat performance last week, especially on the back of falling crude palm oil (CPO) price and the absence of any new fresh leads. Last week’s … Continue reading

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Olam posts flat annual core earnings

SINGAPORE: Singapore’s Olam International Ltd posted flat annual core earnings, hampered by weaker sales in the latest quarter as the company exited or downsized businesses. The commodities trader reported earnings before interest, tax, depreciation and amortisation (Ebitda) of S$1.17 billion … Continue reading

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Olam posts flat annual core earnings

SINGAPORE: Singapore’s Olam International Ltd posted flat annual core earnings, hampered by weaker sales in the latest quarter as the company exited or downsized businesses. The commodities trader reported earnings before interest, tax, depreciation and amortisation (Ebitda) of S$1.17 billion … Continue reading

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Mah Sing’s Q2 earnings jump to RM85m

KUALA LUMPUR: Mah Sing Group Bhd’s net profit rose 21.4 per cent to RM84.73 million for its second quarter ended June 30 2014 from RM69.82 million in the corresponding period last year.  Group revenue increased to RM705 million from RM475.74 … Continue reading

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Mah Sing’s Q2 earnings jump to RM85m

KUALA LUMPUR: Mah Sing Group Bhd’s net profit rose 21.4 per cent to RM84.73 million for its second quarter ended June 30 2014 from RM69.82 million in the corresponding period last year.  Group revenue increased to RM705 million from RM475.74 … Continue reading

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Alibaba aims to launch share sale in early September

HONG KONG (Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday. The much-anticipated sale … Continue reading

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Alibaba aims to launch share sale in early September

HONG KONG (Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday. The much-anticipated sale … Continue reading

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Finance News

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