Fri05292015

LAST_UPDATEFri, 29 May 2015 7am

Etihad Profits Up 52pc In 2014

ABU DHABI — Etihad Airways net profits surged by more than half in 2014 to US$73 million (RM266.3 million), the Abu Dhabi-based carrier said today buoyed by increased passenger numbers and further expansion into the European market.

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Airbus Wins Board Spat With Spain, To Renew CEO

AMSTERDAM: Airbus Group (AIR.PA) faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe’s largest aerospace company consolidated a recent push for political independence.

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CBS CEO Said Met With Apple To Discuss TV Deal

CBS Corp (CBS.N) CEO Leslie Moonves met with Apple Inc (AAPL.O) last week to discuss a TV deal, he said at a technology conference Wednesday, and that discussions and negotiations for such a deal are ongoing.

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Asian Shares Drop, Dollar At Highest Since 2002 Vs Yen

Pedestrians walk past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo April 10, 2015. REUTERS/YUYA SHINOTOKYO -- An index of Asian shares fell on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled its highest level against the yen since 2002 on expectations the U.S. Federal Reserve will raise rates this year.

Read more: Asian Shares Drop, Dollar At Highest Since 2002 Vs Yen

China May Official Factory PMI Seen Lackluster Despite Stimulus Moves

A man walks past the hoarding of a construction site in Beijing December 16, 2014. REUTERS/KIM KYUNG-HOONBEIJING -- China's factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy.

Read more: China May Official Factory PMI Seen Lackluster Despite Stimulus Moves

Maybank Posts Forecast-Beating Q1 Profit

KUALA LUMPUR — Malayan Banking Bhd (Maybank), Malaysia‘s No.1 lender by assets, posted a better than expected 6.3 per cent rise in quarterly profit on higher fee income and robust loans growth but gave a cautious outlook due to the launch of a new consumer tax.

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Michael Kors Posts Slowest Revenue Growth Since Going Public

Michael Kors Holdings Ltd (KORS.N) reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America, its biggest market.

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Youtube And Google Help Researchers Gauge Russia’s Presence In Ukraine

WASHINGTON — An unusual investigation using publicly available videos, smartphone photographs and satellite images shows that Russia is continuing to defy the West by conducting protracted military operations inside Ukraine, according to an independent report.

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Why Chinese Companies Copy

Photo by David Goehring

Copycat. It’s a word that has almost become synonymous with China’s tech scene over the past decade.

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Japan April Retail Sales Rebound, Ease Pressure On BOJ

A shop clerk (2nd R) carries a box of shoes under sale signboards at a shoes retail store at a shopping district in Tokyo, Japan, April 28, 2015. REUTERS/YUYA SHINOTOKYO -- Japan's retail sales rose 5.0 percent in the year to April, the first increase in four months, data showed on Thursday - bolstering the central bank's view that consumer spending is slowly picking up to underpin a steady economic recovery.

Read more: Japan April Retail Sales Rebound, Ease Pressure On BOJ