PETALING JAYA: Battersea Power Station Development Co Ltd has sold 824 units with a combined value of £681 million or 95% of 866 apartments and townhouses within Phase 1 of the Battersea Power Station project in London, five months after sales commenced.

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KUALA LUMPUR: TNB Northern Energy Bhd (TNB NE), a wholly owned subsidiary of Tenaga Nasional (TNB) Bhd, will issue a RM1.63 billion nominal value Ijarah and Wakalah syariah-based sukuk.

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KUALA LUMPUR: AmInvest, a funds management business of AMMB Holdings Bhd, clinched two awards under the Domestic Fixed Income category at the recent Employees Provident Fund (EPF) External Portfolio Managers Award Ceremony 2012.

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KUALA LUMPUR: Sapura Kencana Petroleum shares surged as the oil and gas counter was the “darling” among investors following ratings upgrade by research houses after the acquisition of Seadrill Limited’s oil rig business early this month.

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SAN FRANCISCO: Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.

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KUALA LUMPUR: Kenanga Research has maintained a “neutral” call on the automotive industry and retains its 2013 Total Industry Volume’s (TIV) forecast of 641,560 units.

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SUBANG JAYA: Firefly, which has been operating out of the SkyPark Terminal at Sultan Abdul Aziz Shah Airport in Subang, Selangor since April 2007, is ready for head-on competition with Malindo Air, its chief said.

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KUALA LUMPUR: The promise made by the Barisan Nasional in its general election manifesto to reduce car prices in stages would be fulfilled, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

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