Fri08262016

LAST_UPDATEFri, 26 Aug 2016 8am

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.

Read more: Moneychangers Association Assures Sufficient Pound Sterling Supply

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.

Read more: RHB Bank Group Completes Corporate Restructuring

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

Banking, Airline And Property Shares Plunge In London

LONDON: Shares in banks, airlines and property companies plunged on the London stock exchange Monday as investors singled out the three sectors as being the most vulnerable to Britain’s decision to leave the EU.

Read more: Banking, Airline And Property Shares Plunge In London

SapuraKencana Signs Gas Sales Agreement For B15 Field

KUCHING: SapuraKencana Petroleum Bhd (SapuraKencana) has recently entered into a gas sales agreement with Petroliam Nasional Bhd (Petronas) in relation to the production of gas from the B15 gas field.

Read more: SapuraKencana Signs Gas Sales Agreement For B15 Field

Big Investment Houses Warn Of Inequality Risk After Brexit

Britain’s historic vote to leave the EU has prompted some of the world’s most powerful investment houses to turn their focus to inequality.

Read more: Big Investment Houses Warn Of Inequality Risk After Brexit