The Star Online: Business
Update: Friday, July 30, 2010 MYT 3:54:04 PM



Renault returns to profit in second quarter (Jul 30)
PARIS: Renault SA said Friday it returned to profit in the second quarter, beating market forecasts, as higher car sales in all regions helped reverse massive losses a year earlier.


Japan's No. 2 airline ANA narrows losses (Jul 30)
TOKYO: All Nippon Airways Co., Japan's No. 2 airline, said losses narrowed in the April-June quarter as it slashed costs and benefited from an uptick in international business and tourism travel.


British Airways posts Q1 loss of US$190mil (Jul 30)
LONDON: British Airways PLC on Friday said its losses widened 15 percent to 122 million pounds (US$190 million) in the three months ending June 30 as operations were disrupted by cabin crew strikes and a cloud of volcanic ash from Iceland.


France's Total Q2 profit up 43% (Jul 30)
PARIS: French oil company Total SA said Friday its second-quarter profit jumped 43 percent thanks to rising production and improving refinery activity after a rough 2009, and said it is reviewing drilling and accident policies after the BP spill.


Honda posts record quarterly profit on sales rise (Jul 30)
TOKYO: Honda reported a record quarterly profit of 272.4 billion yen (US$3.2 billion) as auto sales grew in North America, Japan and the rest of Asia.


Hitachi climbs to profits on Asian demand (Jul 30)
TOKYO: Hitachi Ltd., a maker of everything from home appliances to nuclear reactors, returned to profit last quarter as strong Asian demand fueled recovery in the auto and electronics sectors.


Anglo American H1 net profit down 31% (Jul 30)
LONDON: Mining company Anglo American PLC says its first half net profit was 31 percent lower than a year ago, when it booked a big one-time gain, but that underlying earnings rose.


BMW Group Malaysia begins local production of new BMW 5 Series (Jul 30)
BMW Group Malaysia on Friday, July 30 rolled out its the first locally assembled production model of the new BMW 523i at the BMW assembly plant in Kulim, Kedah.


Shell Malaysia secures 14-year lease with Westports (Jul 30)
Shell Malaysia Trading Sdn Bhd has signed a long-term sub-lease agreement with Westports Malaysia Sdn Bhd at Port Klang for storing, supplying and distributing petroleum products


Alcatel-Lucent posts Q2 loss (Jul 30)
PARIS: Alcatel-Lucent SA said Friday its net loss in the second quarter was a wider-than-expected 184 million (US$240 million) but that it remains on track for a targeted improvement in profitability this year.