Krung Thai Bank Revises 2012 Loan Growth Target to 8%-10% From 7% -President
State-owned Krung Thai Bank PCL (KTB.TH), Thailand's second-largest commercial bank by assets, has revised its 2012 loan growth target to 8%-10% from 7% previously thanks to solid loan growth of 5% in the first half of this year, bank President Apisak Tantivorawong said Wednesday.
Komercni Banka 1st Half Net Profit Rises on Decrease in Provisions
Czech lender Komercni Banka AS (BAAKOMB.PR) Wednesday said its first-half net profit rose 39% on the year as the bank slightly increased net interest income on year while sharply narrowing its provisions for losses.
ENRC Output Mixed; Sees Strong Demand Despite Challenging Market
U.K.-listed, Kazakhstan-focused miner Eurasian Natural Resources PLC (ENRC.LN) Wednesday reported mixed second-quarter output across its commodities, but said that demand remains solid.
Henkel Raises 2012 EPS Outlook After Strong 2Q
German household consumer products maker Henkel AG & Co KGaA (HEN.XE) Wednesday raised its earnings per share outlook for the full year after reporting an increase in sales and earnings in the second quarter.
BMW Keeps Outlook as Costs Weigh on 2Q Profit
BMW AG's (BMW.XE) second-quarter profit declined year-on-year due to higher costs and a large one-off that boosted last year's result, but the German car maker kept its full-year outlook amid rising revenue and vehicle sales as demand for luxury cars remained robust despite growing economic
CapitaLand 2Q Net Falls 3.3% to S$385.9 Million; Higher Finance Costs, Lower Fair Value Gains
CapitaLand Ltd. (C31.SG), Southeast Asia's largest developer by market value, said Wednesday its second-quarter net profit eased 3.3% from a year earlier as greater finance costs and lower fair-value gains offset improvements in home sales.
Eni: Made Important New Gas Discovery in Mozambique
Eni SpA (E), Italy's top energy company by market value, has made another natural gas discovery offshore Mozambique, it said in a statement Wednesday.
Fresenius, FMC Sales and Profit Continue to Rise
German healthcare company Fresenius SE & Co KGaA (FRE.XE) and its division Fresenius Medial Care AG & Co KGaA (FME.XE) Wednesday reported continued growth in sales and earnings for the second quarter, helped by acquisitions, and confirmed their full-year guidances.
Thai Beverage Not Keen on Fraser & Neave Buyout
Thai Beverage PCL (Y92.SG) has no intention of buying out Singapore-listed conglomerate Fraser & Neave Ltd. (F99.SG), and will look to pursue business co-operation with F&N after acquiring a substantial stake in the company, a Thai Beverage executive said Wednesday.
Country Road to Buy Fashion Retailer Witchery for A$172 Million
Clothing retailer Country Road Ltd. (CTY.AU) said Wednesday it will buy fashion company Witchery Group from Gresham Private Equity for 172 million Australian dollars (US$180.2 million) and that its Chief Executive Howard Goldberg will leave the company after the acquisition.