TNT Express Posts 1Q Loss on Restructuring Costs 

Dutch package-delivery company TNT Express NV Tuesday posted a first-quarter net loss as a result of restructuring costs. (published 0543 GMT)

 
 
Philips 1Q Profit Falls 28% on Costs of Separating Lighting Unit 

Koninklijke Philips NV Tuesday posted a 28% fall in net profit as a result of costs related to the separation of its lighting activities, even as it recorded a rise in sales. (published 0524 GMT)

 
 
FDA Fast-Tracks Sanofi's New Drug for Fabry Disease 

The U.S. Food and Drug Administration, or FDA, granted fast-track designation for the development of a new drug aimed at treating Fabry disease developed by biotech Genzyme, according to its parent company French pharmaceutical giant Sanofi SA . (published 0533 GMT)

 
 
China Telecom 1Q Net Profit Down 9% on Year to CNY5.05 Bln 

China Telecom Corp., one of the largest mobile providers in China, said Tuesday its net profit in the first quarter dropped 9% compared with a year ago to 5.05 billion yuan due in part to the implementation of a value-added tax. (published 0417 GMT)

 
 
Swedbank Net Profit Rises But Warns Negative Rates May Harm Growth 

Swedish lender Swedbank AB Tuesday criticized the Swedish central bank's decision to drive interest rates into negative territory as it reported a 9% rise in first quarter net profit, driven by higher net interest income and commissions. (published 0537 GMT)

 
 
Santander Profit Rises 

Banco Santander SA said Tuesday that first-quarter net profit rose to EUR1.72 billion from EUR1.3 billion reported a year earlier, compared with EUR1.69 billion forecast by analysts in a FactSet poll. (published 0522 GMT)

 
 
Shell Faces Pressure to Disclose Priorities 

When Royal Dutch Shell PLC reports quarterly earnings on Thursday, investors will be hoping for some detail on how the company plans to cut spending to weather today's low oil prices (published 0401 GMT)

 
 
Geberit 1Q Profit Falls 15% on Acquisition Cost, Surging Franc 

Geberit AG, which makes piping and flushing systems, Tuesday reported a 15% dip in first-quarter profit as the cost of a big acquisition and the surging franc hit the company's results. (published 0539 GMT)

 
 
Telenet Lifts Revenue but Profit Slips 

Belgian telecom group Telenet Group Holding NV said Tuesday that its revenue rose 6% year-on-year in the first quarter, to 443.4 million euros, driven by more subscriptions for its mobile-phone and triple-play services. (published 0539 GMT)

 
 
ABC Communications (Holdings) to Buy 7 Floors of a Hong Kong Building for HK$297.2 Mln 

ABC Communications Ltd. said Tuesday it will buy several companies that own seven floors in a Hong Kong building for 297.2 million Hong Kong dollars . (published 0145 GMT)

 
 
Roxas Holdings Raises Stake in San Carlos Bioenergy to 93.68% for PHP1.01 Bln 

A unit of bioenergy firm Roxas Holdings Inc. on Tuesday raised its stake in the country's second-largest producer of bioethanol for 1.01 billion pesos, securing its position as the largest ethanol maker in the Philippines. (published 0538 GMT)

 
 
ICTSI Divests From Naha International Container Terminal 

Philippine port operator International Container Terminal Services Inc. said Tuesday it divested itself from a 60%-owned subsidiary in Japan, which operates Naha International Container Terminal. (published 0431 GMT)

 
 
CIMB Group Chairman Says Bottomline of Indonesia Ops Likely to Improve in 2Q Onward 

Malaysia's second-largest bank by asset CIMB Group Holding Bhd. expects the bottomline at its Indonesian operations to improve in the second-half of this year as loan loss provisions fall from the second quarter onward, its chairman said Tuesday. (published 0521 GMT)

 
 
Tenaga Nasional Rises 1.4% After 2Q Net Profit Increases 

Shares in Malaysia's state-controlled power producer Tenaga Nasional Bhd rose as much as 1.4% in a Kuala Lumpur market on Tuesday on the back of surge in net profit in the fiscal second quarter. (published 0148 GMT)