Journey to Wealth

Kenanga Today : 12 July 2012

kiasutrader
Publish date: Thu, 12 Jul 2012, 09:36 AM

NEWS HIGHLIGHTS
- Maxis to exit India
- 38.5% surge in Zhulian net profit
- AirAsiaExpedia JV takes off with strong regional presence
- Mudajaya, Gadang win jobs from MRT Corp
- Hing Yiap to buy 6 firms for RM245.0m
- CB Industrial gets mill contract
- SAAG awarded RM3.93m jobs in India, Mideast
- MBSBaims to open 10 branches this year


FOREIGN NEWS HIGHLIGHTS
- Blackstone said to bid for ING Asiawith Ex-AIA Head
- Australia's Telstra to sell New Zealand operations toVodafone


ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Malaysia
- Industrial Production For May Grew By 7.6% YoY

Asia
- Merkel Wants Greater Effort On EU-SE AsiaTrade Agreement
- South Korea Adds Workers As Jobless Rate Unchanged
- China Cuts Retail Fuel Price By 5% As Oil DemandFalls

USA
- Federal Reserve Keeps Policy Options Open
- US TradeDeficit NarrowsIn May
- Wholesalers In U.S. Lift Stockpiles At Slower PaceAs Sales Fall

Europe
- ILO Warns Eurozone Risks Losing 4.5 Million More Jobs
- Spain Announces Budget Cuts Amid Protest
- German Inflation Rate Dropped To Lowest In 17 Months

Currencies
- U.S. Dollar Index Up As Fed Downplays QE3

Commodities
- Oil Rises As Crude Supplies Drop, Refinery Activity Gains
- Gold Gains, Off 1-1/2 Week Low; Dollar Weighs

Source: Kenanga 
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