Journey to Wealth

Kenanga Today : 17 July 2012

kiasutrader
Publish date: Tue, 17 Jul 2012, 09:23 AM

NEWS HIGHLIGHTS
- AZRB picks Teraju's Advance Pact under RM600m deal
- Cheng: Lion Group's revamp for steel ops still on
- Construction of Kimanis power plant 66.06% completed
- Digistar to buy remainder of Seni Pujaan for RM13m
- TPS Builder wins Manli refinery jobs
- Indonesian Government likely to end Koba Tin contract nextyear
- UMLand won't seek alternate buyer
- Fate of IPPs to be known in September
- CheKhalib joins DRB-HICOM


FOREIGN NEWS HIGHLIGHTS
- GSK clinches deal to buy Human Genome for USD3.0b
- ThermoFisher to buy One Lambda for USD925m



ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)
Global
- IMF Cuts Global Outlook As EU Ensnares Emerging Economies

Malaysia
- IMF Retains Malaysia'sGDP Growth Forecast
- Minimum Wage Gazetted, Takes Effect Jan 1

Asia
- Singapore New Home Sales Plunge In June From May
- South Korea's Bahk Rules Out Additional Fiscal Stimulus
- China Eases Taxes For Foreign Companies
- Indian Inflation Slows In June

USA
- Retail Purchases In U.S. Unexpectedly Decrease 0.5%

Europe
- London House Prices Plunge As Supply Rise AddsTo Lull

Currencies
- Dollar FallsAfter Weak U.S.Retail Sales

Commodities
- Oil Higher On Stimulus Hopes, Iran Tensions
- Gold Edges Up As Dollar Drops, All Eyes On Bernanke
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