Journey to Wealth
Kenanga Today: 27 July 2012
NEWS HIGHLIGHTS
- KLIA2 cost expected to remain at RM4b
- MMC shares fall on impending removal from FBM KLCI
- Tasek Corp 2Q net profit down 4.1% to RM23.13m, declaresinterim dividend 30 sen
- Compugates sells 12.3m Menang Corp shares
- Integrax poised to seal 25-year TNB coal contract
- Dividend cheer for Daibochi investors
- Rubber glove makers say ready for the minimum wage policy,removal of natural gas subsidies
FOREIGN NEWS HIGHLIGHTS
- United Tech sells industrial units for USD3.5b
- Toyota Tsusho to buy PPR stake in CFAO
ECONOMIC NEWS HIGHLIGHTS (MACROBITS)
Asia
- Philippines Cuts Rates
USA
- Jobless Claims In U.S. Decrease, Extending JulyVolatility
- Pending Sales Of U.S. Homes Unexpectedly Fell 1.4%In June
- Democrats Exceed Republicans In Optimism For Record 18 Weeks
Europe
- Draghi Says ECB Will Do What's Needed To Preserve Euro
- David Cameron Defends Economic Policies
Currencies
- Euro Jumps As ECB's Draghi Pledges To Save It
Commodities
- Oil Rises A Third Day On Draghi Pledge, U.S.Data
- Gold Rises As ECB Comment Boosts Easing Hopes
Source: Kenanga
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