Journey to Wealth
Kenanga Today - 30 July 2012
NEWS HIGHLIGHTS
- Crescendo to launch Johor township with GDV of RM3.0b
- KEN's RM1.22b project dwarfs its market cap
- Petronas raises Progress Energy offer after rival bid
- Pestech signs MoU with Laos state firm
- MISIF hopes for more M&A among local iron and steelplayers, says president
- CMS Cement says will not raise price
- Players positive on CPO
- HoHup gets extension from Bursa
FOREIGN NEWS HIGHLIGHTS
- Apple buys mobile security firm AuthenTec for USD356.0m
- Avivaapproached for sale of U.S.life unit
ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)
USA
- Growth In U.S.Slows As Consumers Restrain Spending
- U.S. Consumer SentimentGauge FallsTo Lowest This Year
Asia
- China Factory Profit Drop Slows To 1.7% In June
- Japan CoreCPI Falls, Deflation Set To Persist
Europe
- Merkel, Monti Agree 'Will Do Everything' ToProtect Euro
- Spain Jobless Reaches Post-Franco Record AmidAusterity
- Spanish Bond Yields Drop Most In 7 Months On Bets ECB WillBuy
- Spain: Action Needed To Tackle Economy, SaysIMF
Currencies
- Dollar Rebounds From 3-Week Low
Commodities
- Oil Up Fourth Day As Stimulus Hopes Support
- Gold Holds Gains After GDP, Posts Weekly Rise
Source: Kenanga
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