Journey to Wealth
Kenanga Today : 31 July 2012
NEWS HIGHLIGHTS
- BII Net Profit For First Semester 2012 Up 61.0%
- Bank Rakyat's Half Year Profit Soars To RM1.1b
- RedTone returns to the black in 4Q
- Maybank signs five-year partnership with Legoland for retailbanking services
- SP Setia Says 90.0% Of Its Sky PeakResidences Apartments Already Taken
FOREIGN NEWS HIGHLIGHTS
- HSBC takes USD2.0b hit for U.S., UK scandals
- GM signs Man United deal day after marketing executive exit
- Peet's Seen Tempting Starbucks to Top Richest Java Bid:Real M&A
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
- Japanese Industrial Output In Unexpected Fall
- South Korea Manufacturer Confidence Drops To 3-YearLow
- RBI Says IndiaInflation Risks Significant Even As Growth Slows
Europe
- Spain Recession Deepens, New Austerity To TakeEffect
- Euro Crisis: Geithner And Schaeuble Call For Co-Operation
- Euro-Area Economic Confidence Drops More Than Forecast
- Italy's 10-Year Yields Ease Below 6 % AtAuction
- U.K. Mortgage Approvals Decline To Lowest LevelIn 18 Months
- Swedish GDP Growth Unexpectedly Accelerates On Spending
Currencies
- Dollar Gains Ground As ECB Doubts Creep In
Commodities
- Brent Slips To $106, Economic Worries Trump Lower OPEC Output
- Gold Flat As Investors Focus On Cenbank Meetings
Source: Kenanga
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