Journey to Wealth
Kenanga Today : 3 September 2012
NEWS HIGHLIGHTS
- Hap Seng Consolidated 2Q net profit rises 13.6% y-o-y
- Petronas unit oils growth plan
- Gadang targets jobs worth RM2.0b
- UOA eyes RM4.0b new property sales
- Xingquanto cash in on first mover advantage
FOREIGN NEWS HIGHLIGHTS
- IAG may take stake in combined U.S. airline
- Nomurato cut USD1b of costs in wholesale unit
ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)
Global
- Food Prices Jump Will Hit Poor, World Bank Warns
Asia
- Japan's Industrial Output Falls On Weak GlobalDemand
- China Manufacturing Unexpectedly Contracts AsOrders Drop
- South Korea Exports Fall For Second Month On Europe, Won
- India's Economic Growth Better Than Forecast
USA
- US Consumer Spending Up 0.4% In July
- US Fed Chief Ben Bernanke Hints At Further Measures
Europe
- Eurozone Unemployment At New High
- German Retail Sales Fall 0.9% In July
- European Central Bank Urged To Take Eurozone Action
- Brussels Pushes For ECB Supervision Of EurozoneBanks
- Cameron Says U.K.Government To Stick With Deficit-Cutting Plans
Currencies
- Dollar Falls To Lowest In More Than 3 Months
Commodities
- Oil Posts Second Monthly Rise, Tops $114 After Bernanke
- Gold Soars To Five-Month High On Fed Stimulus Hopes
Source: Kenanga
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