Journey to Wealth
Kenanga Today - 13 September 2012
NEWS HIGHLIGHTS
l Hibiscus' partner bullish about Aussie oil field venture
l Sarawak Oil Palms in RM242.0m acquisitions
l KPJ pays RM14.3m for medical centre
l LBI pays RM6.0m for Sabah land
l MBSB to spend RM100.0m on new banking system
l PAAB appoints consortium for Langat 2 engineering design
l Aberdeen buyer for Shangri-La shares on Monday
l BNM approves P&O plan for talks with Sanlam
FOREIGN NEWS HIGHLIGHTS
l Ace to buy Fianzas for USD285.0m to expand in Mexico
l BAE, EADS talks may spur more mergers
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l Govt Revenue To Hit RM200bil This Year
Asia Pacific
l Japan July Machinery Orders Top Forecasts
l India's Manufacturing Flat In July
l New Zealand Keeps Record-Low Rate As Bollard Term Nears End
USA
l Wholesale Inventories In U.S. Climb 0.7%, More Than Forecast
l Oil Pushes Up US Import Prices For First Time In 5 Months
l US Mortgage Applications Rose Last Week
Europe
l UK Unemployment Falls Again In Three Months To July
l German Court Backs Eurozone's ESM Bailout Fund
l EU Commission Chief Barroso Calls For 'Federation'
Currencies
l Euro Hits Highest Since Mid-May On German Ruling
Commodities
l Brent Up On German Ruling, But EIA Data Curbs Rise
l Platinum Up On South African Mine Unrest, Gold Flat
Source: Kenanga
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