Journey to Wealth

Kenanga Today - 13 September 2012

kiasutrader
Publish date: Thu, 13 Sep 2012, 09:22 AM

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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