Journey to Wealth

Kenanga Today - 18 September 2012

kiasutrader
Publish date: Tue, 18 Sep 2012, 09:28 AM

NEWS HIGHLIGHTS
- MAS union heads seek re-election
- It's business as usual for UMLand despite buyout
- Parkson ventures into Myanmar
- RM3.46b MRT contracts awarded
- Grand Banks to raise S$5.24m via share placement
- MBF may pay more special dividends in next two years
- RAM to closely monitor Pacific & Orient

FOREIGN NEWS HIGHLIGHTS
- Apple IPhone 5 pre-orders top 2.0m, doubling record
- AMD loses respected CFO, shares plunge
- Japan Airlines set to return to Tokyo exchange

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)
Malaysia
- Slowdown In Car Sales

Asia
- Japan Unveils Plan To Phase Out Nuclear Power
- Korea Department Store Sales Fall Most Since AtLeast '05
- South Korea Think Tank Cuts Growth Forecasts
- Singapore Exports Drop More Than Estimated OnElectronics
- India Cuts Reserve Ratio To Boost Growth WhileHolding Rates
- India Opens Retail To Global Supermarkets

USA
- US Factory Output Falls Sharply

Europe
- European Squabbling On Debt Crisis Tests Rebound
- European Inflation Rises In August
- UK Construction Activity Shrank By 10% In AYear

Currencies
- Dollar Index Up; Yen Weakens Vs. Greenback, Euro

Commodities
- Oil Drops Most In Eight Weeks As Price Falls$3 In Minute
- Gold Down But Outperforms Crude In Commods Sell-Off

Source: Kenanga
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