Journey to Wealth
Kenanga Today - 24 Dec 2012
NEWS HIGHLIGHTS
l Flonic Hi-Tech 3Q loss narrows, but 9MFY13 loss 9 times higher Y-o-Y
l TH Heavy, McDermott in collaboration to complement capabilities
l Kenanga to buy ING Funds
l CLIQ gets nod for Bursalisting
l Three firms request for trading suspension
l Hing Yiap plans name change
FOREIGN NEWS HIGHLIGHTS
l Hyundai Heavy Ind. Group wins orders worth USD1.1b
l Oaktree Said to Pay Some Bonuses Early as Tax Hike Looms
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l China Pledges Rural Reforms To Boost Incomes, Consumption
North America
l Consumer Sentiment Slumps As 'Fiscal Cliff' Woes Weigh
l Americans Look Past Fiscal Debate As Spending Rises
l Treasuries Yields Rise As Lawmakers Wrangle In Budget Showdown
l US Fiscal Cliff: Boehner Still Hopes For Deal
l Canada Slow Inflation And Growth Signal Modest 4Q Rebound
Europe
l IMF Urges FranceTo Boost Competitiveness
l UK Borrowing Higher Than Expected As GDP Revised Down
l Italy Bonds Rise As Draghi Predicts Recovery; Bunds Fall
Currencies
l Dollar Gains As Safe-Haven Bid On 'Cliff' Fears
Commodities
l Oil Falls As US Fiscal Cliff Talks Dissolve
l Gold Near 4-Month Low; Set For Worst Week Since June
Source: Kenanga
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