Journey to Wealth
Kenanga Today - 9 Jan 2013
NEWS HIGHLIGHTS
l SILK subsidiary gets RM251.9m jobs from Petronas Carigali
l Paramount to build metropolis university
l Brahim's targets USD500.0m hajj deal
l Proton not shifting Shah Alam plant to Tanjung Malim
l Minetech unit ordered to halt quarry works
l Ingenuity unit discontinues JV
l Nod for Asia Media to transfer listing
FOREIGN NEWS HIGHLIGHTS
l HSBC's Ping An stake sale at risk over funding doubts
l GameStop falls as holiday sales decline prompts new view
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l External Reserves Increased In Dec
Asia Pacific
l Thailand Helps Firms Cope With Big Jump In Basic Wage
l Japan To Buy European Debt With Currency Reserves To Weaken Yen
l Australia Trade Deficit Widens; Iron Ore To The Rescue
l New Zealand HouseBuilding Approvals Reach Highest Since May'10
USA
l Consumer Credit Rose In November On U.S. Auto, Student Loans
l Small Business Confidence Nearly Flat For December
Europe
l Eurozone Unemployment Reaches New High
l Euro-Area Economic Confidence Rises More Than Estimated
l German Exports Post Sharp Decline In November
l German Factory Orders Dropped In November On Weak Exports
l U.K. Stores Set For Tough 2013 After'Underwhelming' Holiday
l Ireland Raises $3.3 Billion In First Issue Of 2013
l Euro Gives Up Japan-Inspired Gains
Commodities
l Brent Crude Up As Annual Rebalancing Widens WTI Spread
l Gold Edges Up On Euro, AsiaPhysical Buying
Source: Kenanga
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