Journey to Wealth
Kenanga Today - 17 Jan 2013
NEWS HIGHLIGHTS
l Salcon bags RM110.0m sewerage contract in Klang
l Tradewinds Plantation buys remaining 30.0% of NIASB for RM24.0m
l MAHB, Macquarie, MAG final 3 bidders for Stansted Aiport
l Affin gets extension for Muamalat equity acquisition talks
l Share grant plan for S P Setia satff
l Scomi Group sets Jan 31 for 'showdown' EGM
l Westports: No decision yet on listing
FOREIGN NEWS HIGHLIGHTS
l TUI AG seeks merger with TUI Travel to cut costs
l Goldman, Morgan Stanley set USD557.0m Fed mortgage accord
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Global
l World Bank Cuts Growth Forecast For The Global Economy
Asia
l Bright Regional Growth Prospects
l Japan Machinery Orders Up More Than Expected, BOJ In Focus
l China 2012 FDI Suffers First Annual Fall In 3 Years
USA
l U.S. Industrial Production Rises 0.3% On Equipment Demand
l Consumer Prices In U.S. Little Changed As Inflation Recedes
l Foreign Demand For U.S. Assets Rises On Global Slowdown
l US Fed's Beige Book Says Economy Seeing Modest Growth
Europe
l IMF Approves 3.2 Billion-Euro Disbursement For Greece.
l German Government Cuts 2013 Growth Forecast On Euro Woes
l Germany Gold: Central Bank To Bring Home Some Reserves
l EU Car Sales Fell 8.2% In 2012, Say Carmakers
Currencies
l Dollar Edges Up Vs. Euro As Yen's Recovery Slows
Commodities
l Brent, U.S. Crude Up After EIA Data Shows Crude Stocks Fell
l Platinum Reverses Losses On Amplats; Gold Inches Up
Source: Kenanga
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