Journey to Wealth
Kenanga Today - 29 Jan 2013
NEWS HIGHLIGHTS
l Petronas aborts RSC award
l Daya Materials secures RM228.0m building job
l SPK Sentosa unit bags RM143.0m job
l Hua Yang plans RM1.5b mixed project in Puchong
l Maybank injecting USD100.0m in the Philippines
l KBB buys stake in China's Tianxia
l Minority Shareholders Watchdog Group to check on complaints from minority shareholders of Bright Packaging
FOREIGN NEWS HIGHLIGHTS
l Hess exits storage, refining; fund may seek board seats
l Goldman Sachs to raise USD1.0b selling stake in ICBC
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l Abe Predicts Bump In Revenue As Japan Emerges From Recession
l Singapore Manufacturing Investments Seen Slowing
l China December Industrial Profits Up 17% On Year
l Burma Gets Asian Development Bank And World Bank Loans
USA
l US New-Home Sales In 2012 Reach Three-Year High
l Durable-Goods Demand Points To U.S. Factory Pickup
l Pending Sales Of Existing Homes In U.S. Decreased 4.3%
Europe
l UK GDP: Economy Shrank At End Of 2012
l Italian Consumer Confidence Declines To 17-Year L
l Eurozone Lending Shrinks For Eighth Month
l Euro Periphery Draws Back €100bn
l ECB Loans: European Banks To Repay Early
Currencies
l Dollar Clings To Gains After Economic Data
Commodities
l Oil Rises As Hess Refinery Closure Boosts Gasoline
l Gold Languishes Near 2-Week Low On Recovery Optimism
Source: Kenanga
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