Journey to Wealth

Kenanga Today - 8 Feb 2013

kiasutrader
Publish date: Fri, 08 Feb 2013, 09:15 AM

NEWS HIGHLIGHTS
l MBf Holdings CEO launches takeover at RM1.50 a share
l Lower minority interest boosts OSK Property 4Q profit
l Berjaya Assets 2Q net profit down 45.0%
l MRCB-Gapurna deal firms up
l Toyo Ink to go ahead with bonus issue, amendments
l KUB inks MoU to cultivate oil palm plantations in Sibu
l Tanjung Offshore seeks foreign partner
l Datasonic buys property in PJ for RM14.5m
l Digistar in central monitoring tie-up

FOREIGN NEWS HIGHLIGHTS
l Charter to buy Optimum West from Cablevision for USD1.6b
l LinkedIn profit, sales beat estimates

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia Pacific
l India Cuts Economic Growth Forecast To 5%
l PBOC Signals Inflation Concern As Economy Rebounds
l Australia January Employment Rises
USA
l Productivity Falls While New Claims Edge Down
l Consumer Credit In U.S. Rises On Surge In Non-Revolving Debt
l Obama Looks For 'Big Deal' On Spending Cuts And Taxes
Europe
l Europe's Economy Still Weak: ECB's Draghi
l BOE To Reinvest Maturing Gilts As Stimulus Policy Sustained
l Irish Debt Deal To Cut Borrowing By 20 Billion Euros
l U.K. Manufacturing Rises Most Since July On Machinery Output
l Spain Borrowing Costs Rise Amid Corruption Allegations
l EU Budget Summit: Cameron Demands Further Cuts
Currencies
l Euro Tumbles As ECB's Draghi Talks It Down
Commodities
l Brent Edges Up On Iran Tensions
l Gold Down In Volatile Trading On Renewed Euro Fears

Source: Kenanga
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