Journey to Wealth
Kenanga Today - 18 Feb 2013
NEWS HIGHLIGHTS
l P&O to use RM37.0m from insurance unit sale to pay special dividends
l Terberg-Sime JV wins tractor contract
l Lingui posts loss on changes at associate firm
l Metronic's MiCare to sell for RM10.2m
l Azim, allies set to get Patimas board seats
l Azizul Rahman backs listing of TerraGali
FOREIGN NEWS HIGHLIGHTS
l GM paid USD119.0m for 1.0% stake in China JV
l Natixis plans EUR2.0b payout after stake sale
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Global
l G20 Vows To Combat Corporate Tax Avoidance
Asia
l China New Year Retail Sales Growth Slows On Frugal Drive
USA
l Industrial Production Drops 0.1% On Weak Manufacturing
l Bernanke Says Economy Far From Recovering Full Strength
Americas
l Jamaica Agrees $750m IMF Loan Terms
Europe
l Euro Zone Dec Trade Surplus Rises As Imports Sink
l UK Retail Sales Fall Unexpectedly In January
l Spanish, Italian Bonds Gain As Sales Allay Funding Fears
Currencies
l Dollar Gains As Yen Weakens With Focus On G-20
Commodities
l Oil Sinks, Brent Headed For First Weekly Loss Since Jan
l Gold Drops Over 3.7% In Week On Technical Selling
Source: Kenanga
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