Kenanga Today : 13 July 2012

NEWS HIGHLIGHTS

- MRT Corp awards four more packages worth RM767.0m

- IHH Healthcare institutional price fixed at RM2.80

- RBS to exclude India business from sale to CIMB

- AirAsia, ST Aerospace ink maintenance pact

- UM Land gets takeover offer

- Pestech arm gets USD36.1m Sarawakjob

- KKB gets RM28.0m contract

- HELP launches Master coaching programme

- Bursa Securities queries Cybertowers after shares tumble

FOREIGN NEWS HIGHLIGHTS

- P&G directors said to discuss need to replace CEOMcDonald

- AvastSoftware sees IPO priced at USD9-USD11 a share

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Asia Pacific

- Asia More Resilient, Outlook Solid, Says IMF

- Bank Of KoreaUnexpectedly Cuts Benchmark Interest Rate

- China New Yuan Loans Top Forecasts; ForexReserves Shrink

- BoJ Refrains From Adding Stimulus, Spurring Stock Decline

- Indian Industrial Output Rebounded In May From A Decline

- Australia Employment Drops Unexpectedly, Ups Bets OnRate Cut

USA

- Jobless Claims Sink To Four-Year Low

- Import Prices In U.S. Fell In June By Most Since2008

- Consumer Comfort In U.S. Stagnates Amid Unemployment

Europe

- Republic Of Ireland Growth In 2011 Twice Previous Estimate

Currencies

- Dollar, Yen Gain As Stimulus Hopes Fade

Commodities

- Oil Drops On Demand Concern Amid Signs Economy Slowing

- Gold Down On Fed Stimulus Outlook, Dollar Rise

Source: Kenanga