Kenanga Today : 24 July 2012

NEWS HIGHLIGHTS

- Cycle & Carriage Q2 pre-tax profit down

- Tanjung Offshore declares 35 sen special dividend

- AMMB to pay dividend of 13.5%

- Ekovest gets RM253.3m job to expand part of expressway

- Digistar to place out 10.0% of new shares

- IWH’s offer for Tebrau Teguh extended by two weeks

- Faber hopes to get extension for hospital support servicesconcession soon

FOREIGN NEWS HIGHLIGHTS

- China's CNOOC to buy Canada's Nexen for USD15.1b

- Germany's Benckiser to buy Peet's Coffee for USD1.0b

 ECONOMIC NEWS HIGHLIGHTS (MACROBITS)

Asia Pacific

- Japan Sees Wider Global Slowdown As ChinaGrowth Cools

- Japan Share Of EuropeRescue Debt Slides As Yields Turn Negative

- Australian Producer Prices Rose 0.5% Last Quarter On Imports

Europe

- Spain Slump Deepens As Bailout Fears Grow

- Spain Bans Short-Selling Of Shares As MarketsFall

- Moody's Warns On Germany's Aaa Credit Rating

- Creditors To Audit Greek Progress On Debt Reduction

Currencies

- Dollar Tops 2-Year High On Greece,SpainFears

Commodities

- Oil Tumbles Most This Year On European Debt Crisis

- Gold Off Lows On Safety Bids, Outperforms Equities

Source: Kenanga