Monday 17 December 2012

Kenanga Today - 17 Dec 2012


NEWS HIGHLIGHTS
l NTPM 2Q profit up 31.0%
l Bank Muamalat posts lower profit
l Berjaya Media sinks into the red
l Tebrau Teguh in RM335.0m job
l Scomi passes first hurdle as SC approves bond
l Al-Hadharah registers RM20.0m revaluation gain
l IJM India to launch RM168.0m project in Hyderabad
l Gamuda extends MD's contract

FOREIGN NEWS HIGHLIGHTS
l UBS faces USD1.6b fine over Libor rigging: paper
l Barclays says USD470.0m ferc penalty won’t stand in court
l Symetra said to join Apollo in bid for Aviva’s U.S.unit

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l Japan Tankan Survey Shows Business Sentiment Worsening
l European Union, Singapore Complete Free Trade Pact Negotiations
l China HSBC December Flash Manufacturing PMI Firms To 50.9
l China To Keep Steady Policies, Deepen Reforms In 2013
l India's Inflation Rate Slows Further In November
l Pakistan Cuts Key Rate To 5-Year Low As Power Crisis Hits Growth
USA
l Industrial Production In U.S.Jumps On Rebound From Sandy
l Factories Hum At Eight-Month High In December
l Consumer Prices In U.S. Decline More Than Forecast
Europe
l Deeper Eurozone Union 'Agreed' - Germany's Merkel
l Eurozone Manufacturing Sees 'Signs Of Moderating'
l UK Construction OutputFalls At Slower Rate In October
Currencies
l Dollar FallsVs. Yen Before JapanVote; Euro Gains
Commodities
l Oil Rises On ChinaData As January Brent Nears Expiry
l Gold Heads For 3rd Weekly Drop; US Budget Talks Eyed
Source: Kenanga

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