NEWS HIGHLIGHTS
l Foreign workers to pay levy instead of employers with immediate effect (Comment included in Kenanga Today)
l IGB REIT posts RM146.9m profit
l Al-Hadharah Boustead REIT’s earnings fall
l Southern Steel’s 2Q loss wider than a year ago
l Favelle Favco gets RM76.0m orders
l Salcon bags contracts worth RM15.3m
l APM inks JV with Thailand's Tachi
l China Private Equity buys 5.0% in Patimas
l Zenotec to invest RM3.1m in R&D
FOREIGN NEWS HIGHLIGHTS
l Boeing sees no big impact from 787 woes, profit beats
l Fiat profit beats estimates on narrower European losses
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l S. Korean Output Unexpectedly Climbs On Domestic Demand
USA
l US Growth Hit By Surprise Setback
l Fed Keeps USInterest Rates On Hold
l Private Sector Adds More Jobs; Services Lead Way
Europe
l Spain's Recession Worsens In The Fourth Quarter
l Euro-Area Economic Confidence Rises More Than Forecast
Currencies
l Dollar Falls As Fed Stays Aggressive; Euro Climbs
Commodities
l Oil Rises As Economic Optimism Overshadows Weak USData
l Gold Rises On Surprise Drop In US Growth, Fed
Source: Kenanga
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