Newz Bits 260112

Reports

§         Newz Bits [download report]

Malaysian news

§         Sime Darby: Acquires Indonesian firm

§         DRB-Hicom: To start work on RM8bn Johor property project

§         Genting Bhd: Sells 100% stake in Genting Oil Natuna and Sanyen Oil

§         KNM Group: KMK Power in exclusive deal with Poplar

§         Can-One: Completes purchase of 32.9% stake in Kian Joo

§         Hunza Properties: Launching RM650m worth of projects

§         Healthcare: Khazanah eyes US$3bn IHH listing

§         Construction: MRT Corp to call for tenders worth RM15bn

Global news

§         US: Fed sets price goal as forecast for inflation declines below 2%

§         US: Fed weighing more bond buying as rate pledge extended to 2014

§         US: Home prices fell 1.8% y-o-y in November

§         US: Contracts to buy homes near 19-month high

§         US: MBA mortgage applications index decreased 5% last week

§         Europe: Business confidence jumps to highest in five months

§         Europe: Germany backs ECB’s opposition to taking loss on Greek debt

§         South Korea: Economy expands 0.4% as export outlook dims

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