Tuesday, July 17, 2012

News Bits | 17 July 2012


Reports
§  Newz Bits [download report]

Malaysian news
§  TM: Capital repayment of 30 sen per share
§  DRB-Hicom: Appoints Che Khalib as COO
§  Tan Chong: Optimistic of recovery in Nissan’s market share
§  Lion Corp: Foreign steel players keen on stake in Megasteel
§  MSC: Koba Tin may not get new deal
§  AZRB: Picks Teraju's Advance Pact under RM600m deal
§  OCK Group: On track to boost recurring income
§  IPO: Glenn Marine eyes listing of its cargo terminal subsidiary
§  Oil & Gas: Market pricing for LNG in the peninsula soon
§  Power: Fate of IPPs to be known in September
§  Utility: Selangor seeks to take over Syabas

Global news
§  US: Sales drop unexpectedly on weak job growth
§  US: Business inventories increased more than forecast
§  US: Manufacturing in New York region grew at a faster pace
§  US: Worst-in-generation drought dims farm economy hopes
§  Europe: ECB said to no longer oppose losses for bank bondholders
§  Europe: German court won’t rule on ESM for 8 weeks
§  Europe: Euro-area inflation held steady in June, imports fell in May
§  China: Foreign investment drops 3% in first half
§  Global: IMF cuts outlook as EU crisis ensnares emerging markets


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