U.S. and European Market Roundup
· The DJIA up 14.81 points to 8,178.41 points.
· Most U.S stocks fell as concern second-quarter earnings will disappoint investors overshadowed a Treasury plan to remove as much as $40 bln in toxic assets from financial firms.
· European stocks declined for the fifth straight session on Wednesday to their lowest closing level in 10 weeks as investors faced further signs that the pace of economic recovery will not be quick.
Macro and Corporate New
· Axiata said there is nothing on the table with regard to the purchase of assets owned by Millicom International Cellular SA in Asia.
· IJM Plantations has proposed a rights issue to raise about RM336.56 mln to part finance the development of its existing and future oil palm plantations, mainly in Indonesia.
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