U.S. and European Market Roundup
· The DJIA down 26.00 points to 9,070.72 points.
· U.S stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.
· European shares rose on Wednesday, as a slew of corporate earnings releases encouraged investors with chemicals companies among the biggest gainers.
Macro and Corporate New
· Boustead is selling its Indonesian oil palm estates and its insurance business under BH Insurance (M), and expects to raise up to RM730 mln from the rights issue Boustead Holdings expects to raise about RM1.3 bln by the end of this year from a rights issue and the sale of existing businesses to cut debt and fund expansion.
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