U.S. and European Market Roundup
· The DJIA up 113.81 points to 9,370.07 points.
· Major stock indexes barreled higher by more than 1% on Friday after the government said the U.S unemployment rate unexpectedly fell in July for the first time in 15 months and that employers cut fewer jobs.
· European shares hit their highest close in more than nine months on Friday, reversing earlier losses, after unemployment in the United States rose less than expected in July.
Macro and Corporate New
· Bank Islam Malaysia is seeking a controlling equity stake in Indonesia's PT Bank Muamalat to expand into the world's most populous Muslim nation and the sources said it is already engaged in talks with several shareholders of the Indonesian islamic bank.
· Dijaya Corp is targeting to launch Tropicana Residences, its first foreign housing project worth almost RM1 bln in Hyderabad, India, in the second half of next year.
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