.S. and European Market Roundup
· The DJIA down 96.50 points to 9,241.45 points.
· U.S stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.
· Europe stock declined the most in two weeks as a retreat by financial companies and basic-resource producer’s overshadowed better-than-estimated earnings from International Power Plc.
Macro and Corporate New
· AMMB Holdings, the country's fifth largest banking group, posted a 27% increase in its first-quarter net profit, although it more than doubled the money set aside to cover potential bad loans.
· Malaysia Building Society (MBSB) a mortgage provider, said its second quarter net profit fell 41 per cent to RM8.43 mln due to higher provisions and taxes.
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