U.S. and European Market Roundup
· The DJIA down 185.68 points to 9,310.60 points.
· U.S. stocks fell for a third straight day on Tuesday, spooked by uncertainty over the health of financials and concerns that the explosive rally since March may have run ahead of economic reality.
· European shares posted their biggest one-day percentage fall in two weeks on Tuesday, led by banks and commodity stocks, but analysts said the market was likely to resume its climb after a period of consolidation.
Macro and Corporate New
· OILFAB Sdn Bhd, a unit of Oilcorp, has won a contract from Carigali Hess Operating Co Sdn Bhd to provide a project management team (PMT), onshore fabrication, logistic support, offshore hook-up, and construction and commissioning to Carigali Hess' brownfield retrofit project.
· Malaysian Bulk Carriers (Maybulk) posted a significant improvement in its second quarter ended June 30 against its first quarter, in line with the uptrend in the Baltic Dry Index (BDI).
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