U.S. and European Market Roundup
· The DJIA up 56.07 points to 9,497.34 points.
· U.S stocks advanced on Tuesday on an uptick in corporate deal activity while the weak Dollar led to gains in commodities, lifting shares of oil and mining companies.
· European shares closed higher on Tuesday for the third consecutive session, with commodity stocks rising on the back of firmer crude and metal prices, while M&A activity boosted telecoms.
Macro and Corporate New
· Green Packet, a telecommunications and broadband service provider, plans to buy a stake in a foreign WiMAX licensee by the end of this year as it expands its wireless broadband business outside the country.
· Singapore Calyon and Natixis are among seven banks that agreed to lend RM2.45 bln to YTL Power International Bhd for its acquisition of PowerSeraya Ltd.
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