U.S. and European Market Roundup
· The DJIA up 61.29 points to 9,786.87 points.
· Investors cheered a stronger-than-expected earnings report from aluminum giant Alcoa as it swung to a surprise profit during the third quarter, which snapped a three-quarter losing streak.
· The Dow rose 61.29, or 0.6%, to 9,786.87 while the Standard & Poor's 500 index rose 7.90, or 0.8%, to 1,065.48. Bond prices fell, pushing yields higher.
Macro and Corporate New
· Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) is planning to raise some RM1.5 billion from the sale of government-guaranteed Islamic bonds.
· Top Glove Corp Bhd more than doubled its fourth-quarter net profit, driven by strong demand for its products amid the ongoing flu scare.
· Changhuat Corp Bhd, a maker of plastic parts, is investing RM26 million to buy the remaining 37% shares in oil and gas group Arus Demaga Sdn Bhd (ADSB).
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