News Bits | 8 April 2013

IDEAS OF THE DAY

l  Company Update: KOSSAN

l  Quick Bites: MISC

l  On Our Portfolio: A Roller-Coaster Week

l  On Our Technical Watch: Weekly Technical

l  Economic Viewpoint: Trade Feb’13

 

NEWS HIGHLIGHTS

l  Sunway targets RM1.0b from issue

l  AirAsia gets nod to buy stake in Indian venture

l  OM Sarawak gets full funding for ferro alloy smelting project

l  NTPM investing RM61.0m this year to set up a plant in Ho Chi Minh City

l  Gadang in MoU with Cyberview

l  Tekala unit to dispose vessel for RM90.0m

FOREIGN NEWS HIGHLIGHTS

l  Etisalat lines up USD8.0b loan for Vivendi's Maroc stake bid

l  Hutchison Whampoa could take 10.0% of Telecom Italia

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Decline In Feb Trade On Lesser Working Days And Weak Demand

Asia

l  Japan's Nikkei Tops 13,000 For First Time Since 2008

l  'China Banks Cheat On Micro Financing'

l  Subbarao Sees 1991 Crisis Rerun Unlikely In Trade Deficit

USA

l  Hiring Cools Even As U.S. Jobless Rate Falls To Four-Year Low

l  Obama Budget To Cut Spending, Call For Higher Taxes

Europe

l  German Manufacturing Orders Increase More Than Forecast

l  Key Data Missing At Troubled Bank Of Cyprus – Inquiry

l  Portugal Plans More Spending Cuts After Court Ruling On Salaries

l  Italy To Pay 40 Billion Euros Of State Debts To Firms

Currencies

l  U.S. Dollar Drops After Weak Jobs Report

Commodities

l  Brent Oil Falls To 8-Month Low On Weak U.S. Jobs Report

l  Gold Rallies As Weak U.S. Jobs Data Affirms Fed Easing