News Bits | 8 July2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  On Our Portfolio: Consolidation mode remains

l  Economic Viewpoint: Trade Balance May ‘13

 

NEWS HIGHLIGHTS

l  Bumi Armada extends its wins (Comment included in Kenanga Today)

l  Telekom Malaysia joining 4G bandwagon

l  Sona to emerge largest SPAC

l  HELP plans corporate exercise

l  Klia2 to start operation on May 2, 2014, assures Transport Minister

l  BNM implements measures to curb rising household debt

l  Eastland Equity in the limelight again

 

FOREIGN NEWS HIGHLIGHTS       

l  FCC gives official nod to deals by SoftBank, Sprint, Clearwire

l  Chinese insurer buys London’s Lloyds Building for USD388.0m

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  Bond Funds Worldwide Gain $2 Billion After Record Outflow

Asia

l  Tokyo To Tighten Rate Monitoring

l  Indonesia: Consumer Confidence Falls On Fears Of More Price Hikes

l  Philippine June Inflation Up

USA

l  Positive US Jobs Numbers Add To Rate Rise Speculation

Europe

l  Transatlantic Trade Talks Set To Open Amid Tensions

l  UK House Prices Rising 'At Fastest Annual Rate For Three Years'

Currencies

l  Dollar Index Hits 3-Year High On Fed Views

Commodities

l  U.S. Crude Holds Above $101 Ahead Of Jobs Data

l  Gold Falls 3 Pct As U.S. Jobs Data Beat Forecast