News Bits | 11 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Plantation

l  On Our Technical Watch: IRCB, KKB

 

NEWS HIGHLIGHTS

l  DiGi, YTL said to be keen on P1

l  Mulpha Land to reduce bank debts by almost half

l  THHE in joint venture with Coral Intoil

l  First coal contract paves way for Mudajaya in India

l  Gabungan AQRS set to win Pahang project worth RM400.0m

l  Sime Darby Property and UEM Sunrise launch Radia

FOREIGN NEWS HIGHLIGHTS           

l  DoCoMo ends Iphone holdout to win back customers

l  Synnex buys IBM's customer care BPO services business for USD505.0m

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  China Industrial Output Hits 17-Month High, Retail Sales Up

l  China Shadow Banking Returns As Growth Rebound Adds Risks

l  India's August Trade Deficit Shrinks As Exports Rise

l  Australia Business Confidence Hits 2-Year High

USA

l  Job Openings In U.S. Fell In July To Lowest In Six Months

Europe

l  U.K. House-Price Index Rises To Highest Since 2006

l  IMF Boss Calls For Speedy Eu Bank Union

l  EU Financial Transaction Tax Illegal, Say Lawyers

Currencies

l  Dollar Jumps To Nearly 7-Week High Vs. Yen

Commodities

l  Brent Back Above $113, Cuts Losses After China Data

l  Gold Falls 1.5 % On Hopes For Syria Solution