News Bits | 16 December 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Oil & Gas

l  Results Note: BJTOTO

l  Company Update: KOSSAN

l  Quick Bites: PUNCAK, TM

l  On Our Radar: On Our Portfolio

 

NEWS HIGHLIGHTS

l  MAHB eyes GMR's 40.0% stake in Istanbul's Sabiha Gokcen International Airport

l  TNB unit plans RM4.0b sukuk

l  Felda Global Ventures in talks to buy SPC Biodiesel

l  Khairussaleh is RHB Bank CEO

l  Maximising resources

l  Alfa Romeo and Fiat for DRB-Hicom

l  O&G services to drive profits

 

FOREIGN NEWS HIGHLIGHTS 

l  Watchdog tells BlackRock to show its hand before Telecom Italia EGM

l  T-Mobile shares jump on report that Sprint may make offer

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 

Asia

l  Japan Nudges Up 2014 Fiscal Growth Forecast

l  Japan, Myanmar Ink Investment Pact

USA

l  Producer Prices Slip In November, Hinting At Lack Of Inflation

Europe

l  Ireland PM Enda Kenny Says The Country's 'Credibility' Is Restored

l  Post-Bailout Ireland Looks For Tax Cuts

l  UK House Building Lifts October Construction Output, ONS Says

Currencies

l  Japan Expands Deals

l  Aussie Slumps 1.6% Vs. U.S. Dollar For The Week

Commodities

l  U.S. Oil Slips On Fed Tapering Speculation

l  Gold Rises 1 Pct On Bargain Hunting, Posts Weekly Gain