Thursday, September 6, 2012

News Bits | 6 Sept 2012


Reports
§  Newz Bits [download report]
 
Malaysian news
§  SP Setia: Battersea acquisition completed
§  Tenaga: Picked by Bangladesh for 1,320MW coal-powered plant
§  PetDag: Petronas Aviation acquisition done
§  PPB: Focusing on core ops
§  AirAsia: In talks to buy Serbia’s JAT Airways
§  BRDB: In JV for RM600m project
§  Magna Prima: Buys 20 acres in Shah Alam for RM100m
§  Automotive: Perodua sees end-of-life vehicle policy
§  Property: EPF opens up race for RRI projects
 
Global news
§  US: Productivity grows more than estimated
§  Europe: Sales declined in July, led by Germany
§  Europe: Services shrink more than estimated as ECB meets
§  Europe: Merkel ally Fuchs says Germany backs Draghi with conditions
§  China: Service industries increase at slower pace, HSBC says
§  South Korea: BoK reduces estimate of 2Q GDP expansion to 0.3%
§  Australia: Economic growth slows