Monday, January 14, 2013

News Bits | 14 Jan 2013

Kenanga Today

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

*        Sarawak Conference: The Sarawak Growth Story

*        Company Update: MEDIA

*        Quick Bites: ALAM, SIME, TOPGLOV

*        On Our Portfolio

*        On Our Technical Watch: Weekly Technical

NEWS HIGHLIGHTS


*        Sun Life, Khazanah to buy Aviva/CIMB Malaysia insurance business for USD563.0m

*        HLC may be taken private

*        Bolton unit to sell land for RM100.0m

*        AMMB: Price for MBF Cards is RM641.1m

*        Hap Seng unveils Horizon Residences

*        PJI wins RM23.5m job from Ireka

*        Scomi Marine gets nod for name change

FOREIGN NEWS HIGHLIGHTS

*        Citic buys CWC, Portugal Telecom stakes in Macau telco

*        BP seeks USD3.4b cut in potential oil spill fine

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia


*        Japanese Government Approves $116bn Stimulus Package

*        South Korea Central Bank Holds Rates, Hints At Cut To Come

*        China December Inflation Accelerates On Food Prices

*        India's Industrial Output Contracts, Boosts Odds For Rate Cut

USA

*        Increase In U.S. Imports, Exports Signal Global Pickup

*        U.S. Reports Best Budget Result For December Since 2007

Europe

*        Greek Lawmakers Pass Tax Bill Required For EU, IMF Bailout Funds

*        UK Industrial Production Figures Disappoint

*        UK Economy 'Contracted In Fourth Quarter'

Currencies

*        Dollar Falls Vs. Euro, Yen Stays At June 2010 Low

Commodities

*        Brent Eases Further Below $112 On China Inflation Worries

*        Gold Falls 1% On China Inflation, Ends Week Flat