News Bits | 17 Jan 2013

IDEAS OF THE DAY

l  Initiating Coverage: HAIO

l  Sector Update: Banking, Plantation

l  On Our Radar: TASCO

l  On Our Technical Watch: ALAM

 

NEWS HIGHLIGHTS

l  Salcon bags RM110.0m sewerage contract in Klang

l  Tradewinds Plantation buys remaining 30.0% of NIASB for RM24.0m

l  MAHB, Macquarie, MAG final 3 bidders for Stansted Aiport

l  Affin gets extension for Muamalat equity acquisition talks

l  Share grant plan for S P Setia satff

l  Scomi Group sets Jan 31 for ‘showdown’ EGM

l  Westports: No decision yet on listing

 

FOREIGN NEWS HIGHLIGHTS

l  TUI AG seeks merger with TUI Travel to cut costs

l  Goldman, Morgan Stanley set USD557.0m Fed mortgage accord

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  World Bank Cuts Growth Forecast For The Global Economy

Asia

l  Bright Regional Growth Prospects

l  Japan Machinery Orders Up More Than Expected, BOJ In Focus

l  China 2012 FDI Suffers First Annual Fall In 3 Years

USA

l  U.S. Industrial Production Rises 0.3% On Equipment Demand

l  Consumer Prices In U.S. Little Changed As Inflation Recedes

l  Foreign Demand For U.S. Assets Rises On Global Slowdown

l  US Fed's Beige Book Says Economy Seeing Modest Growth

Europe

l  IMF Approves 3.2 Billion-Euro Disbursement For Greece.

l  German Government Cuts 2013 Growth Forecast On Euro Woes

l  Germany Gold: Central Bank To Bring Home Some Reserves

l  EU Car Sales Fell 8.2% In 2012, Say Carmakers

Currencies

l  Dollar Edges Up Vs. Euro As Yen’s Recovery Slows

Commodities

l  Brent, U.S. Crude Up After EIA Data Shows Crude Stocks Fell

l  Platinum Reverses Losses On Amplats; Gold Inches Up