News Bits | 7 Dec 2013

Kenanga Today

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  On Our Portfolio

l  Technically Speaking: Weekly Technical 

NEWS HIGHLIGHTS

l  Perdana Petroleum subsidiaries secure RM70.0m contracts

l  Giant timber concession for Permaju

l  CIMB Aviva suitors to be known this week

l  Proton to invest up to RM2b to develop Proton City

l  TH Heavy sets sights on RSC

l  Tan to replace Tong at Dijaya

l  Bursa queries Adventa on price surge

l  MQ Tech reports suspected cash embezzlement 

FOREIGN NEWS HIGHLIGHTS

l  Air France-KLM in advanced talks for Alitalia: report

l  Toyota plans no new plant construction until 2016 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  Banks Win Watered Down Liquidity Rule After Basel Group Deal

Asia

l  China To Boost Urban Transport As City Congestion Worsens

USA

l  US Unemployment Rate Holds Steady In December At 7.8%

l  Services In U.S. Expand At The Fastest Pace In 10 Months

l  Orders To U.S. Factories Unchanged As Non-Durables Decrease

l  US Car Sales Rise 13.4% To Hit Five-Year High

Europe

l  UK Service Sector Activity Falls In December

l  Germany Retail Sales Higher In 2012

l  Merkel Shifts Focus To Economy From Debt As State Election Nears

Currencies

l  Dollar Cuts Into Weekly Rise After Jobs Data

Commodities

l  Brent Crude Falls, Demand Concerns Offset US Jobs Data

l  Gold Drops But Pares Losses After U.S. Payrolls