News Bits | 22 Feb 2013

l  Results Note: AXIATA, AFFIN, CENSOF, GAB, GENS, IOICORP, JCY, KLCCP, MAYBANK, MHB, NESTLE, NOTION, P&O, PETGAS, POS, UEMLAND and YTLPOWR
l  Company Update: QL
l  Quick Bites: BPURI
l  On Our Technical Watch: PWROOT

NEWS HIGHLIGHTS

l  YTL Corp Q2 earnings advance 10.6%
l  Johor govt, Syed Mokhtar in fray for KL-S’pore rail job
l  AirAsia says no more JVs for now
l  DRB-Hicom and partner to bid for Saudi airport job
l  Mitrajaya wins RM61.3m contract
l  Edaran Tan Chong eyes 40.0% hike in sales

FOREIGN NEWS HIGHLIGHTS

l  HP forecast beats Street
l  Linn to buy Berry Petroleum for USD2.5b to add oil reserves
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia

l  China Central Bank Chief Set To Keep Job In Reshuffle: Sources

USA
l  U.S. Jobless Claims Rise For First Time In Three Weeks
l  Previously Owned U.S. Home Sales Climb To 4.92 Million
l  Consumers In U.S. Hold Negative Economic Outlook As Fuel Climbs
l  Index Of U.S. Leading Economic Indicators Rose In January
l  Fed Signals Possible Slowing Of QE Amid Debate Over Risks
Europe
l  U.K. Budget Surplus Swells, Boosted By Boe Gilt Income
l  ECB Profits From Greek Bonds; Promises Funds For Athens
l  Euro Zone Recovery Hopes Dealt A Blow In Feb: PMIs
Currencies
l  Dollar Rises After Fed Voter’s Remarks; Euro Drops
Commodities
l  Oil Extends Sell-Off, Brent Hits 3-Week Low Below $114
l  Gold Up As Data Boosts Fed Stimulus Hope After Drop