News Bits | 12 April 2013

IDEAS OF THE DAY

l  Quick Bites: AXIATA, MAS

l  On Our Technical Watch: KIMLUN

l  Economic Viewpoint: Industrial Production Feb ‘13

 

NEWS HIGHLIGHTS

l  EPF accepts Petronas offer for MISC stake

l  Trading in KLCCP to be suspended

l  Mitrajaya secures RM11.73m contract from ECER

l  AQRS launches new project in Iskandar

l  MBF Holdings privatization offer upped

l  Tomei to pay 2.0 sen dividend

FOREIGN NEWS HIGHLIGHTS

l  Apax, Morgan Stanley look to sell Hub

l  Time Warner said to be frontrunner in bid for Calik’s ATV

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Industrial production for the month of February shrunk by 4.5% YoY

Asia Pacific

l  Indonesia Holds Rate As Fuel-Subsidy Plan Raises Price Risk

l  Japan Machinery Orders Clock Fastest Rise In 2 Years

l  'Abenomics' Start To Pay Dividends

l  Bank Of Korea Resists Rate-Cut Pressure Amid Threats Of War

l  China Lending Tops Forecasts While Adding To Financial Risks

l  Australia’s Unemployment Rate Jumps To Three-Year High

USA

l  Jobless Claims Drop Affirms Labor Market Progress

Europe

l  Greek Unemployment Rate Hits Record 27%

l  Cost Of Cyprus Bailout 'Rises To 23bn Euros'

l  Cyprus May Sell Some Gold Reserves To Help Fund Bailout

Currencies

l  Dollar Encounters Resistance Just Below ¥100

Commodities

l  Brent Slips Further Below $106 On Renewed Demand Worries

l  Gold Rebounds From 1-Week Low As Dollar Slips