News Bits | 17 April 2013

IDEAS OF THE DAY

l  Results Note: CMMT

l  Quick Bites: GAMUDA, MMCCORP, UEMLAND, WCT

l  On Our Technical Watch: LBS, NAIM

 

NEWS HIGHLIGHTS

l  SapuraKencana Petroleum could take on RM6.0b more debt

l  SP Setia seeking more land in Sabah for development

l  Ingress receives takeover offer at RM1.85/share

l  Willowglen wins RM12.0m Singapore deal

l  Dijaya faces denial from state on land deal

l  Paramount Corp executive deputy chairman to be interim CEO

l  Y.S.P proposes dividend of 6.5 sen

FOREIGN NEWS HIGHLIGHTS

l  Atlas Pipeline enters Eagle Ford shale with USD1.0b buy

l  Yahoo sales forecast misses estimates

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  IMF Cuts Global Growth Outlook As Europe Demand Urged

Malaysia

l  IMF: Growth In Asean 5 Will Remain Strong

Asia Pacific

l  S Korea In $15.3bn Stimulus Bid To Spur Economic Growth

l  N.Z. Consumer Prices Rise Less Than Forecast

USA

l  Housing Starts Top Estimates; CPI Inches Lower

l  Heating Demand Fuels Us Industrial Production Rise

Europe

l  EU Tightens Up Bank Lending Rules And Bonuses

l  IMF Lowers UK Growth Forecast For 2013 Again

l  UK Inflation Rate Held Steady At 2.8% In March

l  UK House Price Inflation Down But Disparity Up, Says ONS

Currencies

l  Dollar And Yen Drop While Euro Gains.

Commodities

l  Brent Below $100

l  Gold Settles Higher After Prior Session Plunge