News Bits | 3 April 2013

IDEAS OF THE DAY

l  Sector Update: Education, Rubber Glove

l  Quick Bites: REDTONE

l  On Our Technical Watch: KSL, MFLOUR

 

NEWS HIGHLIGHTS

l  Petronas Gas to issue RM5.0b sukuk?

l  Pharmaniaga enters into RM86.2m MoU

l  TH Heavy Engineering bags RM196.0m Murphy Sarawak Oil job

l  HWGB to raise RM11.3m from private placement

l  UPA disposes its stake in TMP for RM7.0m

l  N2N selected as Philippine Stock Exchange technology partner

l  Brahim's wins 5 more contracts

l  Bina Goodyear’s debt settlement plan gets okay

FOREIGN NEWS HIGHLIGHTS

l  Glencore pushes back Xstrata deal due to China probe

l  Verizon denies report that it’s considering a bid for Vodafone

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia Pacific

l  Abe Warns Over Japan Inflation Target

l  Japan Set To Overhaul Power Industry

l  Philippines To Release New Forex Rules

l  RBA Extends Rate Pause At 3% As Hurdle For Action Rises

USA

l  US Factory Orders Rise Thanks To Aircraft Sales

l  U.S. Credit Jobs Rise Along With Borrowing

l  Dow Jones And S&P Climb To New Highs

Europe

l  Eurozone Unemployment Rate At Record High

l  Euro-Area Manufacturing Contracts Less Than Initially Estimated

l  Spain To Revise Down 2013 GDP Growth Target To -1 %

l  U.K. February Mortgage Approvals Drop More Than Forecast

l  Russia Holds Main Rates For 7th Month, Takes Easing Steps

Currencies

l  Dollar Gains Vs. Yen As BOJ May Opt For More QE

Commodities

l  Brent Higher In Choppy Trading, U.S. Crude Slips

l  Gold Down 1.5 Pct On Wall Street Gains, Economic Hopes