Monday, April 8, 2013

News Bits | 8 April 2013


IDEAS OF THE DAY
l  Company Update: KOSSAN
l  Quick Bites: MISC
l  On Our Portfolio: A Roller-Coaster Week
l  On Our Technical Watch: Weekly Technical
l  Economic Viewpoint: Trade Feb’13
 
NEWS HIGHLIGHTS
l  Sunway targets RM1.0b from issue
l  AirAsia gets nod to buy stake in Indian venture
l  OM Sarawak gets full funding for ferro alloy smelting project
l  NTPM investing RM61.0m this year to set up a plant in Ho Chi Minh City
l  Gadang in MoU with Cyberview
l  Tekala unit to dispose vessel for RM90.0m
FOREIGN NEWS HIGHLIGHTS
l  Etisalat lines up USD8.0b loan for Vivendi's Maroc stake bid
l  Hutchison Whampoa could take 10.0% of Telecom Italia
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  Decline In Feb Trade On Lesser Working Days And Weak Demand
Asia
l  Japan's Nikkei Tops 13,000 For First Time Since 2008
l  'China Banks Cheat On Micro Financing'
l  Subbarao Sees 1991 Crisis Rerun Unlikely In Trade Deficit
USA
l  Hiring Cools Even As U.S. Jobless Rate Falls To Four-Year Low
l  Obama Budget To Cut Spending, Call For Higher Taxes
Europe
l  German Manufacturing Orders Increase More Than Forecast
l  Key Data Missing At Troubled Bank Of Cyprus – Inquiry
l  Portugal Plans More Spending Cuts After Court Ruling On Salaries
l  Italy To Pay 40 Billion Euros Of State Debts To Firms
Currencies
l  U.S. Dollar Drops After Weak Jobs Report
Commodities
l  Brent Oil Falls To 8-Month Low On Weak U.S. Jobs Report
l  Gold Rallies As Weak U.S. Jobs Data Affirms Fed Easing
at