News Bits | 12 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)                                                                                        

l  Quick Bites: MUHIBAH

l  On Our Technical Watch: PRESBHD, PTARAS

l  Economic Viewpoint: April ’13 Industrial Production

 

NEWS HIGHLIGHTS

l  San Miguel seals deal to sell control of banking unit to CIMB

l  DRB-Hicom: Plan to access China vehicle market

l  BIMB gets Bank Negara nod to start talks with Tabung Haji

l  AirAsia might exit partnership with Nippon Airways

l  Offer for MPHB Cap shares extended

l  Pesona Metro bags RM87.2m contract from Putrajaya

l  Benalec EGM okays 'undervalued' land sale despite shareholders' objection

FOREIGN NEWS HIGHLIGHTS

l  SoftBank raises Sprint offer, wins key shareholder support

l  Vodafone said to approach Kabel Deutschland about possible bid

 

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Production In The Month Of April Rebounded By 4.7%

Asia

l  Kuroda’s April-Was-Enough Message Faces Investors Wanting More

USA

l  Drop In Job Openings Tempers U.S Hiring Prospects

l  Wholesale Inventories Rise Mildly, Auto Stock Surge

l  US Small Business Confidence Hits One-Year High in May

Europe

l  ECB’s Eurozone Rescue Scheme Challenged In Germany

l  Green shoots for UK housing market, says Rics

l  U.K. Industrial Output Increased on Mining in April

Currencies

l  The Dollar Falls 3% Vs. Yen On Central Bank Inaction

Commodities

l  Oil Pares Losses Despite Fears Of Central Bank Tightening

l  Gold Down, Worries Over Central Bank Stimulus Weigh