News Bits | 14 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)                                                                                        

l  Results Note: TOPGLOV

l  Quick Bites: GAMUDA

l  On Our Technical Watch: STAR

 

NEWS HIGHLIGHTS

l  CIMB aims 60.0% overseas business contributions

l  Francis Yeoh wants to privatise more YTL subsidiaries

l  MMC on track to list Malakoff by first half next year

l  Khazanah said to plan RM1.26b IPO of theme parks

l  MAS to add more fuel-efficient A380 superjumbos to assist its turnaround

l  AirAsia to sign USD1.0b engine purchase in Paris

l  Mah Sing plans REIT launch

l  Proton to offer a variant of its cars at lower price this Saturday

FOREIGN NEWS HIGHLIGHTS

l  ISS urges Clearwire shareholders to vote against Sprint deal

l  Fiat said set to reach USD2.6b refinancing deal

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Indonesia Unexpectedly Raises Rate For First Time Since 2011

l  World Bank Cuts China Growth Forecast

l  Australia Adds Workers in May as Rate-Cut Bet Deferred

USA

l  Jobless Claims In U.S. Fell By 12,000 Last Week To 334,000

l  Retail Sales In U.S. Increased More Than Forecast In May

l  US Business Inventories Up, But Sales Are Weak

Europe

l  Greek Unemployment Hits Record High 27.4%

l  France May Veto EU-US Trade Talks

Currencies

n  Dollar Pares Losses From Two-Month Low vs. Yen

Commodities

l  Brent Slips Towards $103 On Demand Worries; Weak Dollar Aids

l  Gold Drops As U.S Data Dims Fed Hopes; PGMs Tumble