News Bits | 18 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Visit Note: ALAQAR

l  Results Note: AEONCR

l  Quick Bites: HUAYANG, MRCB

l  On Our Radar: TAMBUN

l  On Our Technical Watch: HARTA, TIMECOM

 

NEWS HIGHLIGHTS

l  MAHB imposes penalties on UEMC-BP

l  Mah Sing denies buying land in Bukit Kiara Park

l  Naim may divest part of Dayang stake to unlock value

l  Pacific & Orient diversifies into property development

l  Kinsteel MD disposes shares

l  Protasco going back to Libya, seeking compensation from Libyan Govt

l  Konsortium Logistik eyes 10.0% rise in revenue

 

FOREIGN NEWS HIGHLIGHTS

l  Kabel Deutschland confirms preliminary offer from Liberty Global

l  Elan Investors approve buyback to force Royalty bid end

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  Tax Evasion Targeted By OECD G8 Report

Asia

l  India Leaves Rates Unchanged, Warns of Inflationary Risks

America

l  Homebuilder Confidence In U.S. Rises To A Seven-Year High

l  Stripping Treasuries Up Most Since 2011 As Real Yields Gain

l  Videgaray Says Mexico’s Growth To Quicken As Spending Increases

Europe

l  U.S.- EU Talks On ‘Biggest Trade Deal In History’ Start In July

l  Portuguese, Irish Bonds Advance As Investors Await Fed Meeting

Currencies

l  Dollar Snaps Four-Day Lose Streak Against Yen

Commodities

l  Brent Crude Oil Dips Before U.S. Fed Meeting

l  Gold Slips As U.S. Equities Rise, FOMC In Focus