News Bits | 5 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)                                                                                        

l  Quick Bites: ALAM

l  On Our Technical Watch: BENALEC, GOB

 

NEWS HIGHLIGHTS

l  SapuraKencana unit awarded USD35.0m job (Comment included in Kenanga Today)

l  UEM, Bina Puri seek RM300.0m from MAHB

l  Tycoon sells Tropicana stake worth RM33.8m

l  Bina Puri to raise RM44.0m capital

l  Axiata in talks with Idea

l  Vincent Tan raises stake in REDtone

l  Che Khalib tipped to head MMC

l  Bid to oust Nakamichi CEO

FOREIGN NEWS HIGHLIGHTS

l  Salesforce to pay USD2.5b for ExactTarget in social marketing bet

l  IBM to buy website hosting service SoftLayer

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Malaysia To Achieve 3-4% Productivity Growth This Year

Asia Pacific

l  China Home Prices Up For 12th Straight Month In May

l  Aussie Central Bank Keeps Rates At 2.75pc

USA

l  Trade Deficit In U.S. Widened From Three-Year Low

Europe

l  Euro Zone Factory Prices Near Four-Year Low On Energy Slide

l  Spain's Jobless Total Falls In May

l  UK Construction Sector Returns To Growth

l  IMF Urges France To Introduce Fresh Economic Reforms

Currencies

l  Dollar Gains As Fed Speakers Take The Stage

Commodities

l  Brent Oil Up 1 Pct On South Korea Import Rebate Rumor

l  Gold Down 1 Pct As India Extends Bullion Import Ban