News Bits | 7 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)                                                                                        

l  Sector Update: Technology

l  Company Update: ENGKAH

l  On Our Technical Watch: GBGAQRS, MBMR

 

NEWS HIGHLIGHTS

l  Petronas to take over RM1.0b Johor water project

l  Celcom Axiata to set up or upgrade 120 LTE stations in Sarawak

l  Ingress takeover offer extended

l  HeiTech Padu gets RM19.0m government contract

l  Iris Corp in RM12.4m deal

l  Bashir to lead MAHB for another year

l  EPF emerges as substantial shareholder in Prestariang

l  Bursa upbeat on sustaining fund inflow

FOREIGN NEWS HIGHLIGHTS

l  Media General to merge with privately held New Young Broadcasting

l  PepsiCo denies in talks to buy SodaStream

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Thai Rating Not Under Threat

USA

l  Firing Decline Helps Boost Confidence In U.S

l  U.S. Household Worth Tops Pre-Recession Peak For First Time

Europe

l  ECB Keeps Rates On Hold As Confidence Returns To Region

l  Bank Of England Keeps Rates At 0.5% And QE Steady

l  European Central Bank Cuts Growth Forecast

l  German Factory Orders Fall; Economy Struggles To Recover

l  EU Considering Moving Libor Oversight To Esma From U.K

l  French Jobless Rate Climbs To Highest Level In 15 Years

l  European Commission Denies IMF Greece 'Mistakes' Claim

Currencies

l  Dollar Crushed As ECB Stands Pat; Yen Soars

Commodities

l  Brent Slips Below USD103 On Stimulus Worries; Us Stockpile Aids

l  Gold Rises 1 % On Dollar Tumble Ahead Of U.S. Payrolls