Monday, July 1, 2013

News Bits | 1 July 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Plantation
l  Results Note: YINSON, SKPETRO
l  Quick Bites: FGV
l  On Our Technical Watch: Monthly Technical Review
l  Economic Viewpoint: Money Supply & Loans Growth May ‘13
 
NEWS HIGHLIGHTS
l  HLBB to announce new head
l  Sime Darby gets nod to clear land in Liberia
l  Ta Ann banks on maturing plantations
l  Integrated Logistics unit to sell stakes in two firms for RM519.0m
l  MPHBCap looks to dispose of assets
l  TNB plans to upgrade Kenyir plant to 460MW
FOREIGN NEWS HIGHLIGHTS
l  Sprint shareholders give thumbs up to SoftBank deal
l  Ford Sees SUVs Filling Russia Gap, Aiding European Unit
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  RM48.6bil Invested In East Coast Economic Region
Asia
l  Central Banks Optimistic On Regions Resilience
l  Singapore Takes Further Steps To Cool Housing Market
l  Chinese Banking System Stable, Says Regulator
l  China Finds 'Violations' In Lending By State-Owned Banks
USA
l  US Consumer Sentiment Comes In Higher Than Expected In June
l  Pending Home Sales Soar 6.7 % To Reach 6-Year High
l  Central Banks Sell Record Sums Of US Debt
Europe
l  EU 'First Step' To Help Europe's Jobless Youths
l  New BOE Boss Faces Stimulus Battle
l  Spain Announces Tax Hikes To Combat Economic Slump
l  Cyprus Debt In Default Over Bond Swap
Currencies
l  Dollar Rises, But Nets Monthly Loss Against Rivals
Commodities
l  Brent Posts 3rd Quarterly Loss, Premium To US Oil Lowest Since 2011
l  Gold Posts Worst Quarter On Record
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