News Bits | 10 July 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Quick Bites: FGV, SKPETRO

l  On Our Technical Watch: JCY, PADINI

 

NEWS HIGHLIGHTS

l  KEuro kickstarts WCE

l  QL Resources invests in trading unit in Indonesia

l  KL-S’pore HSR gathers momentum

l  ABM Fujiya IPO Oversubscribed 9.8 Times

l  Perduren to sell property for RM11.0m

l  Mahb eyes RM1.5b revenue from non-aviation segment

FOREIGN NEWS HIGHLIGHTS       

l  Biotech company Intrexon files for IPO of up to USD125.0m

l  Kroger agrees to buy grocer Harris Teeter for USD2.5b

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  IMF Reduces Global Growth Outlook As U.S. Expansion Weakens

Asia

l  China Faltering Demand Proved As Producer Prices Slump

l  China's Inflation Rate Rises To 2.7%

USA

l  More Job Openings Signal Optimism About U.S. Growth

l  Obama Sees 2013 Deficit Lowest In Five Years, GDP Growth At 2.0%

Europe

l  Italy's Credit Rating Has Been Downgraded By S&P

l  Greek Outlook Bleaker Than Lenders Think

l  IMF raises UK Economic Growth Forecast

l  U.K. House-Price Index Rises As Demand At Four-Year High

l  British Manufacturing Decline Casts Doubt On Recovery

l  Libor Interest Rate To Be Controlled By NYSE Euronext

Currencies

l  Dollar Scores 3-Year High Vs. British Pound

Commodities

l  Oil Prices End Moderately Higher, Stifled By Dollar

l  Gold Rises 1 Pct On Physical Buying, China Inflation