Wednesday, July 17, 2013

News Bits | 17 July 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Company Update: TENAGA
l  Quick Bites: BOUSTEAD, MAXIS
l  On Our Technical Watch: ALAM, GADANG
 
NEWS HIGHLIGHTS
l  Alliance incentive plan on hold
l  Maxtral unit sells assets under receivership
l  UMW Oil & Gas Corp plans to raise up to RM2.4b
l  Ranhill fixes IPO price at RM1.85 a share
l  Harvest Court to sell hotel in Kota Kinabalu
l  Puncak gains ground on investor interest
FOREIGN NEWS HIGHLIGHTS       
l  Chevron, Argentina's YPF sign USD1.2b Vaca Muerta shale deal
l  Coca-Cola profit hit as global economy, weather misbehave
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  ADB Lowers Forecast For Developing Asia
l  China’s Treasuries Holdings Hit Record As Investors Sell
l  China Adds 7.25m Jobs In First Half
l  China To Avoid ‘Wide Fluctuations’ In Economy, Li Says
USA
l  Consumer Prices In U.S. Rise More Than Forecast On Fuel
l  Homebuilder Confidence In U.S. Increases More Than Forecast
l  Industrial Output In U.S. Rises By Most In Four Months
Europe
l  UK Inflation Rate Rises To 2.9% In June
l  Eurozone Employment Picture Bleak, Says OECD
l  European Car Sales Suffer Worst June Total Since 1996
l  Poland To Relax Budget And Fiscal Rules To Stimulate Economy
Currencies
l  Dollar Falls As Investors Await Bernanke Testimony
Commodities
l  Brent Rises As U.S. Gasoline Hits 4-Month High
l  Gold Up As Stable CPI Eases Stimulus Tapering Fears
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