Tuesday, July 2, 2013

News Bits | 2 July 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Market Strategy: 3Q13 Investment Strategy
l  Company Update: BJTOTO, SKPETRO
l  Quick Bites: GENM
l  On Our Radar: Tracker Review
l  On Our Technical Watch: CANONE, KPS
 
NEWS HIGHLIGHTS
l  Petronas’ new company to focus on marginal fields
l  UEM Sunrise eyes land in S'pore
l  DBS Group’s Tan named HLB MD and chief exec
l  KLIA traffic to soar past 40.0m mark
l  Westport: IPO at application stage
l  Port Klang has capacity to handle almost 20.0m TEUs by 2016
FOREIGN NEWS HIGHLIGHTS
l  Siemens’s route 66 ends at USD2.2b sale to Nokia
l  Pfizer, Novartis may join Amgen in bidding for Onyx
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  Tankan: Japanese Business Sentiment Turns Positive
l  S. Korea June Recovery Still Fragile, Data Show
l  S’pore Home Prices Up Again
l  China Manufacturing Growth Rate Slows
l  Indonesia’s Inflation Hits 5.9%
USA
l  Factories Rebound In June, But Hiring Down
l  US Construction Spending Up 0.5 % In May
Europe
l  Euro Zone June Manufacturing PMI Rises To 16-Month High Of 48.8
l  Euro-Area May Unemployment Rate Rises To 12.1% Amid Recession
l  UK Manufacturing Growth At Two-Year High, PMI Survey Shows
l  Portugal's Finance Minister Quits
Currencies
l  Dollar Rises Vs. Yen After Manufacturing Data
Commodities
l  Brent Drops Below $102 On Weak Chinese Factory Data
l  Gold Rebounds After Biggest Quarterly Drop On Record
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