News Bits | 5 July2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Education

l  Quick Bites: AXIATA

l  Company Updates: SEG

l  On Our Technical Watch: MAGNUM, PANTECH

 

NEWS HIGHLIGHTS

l  Ranhill Energy seeks to raise RM753.0m from IPO

l  Hong Leong Bank gets nod to operate in Cambodia

l  Power Root buys Dubai office

l  SapuraKencana's board deliberating on details, facts of Yinson deal

l  i-Bhd to double revenue contribution from leisure segment to RM64.0mn

l  Ho Hup gains RM8.6m from sale of stake

 

FOREIGN NEWS HIGHLIGHTS       

l  Yahoo acquires email management app Xobni

l  Telecom Italia halts talks with Hutchison division on merger

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l   Global Food Prices Fall, Crop Prospects Improve

Asia

l  Bank Of Japan Upbeat On Japan's Economy

l  China Suspends PMI Data In Added Hurdle For Scrutiny Of Economy

l  Pakistan Agrees $5.3bn IMF Loan

Europe

l  ECB Says Rates To Stay Low For 'Extended Period'

l  Pound Falls As Bank Of England Plays Down Rate Rise

l  UK Car Sales Increase For 16th Consecutive Month

Currencies

l  Central Banks Rattle Euro, Pound

Commodities

l  Brent Dips Toward $105, Supply Fears Ease After Egypt Army Move

l  Gold Dips As ECB Weighs On Euro; Eyes On U.S. jobs data