News Bits | 9 July 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Quick Bites: TSH

l  On Our Radar: GBGAQRS

l  On Our Technical Watch: DELEUM, PTARAS

 

NEWS HIGHLIGHTS

l  Higher electricity tariff next year?

l  SapuraKencana among those invited to bid for Newfield assets worth USD1.7b

l  Matrix increases landbank for development with total RM1.6b GDV

l  Nestle invests RM150.0m in new plant in Shah Alam

l  FGVH to close major acquisition deals today

l  LBS Bina in property project in Johor

l  UEM Group pledges klia2 deadline

FOREIGN NEWS HIGHLIGHTS       

l  TPG in final bidding for Canada's MacDon

l  LVMH acquires Cashmere Clothier Loro Piana for USD2.6b

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Japan Bank Lending Hits 4-Year High As BoJ Pumps Money

l  Taiwan Exports Rise 8.6%

USA

l  Consumer Borrowing In U.S. Rises $19.6 Billion, Most In Year

Europe

l  Greece Secures A Further 6.8bn Euros Of Bailout Funds

l  German Exports In Sharpest Fall Since 2009

l  German Industrial Production Decreased In May

l  Euro-Area Investor Sentiment Drops Amid Portugal Government Woes

Currencies

l  Dollar Index Slips From 3-Year High As Yields Fall

Commodities

l  Brent Crude Edges Lower As Supply Concerns Ease

l  Gold Rises On U.S. Dollar's Fall, Bargain Hunting