News Bits | 5 August 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  On Our Portfolio: Quiet Week Ahead Of The Raya Break

l  On Our Technical Watch: Monthly Technical Review

 

NEWS HIGHLIGHTS

l  Former F&N CEO to pick experienced team for its management

l  Farid is new Maybank chief

l  4 contenders for Proton deputy CEO position

l  Mudajaya tipped to win RM300.0m job

l  Kedah shopping malls boost Hektar REIT net profit

l  Media Lower profit for CSC Steel in Q2

l  BToto seeks extension

FOREIGN NEWS HIGHLIGHTS       

l  Berkshire profit advances 46.0% on railroad, derivatives

l  Michael Dell closes in on prize with sweeter USD25.0b deal

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia Pacific

l  Indonesia's Q2 Growth Slows

l  China Services Growth Picks Up In Sign Economy Stabilizing

l  India Eases Foreign Investment Rules In Retail Sector

l  Australia Unveils Levy On Bank Deposits

USA

l  Wages Fell In July As Hiring Slowed In Uneven U.S. Job Market

l  US Factory Orders Rise 1.5%, But Fall Short Of Estimates

Europe

l  UK Construction Industry At Three-Year High, PMI Survey Indicates

Currencies

l  Dollar Falls After Job Growth Leads To Taper Doubt

Commodities

l  Brent Tops $110 First Time Since April On Robust Economic Data

l  Gold Rebounds On U.S. Payrolls But Posts Weekly Loss