News Bits | 10 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Company Update: AXREIT

l  QUICK BITES: IJMCORP

l  On Our Portfolio: FIBON

l  On Our Radar: FIBON

l  On Our Technical Watch: MAYBULK, ZHULIAN

 

NEWS HIGHLIGHTS

l  Ogawa gets takeover offer at RM1.05/share from China firm

l  Astro’s unit loses Jakarta appeal to claim USD303.0m arbitration award

l  DiGi, Green Packet in talks on 4G tie-up?

l  DRB-Hicom, Tata Motors ink 5-year deal to distribute Tata vehicles

l  Brahim's Holdings to raise RM25.78m from private placement

FOREIGN NEWS HIGHLIGHTS           

l  Virgin Media U.K. pay-TV service adds Netflix in first

l  Malaysia's Petronas exiting Venezuela crude project- sources

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Retail Growth In Q2 Slowed, But 2013 To Better 2012

Asia

l  Japan's Economic Growth Data Revised Higher

l  China Among World's Top Three Investors In 2012: Govt

l  China Inflation Stays Subdued As Producer-Price Drop Eases

North America

l  US Consumer Borrowing Hits Record High

l  Canada Building Permits Rise To Record On Commercial Work

Europe

l  Euro Zone Sentiment Turns Positive For First Time In Over 2 Years

l  UK Economy Is Turning Corner, George Osborne Says

Currencies

l  Dollar Falls; Aussie At More Than One-Month High

Commodities

l  Brent Falls Below $116 After 2-Day Gains

l  Gold Drops On Fed Tapering Talk, US Equities Rally