News Bits | 2 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: AXIATA, KPJ, MASTEEL, MMCCORP, MUHIBAH, RHBCAP, SAM, SIME, TRC, UMW

l  Company Update: AMWAY

l  On Our Technical Watch: Monthly Technical Review

l  Economic Viewpoint : Money Supply & Loans Growth

 

NEWS HIGHLIGHTS

l  CIMB leads first major Taiwan Deal

l  Bonia pre-tax profit increases to RM71.5m

l  Konsortium Transnasional Q2 pre-tax profit soars to RM12.9m

l  SEB awards RM1.2b contracts

l  Network services provider OCK in expansion mode

l  Share swap turns sour

FOREIGN NEWS HIGHLIGHTS           

l  Fate of GM, Toyota factories hangs on Australian election

l  U.S. exit to leave Vodafone with M&A war chest

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Japan CPI Rises At Fastest Pace In 5 Years

l  China’s Economy Strengthens With Factory Gauge At 16-Month High

l  India's GDP Shows Continuing Slowdown

l  Indonesia, Pakistan Ink FTA

Americas

l  Cooler Spending In U.S. Signals Slow Start For Quarter

l  Business Activity In U.S. Expands In August For Fourth Month

l  Consumer Sentiment In U.S. Fell Less Than Forecast In August

l  Canada’s Second-Quarter Growth Slows To 1.7% Pace

l  Brazil GDP Beats Expectations For Second Quarter

Europe

l  Eurozone Jobless Rate 'Steady' But Still At Record

l  Euro-Area Economic Confidence Surges To 2-Year High

l  Danish Economy Expands More Than Estimated As Exports Gain

Currencies

l  Dollar Posts First Monthly Gain In Three

Commodities

l  Brent Slips Below $114 As Syria Concerns Ease

l  Gold Drops Below $1,400, Set For Second Straight Monthly Gain