News Bits | 23 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Company Update: IJMLND, ZHULIAN

l  Quick Bites: AEON, CENSOF, WASEONG

l  On Our Portfolio: Focus Back to Domestic Issues

 

NEWS HIGHLIGHTS

l  SILK profit rises on higher revenue

l  Hunza eyes RM1.4b revenue from three mixed developments

l  Sunway gets SGD90.0m loan

l  TCM in Myanmar car deal

l  Ekovest to launch multi-billion ringgit projects

l  M'sia Media Shoppe to be agent for China's telco giant ZTE to invest in M'sia

FOREIGN NEWS HIGHLIGHTS           

l  JC Flowers interested in buying Lloyds' TSB unit

l  Adidas declines after cutting forecast on Russia, golf

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Thai Okays Us$64bil Borrowing

l  Philippines Is Ready For Fed Taper With Tools To Curb Outflows

l  India Bank Raises Interest Rates To Curb Inflation

l  EU, S'pore Finalise Details Of Far-Reaching Trade Deal

l  Kuroda Positive On Economies

USA

l  Republican Clash With Obama Adds Risk Of Shutdown

Europe

l  Merkel Records Biggest Victory Since Kohl’s Reunification Vote

l  UK Borrowing Less Than Expected In August

l  Greece Resumes Talks With Creditors As Strikes Planned

Currencies

l  Dollar Drops For Week; EM Currencies Dive Friday

Commodities

l  Brent Crude Rises, US Falls In Heavy Spread Trading

l  Gold Sinks 2.5 Pct On New Fears Fed May Reduce Stimulus