News Bits | 26 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Result Note: SPSETIA

l  Company Update: CRESNDO, AIRPORT

l  On Our Radar: DAYA

l  On Our Technical Watch: CENSOF, LBS

 

NEWS HIGHLIGHTS

l  Mokhzani to take over PetOne?

l  Bina Puri secures RM441.0m shopping mall contract

l  Mohd Nazifuddin takes 20.76% stake in Sersol

l  MNRB shareholders okay dividend of 32%

l  E&O inks deal to buy 135 acres of Sg Buloh land from Sime

l  SBC eyes up to 50% higher revenue for current fiscal year

FOREIGN NEWS HIGHLIGHTS           

l  Citigroup to pay Freddie Mac USD395.0m to end mortgage claims

l  JPMorgan in talks to settle government probes for USD11.0b: sources

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Malaysia Slightly Behind But Confident Of AEC Achievements

USA

l  Demand For U.S. Capital Goods Climbs Less Than Forecast

l  Sales Of New U.S. Homes Rose In August Following July Plunge

l  Americans In Poll Doubt Economy Rebound

l  US To Hit Debt Ceiling By 17 October, Says Treasury Secretary Lew

l  Household Net Worth In U.S. Increases By $1.3 Trillion

Europe

l  Spain May Deepen Labor Overhaul To Reduce Jobless: Rajoy

l   Italy Consumer Confidence Rose To Two-Year September High

l  France Public Debt To Hit Record In 2014

Currencies

l  Dollar Slips Vs. Some Rivals, But Gains Vs. Aussie

Commodities

l  Brent Edges Lower, Iran Diplomacy In Focus

l  Gold Rises On Worries Over U.S. Budget Talks