News Bits | 27 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: GAMUDA, HELP, YINSON

l  Company Update: AXIATA

l  On Our Technical Watch: FABER, HLCAP

 

NEWS HIGHLIGHTS

l  MRCB mulls divestment of Duke

l  Scientex full-year earnings jump 31.0%

l  Ireka unit bags RM249m contract

l  E&O to redevelop London property

l  Yinson earnings climb 4.1% to RM10.3

FOREIGN NEWS HIGHLIGHTS           

l  BlackBerry allies waver as device maker may go private

l  Winn-Dixie operator Southeastern Grocers files for USD500.0m IPO

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  ADB Sees Growth Risk In East Asia

l  S. Korea To Run Fiscal Deficit In 2014 For Stimulus

l  Taiwan Holds Key Rate To Support Economy As Inflation Slows

l  China To Allow Interbank Trading Of Certificates Of Deposit

USA

l  Economy In U.S. Expanded At A 2.5% Annual Rate Last Quarter

l  Labor Estimate Shows U.S. Payrolls Revised Up In Year To March

l  Drop In U.S. Jobless Claims Increases Confidence

l  Pending Sales Of Existing Homes In U.S. Decreased 1.6% In August

l  Negative Rates On Treasury Bills Show Little Debt-Limit Concern

Europe

l  UK Economic Growth Confirmed At 0.7%

l  Irish House Prices Climb To A Six Year High

l  IMF Approves Next $1 Billion For Ireland Bailout Program

l  Greece Does Not Need 3rd Bailout, Seeks Debt 'Reprofiling': Deputy PM

Currencies

l  Dollar Rises As Focus Turns To U.S. Debt Limit

Commodities

l  Brent Edges Lower, Iran Diplomacy In Focus

l  Gold Falls On Dollar Rise, Mixed U.S. Economic Data