News Bits | 5 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Initiating Coverage: ZHULIAN

l  Sector Update: Rubber Gloves

l  Quick Bites: AFFIN, TSH

l  On Our Radar: YEELEE

l  On Our Technical Watch: PUNCAK, SUPERMX

 

NEWS HIGHLIGHTS

l  Daya Materials signs charter party contract with Technip Norge

l  Bina Puri secures Samur contract

l  Sersol eyes bigger market share

l  MSC unit still waiting contract extension

l  JP Morgan ups stake in Muhibbah Engineering

FOREIGN NEWS HIGHLIGHTS       

l  News Corp. sells newspaper group to fortress for USD87.0m

l  Delta chooses Airbus over Boeing for 40-plane order

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  Emerging Nations Save $2.9 Trillion Reserves In Rout

l  IMF: Emerging Economies Vulnerable

Malaysia

l  Malaysia Ranked 24th Most Competitive By World Economic Forum

l  Moody’s: Call For More Tweaks In Subsidies, Reform

Asia Pacific

l  BOJ May Consider More Policy Easin

l  Australia's Economic Growth Better Than Forecast

USA

l  Widening Trade Gap Signals Improving U.S. Demand

l  Mortgage Applications Rise For 1st Time In 4 Weeks

Europe

l  Euro-Area Exports Drive Rebound After Record Recession

l  Euro Zone Business Activity Strongest In 2 Years

l  Spain Services Grow For First Time In Over 2 Years In August

l  UK Services Sector Growth At Six-Year High

l  Italy’s Bonds Fall As Services Output Shrinks More Than Forecast

Currencies

l  Dollar Drops; Aussie, Pound Rally On Recovery

Commodities

l  Oil Lower As Syrian Strike Seen Limited

l  Gold Down On Economic Hopes And As Syria Fears Fade