Thursday, October 17, 2013

News Bits | 17 October 2013


 
IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Results Note: ZHULIAN
l  Quick Bites: KLK, TCHONG
l  On Our Radar: GTRONIC
l  On Our Technical Watch: BIMB, TAKAFUL
 
NEWS HIGHLIGHTS
l  i-City to have its first three-star hotel by September 2014
l  KLIA2 almost complete, to operate by May 2, 2014 as planned, says MAHB COO
l  RHB IB eyes push into Philippine market
l  YTL Power buys back 67.5m shares for RM124.3m
l  SP Setia mum on reports of new CEO
FOREIGN NEWS HIGHLIGHTS           
l  GE Money Bank sale to value company at up to USD1.
l  AmEx beats estimates as profit climbs 9.3% on card spending
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  Thailand Holds Rate, Trims GDP, Export Forecast
l  S'pore Home Sales Fall 52pc In September
USA
l  US Shutdown: Senate Reaches Fiscal Deal
l  Builder Sentiment In U.S. Shaken By Budget Battle
Europe
l  Europe Car Sales Rise Most Since 2011 On Spain Incentives
l  UK Jobless Total Falls By 18,000 To 2.49m
Currencies
l  Dollar Gains Vs. Yen On Hope For Last-Minute Deal
Commodities
l  Oil Ends Higher On Optimistic U.S. Budget Deal Outlook
l  Gold Under Pressure As U.S. Debt Crisis Nears End