News Bits | 22 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Initiate Coverage: SCIENTX

l  IPO Note: CARING

l  Results Note:  AXREIT

l  Quick Bites: COASTAL

l  On Our Radar: SALCON

l  On Our Technical Watch: MALTON, PELIKAN

 

NEWS HIGHLIGHTS

l  IGB targets 2.0m shoppers monthly at Southkey

l  Inari Amertron appoints Chew as new CTO

l  Datasonic gets RM5.8m contract from Penang municipal council

l  Tanjung Offshore buys remaining stake in Gastec

l  Premier Nalfin gets until March to submit revamp plan

FOREIGN NEWS HIGHLIGHTS           

l  Texas Instruments’ forecasts fall short of analyst estimates

l  Martha Stewart, J.C. Penney revise partnership agreement in Macy's dispute

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Japan Posts Trade Deficit For 15th Consecutive Month

North America

l  Sales Of Existing U.S. Homes Fall As Affordability Drops

l  Canada Consumer Sentiment Falls Third Week On Job Outlook

Europe

l  Cyprus To Lift Most Currency Controls By Spring 2014

l  ECB Urged To Use Single Rule In Banks' Debt Check

Currencies

l  Dollar Gains As Traders Await Delayed Data

Commodities

l  U.S. Crude Sinks Below $100, Brent Gap Widens

l  Gold Flat, Volume Light After Last Week's Rally