News Bits | 3 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Quick Bites: AEON, IOI

l  On Our Radar: BJFOOD

l  On Our Technical Watch: MPCORP, PJDEV

 

NEWS HIGHLIGHTS

l  Westports sets RM2.50 for institutional, retail IPO prices

l  LBS unit acquires 60.0% of Zhuhai International Circuit Ltd

l  AZRB in building management joint venture

l  Ho Wah Genting acquired Rex Oriental for RM3.0m

l  Mudajaya secures full coal requirements for India’s IPP

FOREIGN NEWS HIGHLIGHTS           

l  Aviva U.S. unit fetches USD800.0m more than deal price

l  BlackBerry’s job-cutting expenses jump to USD400.0m

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Vehicle Volume On Track To Hit 640,000 This Year, Says MAA

Asia

l  ADB: Developing Asia Can Weather Us Fed's Tapering

USA

l  ADP Data Show Companies Add Fewer U.S. Workers Than Forecast

l  US Shutdown: Barack Obama Warns Of Default Danger

Europe

l  Draghi Says Eurozone Recovery 'Weak' As ECB Holds Rates

l  UK Housebuilding Activity Expanding At A Near 10-Year High, Survey Shows

l  Spain's Jobless Claims Rise In September, Government Data Shows

Currencies

l  Dollar Extends Decline Into Fourth Session

Commodities

l  Brent Drops Further Below $108 On Worries Over U.S. Shutdown

l  Gold Edges Above 2-Month Low As U.S. Shutdown In Focus