News Bits | 15 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: AMBANK, MAGNUM, MPI

l  On Our Technical Watch: CBIP, MPI

 

NEWS HIGHLIGHTS

l  BHIC returns to the black with pre-tax profit of RM16.9m in Q3

l  LNG resources chalks up pre-tax profit of RM2.2m in Q3

l  Hibiscus Petroleum unit offered production licence by Nopta

l  Karex proposes bonus issue

l  Iris re-extends offer for Versatile Creative shares

l  Manulife to manage RM21.0b worth of assets in five years

FOREIGN NEWS HIGHLIGHTS           

l  Buffett's Berkshire buys big Exxon Mobil stake

l  Wal-Mart trims forecast as economy restrains shoppers

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Zeti: Current Policy Supports Growth

Asia

l  Japanese GDP Growth Halved In Third Quarter

l  Indian Inflation Exceeding Estimates Adds Rate-Rise Pressure

USA

l  More Americans Than Forecast File Unemployment Claims

l  U.S. Trade Gap Widens More Than Forecast To $41.8 Billion

l  Yellen Says Fed Should Not Withdraw U.S. Stimulus Too Soon

Europe

l  Europe Recovery Wanes As Germany Slows, France Contracts

l  Ireland To Exit International Bailout In December

Currencies

l  Dollar Rises Against Yen, Slips Versus Pound

Commodities

l  Brent Rises On Fed Expectations, Libya

l  Gold Up Again As Yellen Comments Support Fed Stimulus