News Bits | 10 December 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  On Our Radar: COCOLND

l  On Our Technical Watch: BSTEAD TEBRAU

 NEWS HIGHLIGHTS

l  Brunei to buy stakes in Petronas assets

l  Hytex suspends chairman and MD

l  Felda says income from potash JV will be three times that of initial capital

l  DRB-Hicom triggers mandatory takeover for KLB

l  Global Oriental buys 10.3ha of land for RM36m

l  Lysaght braces for a challenging 2014

 

FOREIGN NEWS HIGHLIGHTS           

l  Sysco to buy US Foods from private equity, shares leap

l  Gulf firms consider bid for Occidental MidEast stake - sources

l  Lloyds Plans to Sell Remaining Stake in St. James’s Place

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 

Asia

l  Japan's Economic Growth Revised Down

l  China Inflation Slows To 3.0% In Nov

l  China Loosens Grip On Interest Rates

North America

l  U.S. Household Worth Rose By $1.92 Trillion In Third Quarter

l  Canada Consumer Confidence Rises On Resilient Housing

Europe

l  German Industrial Production Unexpectedly Fell In October

l  UK Wage Growth At 6-Year High As Economy Recovers

l  Bank Of France Ups Quarterly Growth Forecast

Currencies

l  Dollar Stays Above ¥103 On Fed Taper Speculation

Commodities

l  Brent Slides 2 %, Narrowing Premium To U.S. Oil

l  Gold Rises 1 Pct On Fund Buying But Volume Thin