News Bits | 12 December 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Quick Bites: COASTAL

l  On Our Radar: ASIAFLE

l  On Our Technical Watch: KKB, NAIM

l  Economic Viewpoint: Malaysia Industrial Production

 NEWS HIGHLIGHTS

l  Tenaga planning to issue RM3.7b sukuk

l  Mah Sing unit revises price of purchased land

l  RM5.0b boost for Rawang

l  Bursa Malaysia launches electronic CDS statements

l  Proton expects to produce hybrid car by end-2014

l  TM, Casabello ink ATM pact

 

FOREIGN NEWS HIGHLIGHTS           

l  Hilton Worldwide raises over USD2.3b in biggest-ever hotel IPO

l  Fortis to buy Arizona power company UNS for USD2.5b

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 

Malaysia

l  Production in October expanded by 1.7% YoY

Asia

l  China New Loans Exceed Estimates

l  India's Nov Trade Deficit Narrows On Falling Gold, Oil Imports

USA

l  US Congress Cross-Party Budget Deal Reached

l  New Estimate Says Budget Deal Raises Deficit $41b

l  US Runs $135.2 Billion Budget Deficit In November

l  S&P Downgrades US Growth Forecast

Europe

l  Ukraine Seeks $27.5 Billion In Aid From EU, PM Says

Currencies

l  Dollar Treads Water In Anticipation Of Fed

Commodities

l  Brent Crude Rises, U.S. Crude Falls As Spread Widens

l  Gold Falls After 3-Day Rise; Eyes On Next Fed Move