Thursday, December 5, 2013

News Bits | 5 December 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Water
l  On Our Radar: YOCB
l  On Our Technical Watch:  BRAHIM, SUMATEC
 
 NEWS HIGHLIGHTS
l  RM9.65b Selangor water deal hits snag, again
l  Ekovest bags DUKE (Phase-2) master contract worth RM1.2b
l  Cypark to gain from new surcharge
l  Caely bags RM97m construction job
l  Westports founder Gnanalingam buys 210,000 shares
l  Turnaround on right track, says MAS chief
l  Glove prices likely to rise due to power tariff review
 
FOREIGN NEWS HIGHLIGHTS           
l  Westfield to buy remaining 50.0% in World Trade Center for USD800m
l  Telefonica Ordered by Brazil to Undo Telecom Italia Accord
l  Credit Suisse sells German private bank business: sources 
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Asia Pacific
l  China's Services Sector Resilient In Nov
l  Australia Growth Rate Falls Short Of Forecasts
USA
l  Companies Boost U.S. Payrolls By Most In A Year
l  Services Slowdown Highlights Uneven U.S. Expansion
l  Trade Gap In U.S. Shrank In October On Record Exports
l  CEO Expectations For U.S. Economy Climb On Sales, Hiring Outlook
l  New-Home Sales In U.S. Rebound From One-Year Low
l  Fed Says Factories Supported ‘Modest To Moderate’ Growth
Europe
l  Euro-Area Economic Growth Slows As Exports, Consumption Cool
l  Eurozone Recovery 'Loses Momentum'
l  UK Services Growth Remains Strong
Currencies
l  Dollar Gains Fade As Traders Ponder Fed Taper
Commodities
l  U.S. Crude Gains $1, Spread Narrows As Inventories Drop
l  Gold Rebounds 2 Pct On Short-Covering, Technical Buying