Friday, October 19, 2012

Chart - SCOMNET - Resistance 16sen

Chart - ECOFIRS - Resistance 17.5sen

Chart - SCOMI - resistance 41sen

Chart - AMEDIA - 60m , GC

Thursday, October 18, 2012

Pesona 60m , GC ( golden cross )


The index of U.S. leading economic indicators rose in September by the most in seven months, boosted in part by a jump in permits for home construction that's helping underpin the expansion. 

Chart - AMEDIA - 60m , hampir GC

Chart - HARVEST

China's Economy Grew 7.4% in 3Q vs Est. 7.4%

 

TNB POISED TO REGISTER RM1.4 BLN CORE NET PROFIT IN Q4, SAYS

 

Chart - MTRONIC

Chart - MARCO

Stock to watch

GADANG HLDGS BHD
CHEETAH HOLDINGS
ETI TECH CORP
SCOMI MARINE BHD
TAS OFFSHORE BHD
MARCO HOLDINGS B
RCE CAPITAL BHD
PERWAJA HOLDINGS
SYSTECH BHD
BORNEO AQUA HARV

MALAYSIA DAYBOOK: MIER, Formis, Hua Yang, Maybank, TH

+------------------------------------------------------------------------------+

MALAYSIA DAYBOOK: MIER, Formis, Hua Yang, Maybank, TH Heavy
2012-10-17 20:54:20.953 GMT


By Barry Porter
     Oct. 18 (Bloomberg) -- The Malaysian Institute of Economic
Research will release its quarterly forecasts for the country's
growth, inflation and interest rates.

EQUITY MOVERS:
  * Formis (FMRB MK): To subscribe to shrs in Yakimbi for 3m
    ringgit
  * Hua Yang (HYB MK): 2Q net rises to 17.1m ringgit vs 13.9m
    ringgit yr earlier
  * Maybank (MAY MK): To issue 173m new shrs under dividend
    reinvestment plan
  * TH Heavy Engineering (RH MK): Quarterly net 4m ringgit

MARKETS:
  * Malaysia's FTSE Bursa Malaysia KLCI Index rose 0.4%
  * The MSCI Asia Pacific Index increased 1%
  * The Dow Jones Industrial Average was little changed
  * Palm oil Jan-delivery futures advanced 0.2%







--
Nzm

Wednesday, October 17, 2012

Top Stories: Asia

The following are today's top stories from Asia:

Business
1.  Asian Stocks Rise as Euro Strengthens on German Bailout Stance
2.  China Job Needs Show Why GDP Slowdown May Be Tolerated: Economy
3.  Thailand Unexpectedly Cuts Rate as Global Outlook Worsens
4.  Chinese Company May Still Pursue A123 After Bankruptcy Filing
5.  Japan to Hold Special Cabinet Meeting After Economy Downgraded
6.  Larsen Dollar Yield Near Zero as Orders Increase: India Credit
7.  Ten Slumps to Record Low, Says Eye Sale Pact Ends: Sydney Mover
8.  Scaramucci to Raise Hedge-Fund Bets as SALT Comes to Asia
9.  Citigroup Said to Hire Seven Bankers in Japan on M&A Outlook
10. Brewers Plagued by Water Shortage Give Farming Lessons: Retail
11. Softbank's Son Seeks to Skirt Cross-Border Failure History
12. Vietnam Economic Rise Threatened as Middle-Income Trap Looms

General
13. Hong Kong Homes Unaffordable After Price Surge, Leung Says
14. Chinese Show Rising Concern Over Corruption in Pew Survey
15. Suicide Car Bomber Attacks Afghan-U.S. Base, 1 Child Killed
16. Hong Kong Ex-Development Secretary Mak Charged With Fraud
17. Iran, Australia Win World Cup Qualifiers; Argentina Pulls Clear

Opinion
18. As Global Economy Sags, Political Leaders Are AWOL: Clive Crook
19. Hilary Mantel Becomes Repeat Winner of $81,000 Man Booker Prize

Business
1)  Asian Stocks Rise as Euro Strengthens on German Bailout Stance
    (Bloomberg) -- Asian stocks rose the most in a month and the euro strengthened as speculation grew of a Spanish bailout and a report showed better-than-forecast U.S. industrial output. Metals advanced. The MSCI Asia Pacific Index gained 0.9 percent as of 11:37 a.m. in Tokyo as Standard & Poor's 500 Index futures added 0.1 percent. The euro appreciated 0.3 percent to $1.3096 and the South Korean won traded at its highest level in almost a year. Copper in London rose ...
Full story: {FIFW NSN MC0NPP6KLVRI <GO>}

2)  China Job Needs Show Why GDP Slowdown May Be Tolerated: Economy
    (Bloomberg) -- The slowdown in China's economy isn't making it any easier for Liu Fenglin to hire 10 experienced welders this year for his heating-equipment maker. Liu has managed to find just three employees even with the economy in its deepest slowdown since the global financial crisis. "The scenario when migrant workers will throng around your desk after you hang the job poster is long gone," said Liu, 46, whose company is in the southern city of Zhuhai. ...
Full story: {FIFW NSN MC0Q0O0UQVI9 <GO>}

3)  Thailand Unexpectedly Cuts Rate as Global Outlook Worsens
    (Bloomberg) -- Thailand's central bank unexpectedly cut its benchmark interest rate for the first time since January as a faltering global economy damps exports, days after the governor said there was no need to ease policy. The Bank of Thailand cut its one-day bond repurchase rate by a quarter of a percentage point to 2.75 percent, it said in Bangkok today. The decision was predicted by ...
Full story: {FIFW NSN MC16FB1A74E9 <GO>}

4)  Chinese Company May Still Pursue A123 After Bankruptcy Filing
    (Bloomberg) -- The Chinese auto-parts maker that previously bailed out A123 Systems Inc., the U.S. electric-car battery maker that filed for bankruptcy protection yesterday, said it's still interested in taking over the company. The bankruptcy filing may turn A123 into a more attractive investment because the court proceedings would clear out legal risks, Ni Pin, president of Wanxiang Group Corp.'s U.S. operations, said in a phone interview today. The automotive ...
Full story: {FIFW NSN MC177L6KLVRR <GO>}

5)  Japan to Hold Special Cabinet Meeting After Economy Downgraded
    (Bloomberg) -- Japan will hold a special cabinet meeting amid pressure to spend more to stimulate an economy that is at risk of contraction this quarter. The government will hold the meeting at 5 p.m. today, Chief Cabinet Secretary Osamu Fujimura told reporters in Tokyo, while declining to say what would be discussed. Prime Minister Yoshihiko Noda said in September an extra budget is needed to shore up the economy. Pressure is rising on policy ...
Full story: {FIFW NSN MC10UK6K50YM <GO>}

6)  Larsen Dollar Yield Near Zero as Orders Increase: India Credit
    (Bloomberg) -- Dollar borrowing costs for Larsen & Toubro Ltd. are approaching zero as Indian Prime Minister Manmohan Singh's most aggressive opening of the economy boosts orders for Asia's largest construction company. The yield on the company's 3.5 percent dollar convertible bonds due 2014 slid 347 basis points since June to 0.14 percent on Oct. 12, the lowest level in more than a year, prices from Jefferies Group Inc. show. Comparable ...
Full story: {FIFW NSN MC172L6S9730 <GO>}

7)  Ten Slumps to Record Low, Says Eye Sale Pact Ends: Sydney Mover
    (Bloomberg) -- Ten Network Holdings Ltd., Australia's third-ranked television broadcaster, slumped to the lowest level on record after Champ Private Equity said it's ending plans to buy the Eye Corp. billboard unit. Ten received the formal notice from Outdoor Media Operations Pty Ltd., owned by Champ, according to a statement today. Ten remains in discussions with Outdoor Media with the aim of agreeing amended sale terms, the statement said. Ten fell 7.5 percent to ...
Full story: {FIFW NSN MC0V2I6JIJUQ <GO>}

8)  Scaramucci to Raise Hedge-Fund Bets as SALT Comes to Asia
    (Bloomberg) -- SkyBridge Capital LLC, the $6.7 billion fund of hedge funds that organizes the biggest industry event in the U.S., plans to increase investments in Asia as it kicks off its first conference in the region. SkyBridge will seek to boost allocations to Asia-based managers to about 30 percent of total capital over the next decade, from about $250 million now, said Managing ...
Full story: {FIFW NSN MC0NRW6TTDS5 <GO>}

9)  Citigroup Said to Hire Seven Bankers in Japan on M&A Outlook
    (Bloomberg) -- Citigroup Inc. is hiring seven bankers in Japan in anticipation that more companies will make cross-border acquisitions and restructure, two people with knowledge of the situation said. The recruits include two senior and five junior staff, said the people, who asked not to be named as the information is private. Masao Yoshikawa will join Citigroup as managing director and head of Japan ...
Full story: {FIFW NSN MC12VR6KLVSP <GO>}

10) Brewers Plagued by Water Shortage Give Farming Lessons: Retail
    (Bloomberg) -- SABMiller Plc doesn't buy any grain from farmer Ram Singh Yadav. Yet the world's second-largest brewer says it's important to teach the 62-year-old Indian to grow his millet and sorghum with less water. By showing Yadav how to drip-irrigate and suggesting alternative plants that thrive in arid areas, SABMiller has helped the farmer boost yields on his farm in the Indian state of Rajasthan, where the water table has sunk ...
Full story: {FIFW NSN MC07WG1A1I4H <GO>}

11) Softbank's Son Seeks to Skirt Cross-Border Failure History
    (Bloomberg) -- Softbank Corp. President Masayoshi Son is betting $20 billion he can add value by buying control of Sprint Nextel Corp. in the biggest Japanese purchase of a foreign company. There's 26 trillion yen ($330 billion) that says he can't. That's the net amount of market value lost within 12 months after deal announcements in the 10 biggest overseas purchases by Japanese ...
Full story: {FIFW NSN MC12N96S9729 <GO>}

12) Vietnam Economic Rise Threatened as Middle-Income Trap Looms
    (Bloomberg) -- Vietnamese coffee farmer Le Thi Do looks up at the five-meter-high (16-foot) ceiling of her six- bedroom, yellow house and then points to a small, squat building next door and says: "We used to live in that tiny one." Do, 71, has been a barometer of Vietnam's fortunes since the French left in 1954. As the country divided, her family fled to the south, surviving the war, Communist victory and a ...
Full story: {FIFW NSN MC15A66S973B <GO>}

General
13) Hong Kong Homes Unaffordable After Price Surge, Leung Says
    (Bloomberg) -- Hong Kong Chief Executive Leung Chun-ying pledged more measures to tackle record home prices, after a surge this year made accommodation unaffordable for many people in the city. The number of applicants on the city's public housing waiting list is approaching 200,000, Leung said today in his first address to the Legislative Council since taking office on July 1. About 65,000 private ...
Full story: {FIFW NSN MC14EN0D9L36 <GO>}

14) Chinese Show Rising Concern Over Corruption in Pew Survey
    (Bloomberg) -- Chinese people are increasingly worried about growing income inequality and official corruption, according to a Pew Research Center survey released weeks before a once-a-decade leadership transition. Forty-eight percent of 3,177 adults surveyed said the gap between rich and poor in China is a "very big problem," up seven percentage points from a 2008 survey, the Pew Global Attitudes Project found. ...
Full story: {FIFW NSN MC0SRO6JTSEU <GO>}

15) Suicide Car Bomber Attacks Afghan-U.S. Base, 1 Child Killed
    (Bloomberg) -- A suicide bomber blew up his car in front of a U.S.-Afghanistan base in the eastern province of Paktiya this morning, injuring several dozen Afghan soldiers and killing a child. "The suicide attack was very powerful and smashed windows in nearby houses," Paktiya deputy governor Abdul Rahman Mangal said in a phone interview. "At least 45 Afghan troops were injured," he said, adding that a ...
Full story: {FIFW NSN MC14SR6JTSED <GO>}

16) Hong Kong Ex-Development Secretary Mak Charged With Fraud
    (Bloomberg) -- Hong Kong's former secretary for development Mak Chai-kwong and an assistant director of the highways department have been charged with a housing fraud involving more than HK$700,000 ($90,296). Mak and the other official, Tsang King-man, face a joint charge of conspiracy to defraud the Hong Kong government between 1985 and 1990, the Independent Commission Against Corruption said in a statement on its ...
Full story: {FIFW NSN MC0T4I1A74E9 <GO>}

17) Iran, Australia Win World Cup Qualifiers; Argentina Pulls Clear
    (Bloomberg) -- Iran beat South Korea 1-0 to share their group lead at the halfway mark of Asia's final qualifying stage for the 2014 soccer World Cup. Argentina beat Chile to pull three points clear atop the South American group. Javad Nekonam scored in the 76th minute in Tehran last night as the host joined South Korea on seven points in Group A, though the Koreans keep first place because of a superior goal difference. Uzbekistan is two points behind ...
Full story: {FIFW NSN MC0NNW0D9L35 <GO>}

Opinion
18) As Global Economy Sags, Political Leaders Are AWOL: Clive Crook
    (Bloomberg) -- I keep reading that politics right now is all about the economy -- in the U.S., in Europe, in China, in India, wherever. The U.S. presidential election is focused so fiercely on the economy, in fact, that actual policy making has been shut down for months. Apparently it's not possible to worry about the economy and do something about it at the same time. Here's an odd thing, though. ...
Full story: {FIFW NSN MC09DZ0YHQ0X <GO>}

19) Hilary Mantel Becomes Repeat Winner of $81,000 Man Booker Prize
    (Bloomberg) -- Hilary Mantel won the Man Booker Prize last night with "Bring Up the Bodies," the second installment in her Thomas Cromwell trilogy, which began with 2009's winner, "Wolf Hall." She's the first woman and first British author to be given the award twice, and the first to win for two books in a row. "You're only as good as your last paragraph, and I haven't even written one of those today," Mantel said at a press conference ...
Full story: {FIFW NSN MC0C7X0YHQ0X <GO>}

Chart - KPSCB - R1 41sen

Chart - PERDANA

Chart - GADANG - 60m, gc but hit upper channel

Chart - ETITECH - hampir gc

Top Stories: Best of Bloomberg

The following are today's top stories from Best of Bloomberg News:

1. China Credit Card Romney Assails Gives Way to Japan Lenders
2. Citigroup Expanded Shadow Banking as Pandit Urged Regulation
3. Silicon Beach Draws Startups to L.A. as Office Rents Climb
4. Coca-Cola Abandoning Athens Leaves Market Trailing Vietnam
5. Ex-Goldman Mortgage Trader Birnbaum Said to Post 30% Fund Gain
6. Goldman Sachs's O'Neill Sees BRICS Bank Gathering Momentum
7. Bono's Village Braces for Fight in Dublin Bay Oil Drill Plan
8. Billionaire Peterffy Says $1.9 Billion Tax Bill Helps Poor
9. Softbank Debt a Buy for Nomura as Downgrade Looms: Japan Credit
10. Cheap Gas From Fracking Fuels Profits at LyondellBasell: Energy
11. Ruble Bonds Diamond Miner's Best Friend for Debt: Russia Credit
12. South Africa's $38 Billion Water Gap Pits Vines Against Mines
13. Sprint Said Not to Plan Buying Clearwire After Softbank Deal
14. Obama Under Pressure in Romney Debate Amid Early Voting
15. Abu Dhabi Yield Drops as Museums, Metals Spur GDP: Arab Credit
16. Taxpayers' $5 Billion Gives Electric Cars a Slow Jolt: Cars
17. Sprint $8 Billion War Chest Threatens AT&T-Verizon Duopoly: Tech
18. Sugar Glut Extending to Longest in More Than Decade: Commodities
19. Sprint 55% Get Best Payout Since '99 as Softbank Sinks: Real M&A
20. Palestinians Cry 'Feed My Children' as Abbas Rule Imperiled

1) China Credit Card Romney Assails Gives Way to Japan Lenders
(Bloomberg) -- China is poised to lose its place as the U.S.'s biggest
creditor for the first time since the height of the financial crisis,
blunting one of Mitt Romney's favored attacks in the presidential campaign.
Chinese holdings of Treasuries rose 0.1 percent this year through August to
$1.15 trillion, Treasury Department data on international capital flows
released today show. Japan, ...
Full story: {FIFW NSN MBZOLU1A1I4H <GO>}

2) Citigroup Expanded Shadow Banking as Pandit Urged Regulation
(Bloomberg) -- Vikram Pandit, who abruptly resigned today as chief
executive officer of Citigroup Inc., was among the most vocal critics of
shadow banking, the lightly regulated lending that can mask risk in the
financial system. He was also among the kings of the business. Under Pandit,
Citigroup arranged more than $7 billion of collateralized loan obligations
in the U.S. this year through September, three ...
Full story: {FIFW NSN MBZSVT6S972B <GO>}

3) Silicon Beach Draws Startups to L.A. as Office Rents Climb
(Bloomberg) -- Josh Payne spent seven years in San Francisco, where a
technology boom has pushed office rents to the highest level in a decade. He
headed south to Los Angeles's Venice area when starting his Internet firm,
StackSocial Inc. Payne and his 10 employees moved in August into a Frank
Gehry-designed loft with three-story-high windows that overlook the Pacific
Ocean and the boardwalk's parade of ...
Full story: {FIFW NSN MBZPY06S9729 <GO>}

4) Coca-Cola Abandoning Athens Leaves Market Trailing Vietnam
(Bloomberg) -- When Coca-Cola Hellenic Bottling Co. SA, the world's
second-largest Coca-Cola bottler, quits the Athens stock exchange for London
next year, it will leave the Greek market smaller than Vietnam. The
company's departure will cut the value of equities listed in Athens to about
$31 billion from $39.2 billion, data compiled by Bloomberg show. Vietnam is
valued at $35.2 billion. Greece's bourse is ...
Full story: {FIFW NSN MBZPL06TTDSF <GO>}

5) Ex-Goldman Mortgage Trader Birnbaum Said to Post 30% Fund Gain
(Bloomberg) -- Josh Birnbaum, the former Goldman Sachs Group Inc. trader
instrumental in the bank's bet against the U.S subprime mortgage market in
2007, posted a 30 percent gain this year in his hedge fund, according to a
person familiar with the matter. Tilden Park Capital Management LP, based in
New York with $1.1 billion in assets, rose 6 percent in ...
Full story: {FIFW NSN MBZQG06S9735 <GO>}

6) Goldman Sachs's O'Neill Sees BRICS Bank Gathering Momentum
(Bloomberg) -- Leaders from the world's biggest emerging markets are
moving closer toward establishing a development bank of their own, according
to Jim O'Neill, chairman of Goldman Sachs Asset Management. The so-called
BRICS nations of Brazil, Russia, India, China and South Africa have spent
the year considering an Indian proposal for a multilateral bank that would
be exclusively funded by ...
Full story: {FIFW NSN MBZW186S972O <GO>}

7) Bono's Village Braces for Fight in Dublin Bay Oil Drill Plan
(Bloomberg) -- In an Irish village known more for its riches than
resources, locals used to celebrity spotting are steeling themselves for a
fight over oil. Providence Resources Plc and its partner won a license on
Sept. 27 to carry out exploratory drilling in Dublin Bay, 7 kilometers (4.3
miles) east of Dalkey, where U2 frontman Bono and fellow musician Van
Morrison have homes. The plans are pitting villagers who ...
Full story: {FIFW NSN MBZCMQ07SXKX <GO>}

8) Billionaire Peterffy Says $1.9 Billion Tax Bill Helps Poor
(Bloomberg) -- Thomas Peterffy, the 68-year-old billionaire funding
anti-socialism commercials, said he helps the needy by paying his tax bill.
"The rich support the poor primarily via taxes," he said in an e-mail sent
to Bloomberg News by spokeswoman Caitlin Duffy. "I paid $1.9 billion in
taxes in my lifetime." The Hungarian-born chairman of Greenwich, ...
Full story: {FIFW NSN MC02K96S9735 <GO>}

9) Softbank Debt a Buy for Nomura as Downgrade Looms: Japan Credit
(Bloomberg) -- Bonds of Softbank Corp., facing a ratings cut on the
$20.1 billion takeover of Sprint Nextel Corp., are worth buying on further
declines because cash flows will cover the acquisition, according to Nomura
Holdings Inc. The extra yield investors demand to own the company's 1.67
percent notes due June 2015 rather than government debt widened 100 basis
points since the announcement on Oct. 12 to a ...
Full story: {FIFW NSN MBZKKT6JTSEH <GO>}

10) Cheap Gas From Fracking Fuels Profits at LyondellBasell: Energy
(Bloomberg) -- Profit margins for ethylene, a colorless gas used to
ripen fruit, open flowers and make products from plastic bags to paint
removers, are surging to near record levels and may climb further, reviving
fortunes of U.S. producers. Two of the commodity's largest makers,
LyondellBasell Industries NV and Westlake Chemical Co., have posted their
highest-ever profits and their shares have gained 66 percent and 91 percent
respectively this year. Their margins ...
Full story: {FIFW NSN MC06Q16S972N <GO>}

11) Ruble Bonds Diamond Miner's Best Friend for Debt: Russia Credit
(Bloomberg) -- OAO Alrosa, the world's biggest diamond miner by output,
is selling ruble bonds for the first time since 2010 to finance debt it was
forced to assume buying back natural gas assets from Russian lender VTB
Group. The board approved 60 billion rubles ($1.9 billion) of three-year
bonds, state-run Alrosa said in a filing on Oct. 12. The company may sell 10
billion rubles of notes by the end of ...
Full story: {FIFW NSN MBZSQG6JIJV9 <GO>}

12) South Africa's $38 Billion Water Gap Pits Vines Against Mines
(Bloomberg) -- Concrete patches on the canals snaking through Nico
Greeff's vineyards betray constant repairs to an outmoded irrigation system
that's the lifeblood of farming in South Africa's arid west. "The water
infrastructure is about 60 years old and the lifespan of a surfaced canal is
about 40 years," Greeff, 55, said on his farm near Vredendal, north of Cape
Town. "Sometimes there are breakages on the canal system, which interrupts
...
Full story: {FIFW NSN MBXX8707SXKX <GO>}

13) Sprint Said Not to Plan Buying Clearwire After Softbank Deal
(Bloomberg) -- Sprint Nextel Corp., which agreed to sell a 70 percent
stake to Softbank Corp. for $20.1 billion, has no immediate plans to take
over Clearwire Corp., said people with direct knowledge of the situation.
Softbank's and Sprint's priority is to close the deal they announced
yesterday, which will take six to eight months, said the people, who asked
not to be identified because the ...
Full story: {FIFW NSN MC05EV6S972Q <GO>}

14) Obama Under Pressure in Romney Debate Amid Early Voting
(Bloomberg) -- With voters already casting ballots and polls showing a
tightening race, President Barack Obama has little room for error in
tonight's second debate against Republican challenger Mitt Romney. The two
candidates take the stage at 9 p.m. at Hofstra University in Hempstead, New
York, as voters in 11 states, including the ...
Full story: {FIFW NSN MC06RM0D9L35 <GO>}

15) Abu Dhabi Yield Drops as Museums, Metals Spur GDP: Arab Credit
(Bloomberg) -- Abu Dhabi bond yields extended the longest run of
declines in 16 months as the emirate's economy grows three times faster than
that of the Group of 10 nations, fueled by spending on aluminum smelters and
art museums. The yield on Abu Dhabi's 5.5 percent dollar bonds due April
2014 fell 49 basis points to 0.61 percent in the past eight weeks, the
lowest level in the Middle East. That's 291 basis ...
Full story: {FIFW NSN MBZG7H6JTSFS <GO>}

16) Taxpayers' $5 Billion Gives Electric Cars a Slow Jolt: Cars
(Bloomberg) -- President Barack Obama has put $5 billion in taxpayer
money behind his goal of having 1 million electric cars on U.S. roads by
2015. The Republican presidential ticket says it's money wasted on "losers."
Whether the technology itself is a loser or consumers are merely slow to
adapt to new things, car buyers so far haven't embraced ...
Full story: {FIFW NSN MBZXR06KLVT5 <GO>}

17) Sprint $8 Billion War Chest Threatens AT&T-Verizon Duopoly: Tech
(Bloomberg) -- Softbank Corp.'s $20 billion deal with Sprint Nextel
Corp. gives Chief Executive Officer Dan Hesse the firepower to bring renewed
competition to the U.S. mobile- phone industry, creating benefits for
consumers and challenges for AT&T Inc. and Verizon Wireless. Softbank, based
in Tokyo, will deposit $8 billion into Hesse's war chest as part of a deal
in which the Japanese company will take a 70 percent stake in the
third-largest U.S. ...
Full story: {FIFW NSN MBZNSE6S972E <GO>}

18) Sugar Glut Extending to Longest in More Than Decade: Commodities
(Bloomberg) -- The global sugar glut is extending into a third year, the
longest stretch in more than a decade, as Brazil and Australia expand output
and imports contract to the smallest since 2008. Production will exceed
demand by 5.9 million metric tons in the year that began Oct. 1, more than
the U.S. consumes in six months, the International Sugar Organization
estimates. ...
Full story: {FIFW NSN MC065S6TTDS4 <GO>}

19) Sprint 55% Get Best Payout Since '99 as Softbank Sinks: Real M&A
(Bloomberg) -- For Sprint Nextel Corp. investors that get to cash out on
55 percent of their stock, the deal with Softbank Corp. represents the
mobile-phone industry's steepest premium in more than a decade for a company
languishing at the cheapest valuation. Japan's third-biggest mobile-phone
operator announced an agreement yesterday to buy out about 55 percent of
Sprint's stock for $7.30 a share in a deal that will ultimately give ...
Full story: {FIFW NSN MC066L0UQVI9 <GO>}

20) Palestinians Cry 'Feed My Children' as Abbas Rule Imperiled
(Bloomberg) -- In the Palestinian city of Ramallah, protesters thronged
the streets this month shouting "feed my children" after the government once
again failed to pay 170,000 civil servants their monthly salaries on time.
In Hebron to the south, hundreds of demonstrators burned tires in September
to protest the economic squeeze, while in Bethlehem residents tore down ...
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My News Daily Digest

The following are today's top stories on My News categories:

Business Briefing
1. Citigroup Board Said to Oust Pandit After Multiple Setbacks
2. IBM Declines as Revenue Trails on Weaker Euro, Hardware Sales
3. Stocks Rise on Spain Bailout Optimism, Earnings While Euro Gains
4. O'Neill Says 'Categorically No' That Pandit Departed Over Pay
5. Intel Fourth Quarter Sales Forecast Beats Analysts's Estimates

World News Briefing
6. Obama Under Pressure in Romney Debate Amid Early Voting
7. A123 Bankruptcy Gives Romney New Example of Green 'Loser'

Malaysia
8. Zeti Says Malaysia Can Withstand Capital Flows: Southeast Asia
9. MALAYSIA DAYBOOK: DRB-Hicom, Proton, AMMB, RCE Capital, Sime
10. Malaysian Palm-Oil Reserves May Drop After Tax Cuts, Fry Says

Stock Market News
11. Fortress Turns Bullish on Yuan, Chinese Stocks on Stimulus Bets
12. S&P 500 Rises Most in One Month on Industrial Output, Earnings
13. Europe Stocks Rise as Germany Open to Precautionary Spain Credit

Banking
14. Pandit Leaves Citigroup Citing Transformation at Bank: Timeline
15. Wells Fargo Creates Markets Unit as Stumpf Takes on Rivals (1)
16. Morgan Stanley Names Machen Co-Head of North America Bank Group

Commodities
17. Oil Rises in New York on Increasing Spanish Bailout Optimism
18. Sugar Glut Extending to Longest in More Than Decade: Commodities
19. Gold, Silver Rebound on Investment Demand After Dollar Declines

Hyland Software Inc
20. Hyland Software Said to Change Structure of Loans for Dividend


Business Briefing

1) Citigroup Board Said to Oust Pandit After Multiple Setbacks
Citigroup Inc. directors ousted Chief Executive Officer
Vikram Pandit after concluding his mismanagement of operations caused
setbacks with regulators and cost credibility with investors, a person with
knowledge of the discussions said. Episodes that led the board to replace
Pandit with Michael Corbat included the rejection by regulators in March of
a ...
Full Story: {FIFW NSN MC081C1A1I4H <GO>}

2) IBM Declines as Revenue Trails on Weaker Euro, Hardware Sales
International Business Machines Corp., the biggest
computer-services company, fell as much as 3.8 percent in extended trading
after reporting third-quarter revenue that fell short of estimates as
currency fluctuations and slow hardware sales crimped results. The shares
dropped 3.4 percent to $203.75 at 4:44 p.m., after trading as low as $203.
The stock, which rose 1 percent to $211 at the New York close, has gained 15
percent this year. Revenue ...
Full Story: {FIFW NSN MC07HX6S972A <GO>}

3) Stocks Rise on Spain Bailout Optimism, Earnings While Euro Gains
Global stocks jumped the most in a month amid
better-than-forecast U.S. earnings and industrial production, while the euro
and Spanish bonds gained as two German lawmakers said the country is open to
Spain seeking a precautionary credit line. The MSCI All-Country World Index
added 1.3 percent at 4 p.m. in New York as benchmark gauges in Spain and
Italy surged at least 2.5 percent. The Standard & Poor's 500 Index rallied 1
...
Full Story: {FIFW NSN MC05OY6S9729 <GO>}

4) O'Neill Says 'Categorically No' That Pandit Departed Over Pay
Michael O'Neill, the chairman of Citigroup Inc., said the
departure of Chief Executive Officer Vikram Pandit wasn't tied to
compensation. "Let me start with pay, the answer to that is categorically
no," O'Neill said today on a conference call held by the New York-based bank
when asked about the reason for Pandit's departure. --With assistance from
Susanna Pak in New York. Editors: Dan Kraut, David Scheer To contact the
reporter on this ...
Full Story: {FIFW NSN MC07PE1A74E9 <GO>}

5) Intel Fourth Quarter Sales Forecast Beats Analysts's Estimates
Intel Corp., the world's largest semiconductor maker,
forecast fourth quarter sales that beat some analysts' estimates, signaling
that a slump in demand for personal computers may abate. Revenue in the
current period will be $13.1 billion to $14.1 billion, Santa Clara,
California-based Intel said in a statement. Analysts on average had
projected sales of $13.7 billion, according to data compiled by Bloomberg.
Gross margin, a measure of profitability, ...
Full Story: {FIFW NSN MC05WC6S972N <GO>}

World News Briefing

6) Obama Under Pressure in Romney Debate Amid Early Voting
With voters already casting ballots and polls showing a
tightening race, President Barack Obama has little room for error in
tonight's second debate against Republican challenger Mitt Romney. The two
candidates take the stage at 9 p.m. at Hofstra University in Hempstead, New
York, as voters in 11 states, including the ...
Full Story: {FIFW NSN MC06RM0D9L35 <GO>}

7) A123 Bankruptcy Gives Romney New Example of Green 'Loser'
Republican presidential candidate Mitt Romney called the
bankruptcy filing by battery maker A123 Systems Inc., which received a
$249.1 million U.S. grant, an example of President Barack Obama's failed
green-energy policy. Romney, in the first debate with Obama two weeks ago,
called four companies "losers" in discussing ...
Full Story: {FIFW NSN MC01Z06KLVTE <GO>}

Malaysia

8) Zeti Says Malaysia Can Withstand Capital Flows: Southeast Asia
Malaysia can manage capital inflows due to monetary easing
in advanced economies, central bank Governor Zeti Akhtar Aziz said, as Asian
nations take steps to prevent asset bubbles after the U.S. boosted stimulus.
The country has policy tools and the flexibility to absorb any excess
liquidity, said Zeti, who oversaw Malaysia's response to capital outflows
during the Asian financial crisis more than a decade ago. The Malaysian
economy is withstanding the ...
Full Story: {FIFW NSN MBZ1WK0YHQ0X <GO>}

9) MALAYSIA DAYBOOK: DRB-Hicom, Proton, AMMB, RCE Capital, Sime
DRB-Hicom Bhd. (DRB MK) has completed its audit of Proton
Holdings Bhd. after taking over Malaysia's national carmaker and will
present a turnaround plan to banks by year-end, Group Managing Director Mohd
Khamil Jamil said in response to queries by Bloomberg News. EQUITY MOVERS: *
AMMB (AMM MK): Gets central bank approval to start talks with Friends Life
to repurchase 30% stakes in two joint ventures; Issues 710m ringgit of notes
under program; ...
Full Story: {FIFW NSN MC07KJ6KLVR7 <GO>}

10) Malaysian Palm-Oil Reserves May Drop After Tax Cuts, Fry Says
Record palm-oil stockpiles in Malaysia, the largest-producer
after Indonesia, may peak in December after the government announced tax
reforms and as biofuel demand emerges, according to LMC International Ltd.
The lower stockpiles should pull up the premium of crude palm oil, or CPO,
over Brent crude oil, Chairman James Fry said at a conference in Kuala
Lumpur today. "The evidence is that high stocks are linked to a low CPO
premium over petroleum ...
Full Story: {FIFW NSN MBZAO407SXKX <GO>}

Stock Market News

11) Fortress Turns Bullish on Yuan, Chinese Stocks on Stimulus Bets
Fortress Investment Group LLC turned bullish on China's yuan
and equities, after betting on declines earlier in the year, as it predicts
the government will arrest a seven-quarter slowdown in the world's
second-largest economy. China showed signs of "stabilization and modest
improvement" last month and pro-growth measures are likely once the nation's
new leadership is appointed in November, Adam Levinson, chief executive
officer of the hedge ...
Full Story: {FIFW NSN MBZK8R6S9736 <GO>}

12) S&P 500 Rises Most in One Month on Industrial Output, Earnings
U.S. stocks rallied, giving the Standard & Poor's 500 Index
its biggest gain in a month, as industrial production rose more than
forecast and corporate earnings topped estimates. Citigroup Inc. added 1.6
percent after Chief Executive Officer Vikram Pandit stepped down. Johnson &
Johnson climbed 1.4 percent after raising its 2012 forecast. Murphy Oil
Corp. rallied 8 percent after saying it plans to spin off its U.S. refined
fuels business. ...
Full Story: {FIFW NSN MC08LR6S972E <GO>}

13) Europe Stocks Rise as Germany Open to Precautionary Spain Credit
European stocks rose as two German lawmakers said the
country is open to Spain seeking a precautionary credit line from Europe's
rescue fund, and German investor confidence advanced more than expected in
October. BNP Paribas SA and Deutsche Bank AG paced gains among banking
shares. Rio Tinto Group rose 2.9 percent after the mining company posted
third-quarter iron-ore output that beat analyst projections. GKN Plc fell
3.4 percent after forecasting ...
Full Story: {FIFW NSN MBZU4F1A1I4H <GO>}

Banking

14) Pandit Leaves Citigroup Citing Transformation at Bank: Timeline
Vikram Pandit stepped down today as chief executive officer
of Citigroup Inc., saying his team had completed a turnaround at the bank.
Below is a timeline of Pandit's ascent to CEO, stewardship of the bank
through the credit crisis and its struggles with the economy and regulators:
April 13, 2007: Citigroup agrees to buy Old Lane Partners LP, the hedge fund
...
Full Story: {FIFW NSN MC00UZ1A74E9 <GO>}

15) Wells Fargo Creates Markets Unit as Stumpf Takes on Rivals (1)
Wells Fargo & Co., the biggest U.S. home lender, is
restructuring sales and trading operations to form a new markets division at
its investment bank as the firm challenges more established Wall Street
rivals. The division will be one of five main units under the Wells Fargo
Securities brand and include equity and fixed-income sales and trading,
commodities, prime services and ...
Full Story: {FIFW NSN MBZU8B6S973C <GO>}

16) Morgan Stanley Names Machen Co-Head of North America Bank Group
Morgan Stanley named Travis Machen as co-head of its North
American bank group, which advises depository institutions on mergers and
acquisitions and helps them issue stocks and bonds. Machen will head the
group alongside Grant Gregory, who was put in charge of the unit last year,
according to a memo obtained by Bloomberg News. Mary Claire Delaney, a
Morgan Stanley spokeswoman, confirmed the contents of the memo. Morgan
Stanley ranks third among ...
Full Story: {FIFW NSN MBZPL46S9739 <GO>}

Commodities

17) Oil Rises in New York on Increasing Spanish Bailout Optimism
Oil advanced in New York after two German lawmakers said the
country is open to Spain seeking a precautionary credit line from Europe's
rescue fund. Futures rose 0.3 percent as officials in Chancellor Angela
Merkel's Christian Democratic coalition indicated an easing of German
resistance to a Spanish bailout and Merkel praised Greece's reform. Crude
fell earlier on projections that U.S. supplies climbed last week. Brent
oil's premium to West Texas ...
Full Story: {FIFW NSN MC04U66JTSG1 <GO>}

18) Sugar Glut Extending to Longest in More Than Decade: Commodities
The global sugar glut is extending into a third year, the
longest stretch in more than a decade, as Brazil and Australia expand output
and imports contract to the smallest since 2008. Production will exceed
demand by 5.9 million metric tons in the year that began Oct. 1, more than
the U.S. consumes in six months, the International Sugar Organization
estimates. ...
Full Story: {FIFW NSN MC065S6TTDS4 <GO>}

19) Gold, Silver Rebound on Investment Demand After Dollar Declines
Gold futures rebounded from a four- week low as the dollar's
decline boosted demand for the metal as an alternative investment. Silver
also climbed. The greenback fell as much 0.5 percent against a basket of
major currencies on speculation that Spain may get a line of credit from
Europe's rescue fund, easing debt concerns in the region. Yesterday, gold
and silver tumbled the most in three months, partly on speculation that
China may refrain from ...
Full Story: {FIFW NSN MC00X107SXKX <GO>}

Hyland Software Inc

20) Hyland Software Said to Change Structure of Loans for Dividend
Hyland Software Inc. changed the structure on $380 million
of loans it's seeking to fund a dividend and refinance debt, according to a
person with knowledge of the transaction. The enterprise-software developer
controlled by Thoma Bravo LLC dropped plans to raise a $235 million
second-lien term loan and increased the size of a first-lien term loan to
$360 million from $320 million, said the person, who asked not to be
identified because the ...
Full Story: {FIFW NSN MBZO9U6TTDYD <GO>}

Contact me if you want this screener everyday

Penta: Resistance 21sen , support 19.5sen


Tuesday, October 16, 2012

scomi : downtrend ?


Chart - GPACKET - S1 50sen

Chart - PADINI - Support 1.60

Chart - BORNOIL - hit resistance 48sen

Top Stories: Business and Finance


The following are today's top stories from Business and Finance:

1.  Citigroup Shares Rise as Earnings Beat Estimates on Trading
2.  Stocks Rise as Retail Sales Beat Estimates; Commodities Decline
3.  Retail Sales Beating Forecasts Support U.S. Growth: Economy
4.  RBS Said to Suspend European Rates Trading Head in Libor Probe
5.  Glickenhaus to Close, Transfer Assets to Neuberger Berman
6.  Softbank Agrees to Buy Sprint Stake in $20.1 Billion Deal
7.  Global Economy Distress 3.0 Looms as Emerging Markets Falter
8.  Goldman Sachs Names Ex-Credit Suisse Banker Ogunlesi to Board
9.  ICE Switches More Than 900 Swaps to Futures on Dodd-Frank
10. Options Show Dollar May Defy History, Denying QE3 Debasement
11. New Oriental Jumps as Rising Exports Fuel Rally: China Overnight
12. Corn Belt Shifting North With Climate as Kansas Crop Withers

1)  Citigroup Shares Rise as Earnings Beat Estimates on Trading
    (Bloomberg) -- Citigroup Inc. advanced the most among the largest U.S. banks, reaching a six-month high after reporting a surprise third-quarter profit and a surge in bond- trading revenue that beat analysts' estimates. Citigroup rose 4.3 percent to $36.25 at 2:51 p.m., the biggest gain in the 81-company Standard & Poor's 500 Financials Index, after the New York-based company said net income excluding ...
Full story: {FIFW NSN MBY77Q6S972Y <GO>}

2)  Stocks Rise as Retail Sales Beat Estimates; Commodities Decline
    (Bloomberg) -- U.S. stocks rose, sending the Standard & Poor's 500 Index to its biggest gain in two weeks, and the yen weakened after American retail sales topped estimates. Commodities fell as manufacturing in the New York region shrank for a third month. The S&P 500 climbed 0.8 percent to 1,440.12 as of 4 p.m. in New York. The Stoxx Europe 600 Index climbed 0.5 percent. The S&P GSCI gauge of raw materials lost 0.3 percent, led by natural gas and ...
Full story: {FIFW NSN MBYAQZ6S972V <GO>}

3)  Retail Sales Beating Forecasts Support U.S. Growth: Economy
    (Bloomberg) -- Americans snapped up goods from cars to iPhones in September at a faster pace than forecast by economists, showing consumer demand was heading into the year- end holidays on a high note. The 1.1 percent advance followed a revised 1.2 percent increase in August, the best back-to-back showing since late 2010, Commerce Department figures showed today in Washington. The median forecast of 77 ...
Full story: {FIFW NSN MBY6FP1A1I4H <GO>}

4)  RBS Said to Suspend European Rates Trading Head in Libor Probe
    (Bloomberg) -- Royal Bank of Scotland Group Plc suspended its head of rates trading for Europe and the Asia- Pacific region, the first senior manager to be put on leave as part of the lender's probe into allegations of Libor-rigging, two people with knowledge of the move said. Jezri Mohideen was suspended on Oct. 12 after Bloomberg News reported he instructed colleagues to lower the British lender's submission to the London interbank offered rate in ...
Full story: {FIFW NSN MBXNOR0UQVI9 <GO>}

5)  Glickenhaus to Close, Transfer Assets to Neuberger Berman
    (Bloomberg) -- Seth Glickenhaus, who began his career on Wall Street as a messenger before the 1929 crash, is closing his business. Glickenhaus & Co., his New York-based firm that traces its roots to 1938, is transferring portfolio-management responsibilities for its $900 million in assets to Straus Group, a unit of Neuberger Berman led by senior partner Marvin Schwartz, the companies said today in a ...
Full story: {FIFW NSN MBY94J6S972F <GO>}

6)  Softbank Agrees to Buy Sprint Stake in $20.1 Billion Deal
    (Bloomberg) -- Softbank Corp. agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan's third-biggest mobile-phone operator seeks growth overseas amid a declining local market. Softbank will pay $12.1 billion to Sprint shareholders and the deal includes $8 billion of new capital, according to a statement today. The deal would be the biggest publicly announced outbound ...
Full story: {FIFW NSN MBYANL6KLVST <GO>}

7)  Global Economy Distress 3.0 Looms as Emerging Markets Falter
    (Bloomberg) -- The global economy is facing its third major brake on expansion in five years as emerging markets slow from China to Brazil, provoking debate about how much policy makers should respond. Three years after industrializing nations led the world out of the U.S. mortgage meltdown-induced recession, the reliability of the power source is waning as Europe's debt crisis ...
Full story: {FIFW NSN MBXL0W6JIJUR <GO>}

8)  Goldman Sachs Names Ex-Credit Suisse Banker Ogunlesi to Board
    (Bloomberg) -- Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, expanded its board to 11 members by adding former Credit Suisse Group AG executive Adebayo "Bayo" Ogunlesi. Ogunlesi, 58, is managing partner and chairman of Global Infrastructure Partners, a venture formed between Credit Suisse and General Electric Co. in 2006, Goldman Sachs said today in a statement. The New York-based firm said it expects to appoint an additional independent ...
Full story: {FIFW NSN MBYB5X6S972O <GO>}

9)  ICE Switches More Than 900 Swaps to Futures on Dodd-Frank
    (Bloomberg) -- Intercontinental Exchange Inc., the second-largest U.S. futures market, has converted more than 900 over-the-counter energy contracts to regulated futures in response to rules meant to prevent another financial crisis. The Commodity Futures Trading Commission guidelines that went into effect Oct. 12 require firms holding $8 billion of bilateral derivatives to ...
Full story: {FIFW NSN MBYC7S1A1I4L <GO>}

10) Options Show Dollar May Defy History, Denying QE3 Debasement
    (Bloomberg) -- Options traders are lining up behind the most-accurate foreign-exchange strategists and betting the dollar will break with history, emerging unscathed from the Federal Reserve's latest cash-printing stimulus efforts. Investors are paying a premium for options that profit if the dollar gains versus major U.S. trading partners, the reverse of what happened during the first two ...
Full story: {FIFW NSN MBXP166KLVSA <GO>}

11) New Oriental Jumps as Rising Exports Fuel Rally: China Overnight
    (Bloomberg) -- Chinese stocks in New York rose to a five-month high, as the fastest growth in money supply since June last year and better-than-estimated export data boosted prospects the economy is rebounding. The Bloomberg China-US Equity Index of the most-traded Chinese companies in the U.S. gained 1.1 percent to 94.76 yesterday, the highest level since May 15. New Oriental Education & Technology Group Inc. jumped after Oppenheimer & Co. upgraded the shares and ...
Full story: {FIFW NSN MBYCEM6TTDSN <GO>}

12) Corn Belt Shifting North With Climate as Kansas Crop Withers
    (Bloomberg) -- Joe Waldman is saying goodbye to corn after yet another hot and dry summer convinced the Kansas farmer that rainfall won't be there when he needs it anymore. "I finally just said uncle," said Waldman, 52, surveying his stunted crop about 100 miles north of Dodge City. Instead, he will expand sorghum, which requires less rain, let some fields remain fallow and restrict corn ...
Full story: {FIFW NSN MBYBM36TTDTU <GO>}

Destini


My News Daily Digest

The following are today's top stories on My News categories:

Business Briefing
1.      Citigroup Shares Rise as Earnings Beat Estimates on Trading
2.      Stocks Rise as Retail Sales Beat Estimates; Commodities Decline
3.      Retail Sales Beating Forecasts Support U.S. Growth: Economy
4.      RBS Said to Suspend European Rates Trading Head in Libor Probe
5.      Glickenhaus to Close, Transfer Assets to Neuberger Berman

World News Briefing
6.      Romney Gains Ground Amid Scrutiny on Taxes, Foreign Policy
7.      Biggest U.S.-Israeli Military Exercise Sends Message to Iran

Malaysia
8.      Zeti Says Malaysia Can Withstand Capital Flows: Southeast Asia
9.      MALAYSIA DAYBOOK: Tenaga Nasional, Gas Malaysia, Hiap Huat
10.     Malaysia Can Store 5.2 Million Tons of Palm Oil, Dompok Says

Stock Market News
11.     U.S. Stocks Rise as Retail Sales, Citigroup Profit Top Estimates
12.     Goldman Joins Wall Street Firms in Seeing S&P at Record in 2013
13.     U.S. EQUITY MOVERS: AKRX ANR ATE BSDM BSI ENPH GMO GROW HEK

Banking
14.     Basel Shift May Be Eased for Smaller Banks, OCC's Curry Says
15.     Spanish Banks' Mortgage Terms Unsettle Cleanup Plan: Euro Credit
16.     Bank Lending Stress Holds at Five-Year Low Before EU Heads Meet

Commodities
17.     ICE Switches More Than 900 Swaps to Futures on Dodd-Frank
18.     Gold, Silver Futures Drop Most in Three Months on Economy, China
19.     Bullish Wagers Drop to Eight-Week Low Before Rally: Commodities

Hyland Software Inc
20.     Kodak, AMR, Idearc, Patriot, MF Global, Dewey: Bankruptcy


Business Briefing

1)      Citigroup Shares Rise as Earnings Beat Estimates on Trading
                Citigroup Inc. advanced the most among the largest U.S. banks, reaching a six-month high after reporting a surprise third-quarter profit and a surge in bond- trading revenue that beat analysts' estimates. Citigroup rose 4.3 percent to $36.25 at 2:51 p.m., the biggest gain in the 81-company Standard & Poor's 500 Financials Index, after the New York-based company said net income excluding ...
Full Story: {FIFW NSN MBY77Q6S972Y <GO>}

2)      Stocks Rise as Retail Sales Beat Estimates; Commodities Decline
                U.S. stocks rose, sending the Standard & Poor's 500 Index to its biggest gain in two weeks, and the yen weakened after American retail sales topped estimates. Commodities fell as manufacturing in the New York region shrank for a third month. The S&P 500 climbed 0.8 percent to 1,440.12 as of 4 p.m. in New York. The Stoxx Europe 600 Index climbed 0.5 percent. The S&P GSCI gauge of raw materials lost 0.3 percent, led by natural gas and ...
Full Story: {FIFW NSN MBYAQZ6S972V <GO>}

3)      Retail Sales Beating Forecasts Support U.S. Growth: Economy
                Americans snapped up goods from cars to iPhones in September at a faster pace than forecast by economists, showing consumer demand was heading into the year- end holidays on a high note. The 1.1 percent advance followed a revised 1.2 percent increase in August, the best back-to-back showing since late 2010, Commerce Department figures showed today in Washington. The median forecast of 77 ...
Full Story: {FIFW NSN MBY6FP1A1I4H <GO>}

4)      RBS Said to Suspend European Rates Trading Head in Libor Probe
                Royal Bank of Scotland Group Plc suspended its head of rates trading for Europe and the Asia- Pacific region, the first senior manager to be put on leave as part of the lender's probe into allegations of Libor-rigging, two people with knowledge of the move said. Jezri Mohideen was suspended on Oct. 12 after Bloomberg News reported he instructed colleagues to lower the British lender's submission to the London interbank offered rate in ...
Full Story: {FIFW NSN MBXNOR0UQVI9 <GO>}

5)      Glickenhaus to Close, Transfer Assets to Neuberger Berman
                Seth Glickenhaus, who began his career on Wall Street as a messenger before the 1929 crash, is closing his business. Glickenhaus & Co., his New York-based firm that traces its roots to 1938, is transferring portfolio-management responsibilities for its $900 million in assets to Straus Group, a unit of Neuberger Berman led by senior partner Marvin Schwartz, the companies said today in a ...
Full Story: {FIFW NSN MBY94J6S972F <GO>}

World News Briefing

6)      Romney Gains Ground Amid Scrutiny on Taxes, Foreign Policy
                Republican presidential nominee Mitt Romney has narrowed the race against President Barack Obama by showing assertiveness on national security and taxes. Now those positions may be working against him. Over the weekend, the father of Christopher Stevens, the U.S. ambassador to Libya who was killed in the Sept. 11, 2012, attack in Benghazi, said ...
Full Story: {FIFW NSN MBY06Y0UQVI9 <GO>}

7)      Biggest U.S.-Israeli Military Exercise Sends Message to Iran
                The U.S. and Israel will begin their largest joint air and missile defense exercise by the end of this month, sending a message of solidarity between the nations to Iran and to American voters just before the Nov. 6 presidential election. The U.K. and Germany also will participate in the three- week "Austere Challenge" exercise involving as many as 3,500 U.S. personnel in the region ...
Full Story: {FIFW NSN MBY8PZ6KLVSS <GO>}

Malaysia

8)      Zeti Says Malaysia Can Withstand Capital Flows: Southeast Asia
                Malaysia can manage capital inflows due to quantitative easing in advanced economies, central bank Governor Zeti Akhtar Aziz said, as Asian nations take steps to prevent asset bubbles after the U.S. boosted stimulus. The country has policy tools and the flexibility to absorb any excess liquidity, said Zeti, who oversaw Malaysia's response to capital outflows during the Asian financial crisis more than a decade ago. The Malaysian economy is withstanding ...
Full Story: {FIFW NSN MBXQBY0YHQ0X <GO>}

9)      MALAYSIA DAYBOOK: Tenaga Nasional, Gas Malaysia, Hiap Huat
                Tenaga Nasional Bhd. (TNB MK), Malaysia's biggest electricity producer, signed an agreement with Indonesia's PT PLN and PT Bukit Asam to construct a trans- national power line and coal-fired plant. The line will run from Malaysia's Malacca state to Garuda Sakti in Indonesia's Sumatra and enable cross-border electricity exchange, Tenaga said in a Kuala Lumpur stock exchange filing. The capacity of the power plant, to be located in Sumatra's ...
Full Story: {FIFW NSN MBYBLA6KLVSA <GO>}

10)     Malaysia Can Store 5.2 Million Tons of Palm Oil, Dompok Says
                Malaysia can store 5.2 million metric tons of palm oil, according to Plantation Industries and Commodities Minister Bernard Dompok, puncturing speculation that capacity may be fully used after holdings advanced to a record. "Although prices have not been upbeat over the last few weeks, demand remains strong," Dompok told a conference in Kuala Lumpur today, before giving the storage-capacity ...
Full Story: {FIFW NSN MBXI1K07SXKX <GO>}

Stock Market News

11)     U.S. Stocks Rise as Retail Sales, Citigroup Profit Top Estimates
                U.S. stocks rose, as the Standard & Poor's 500 Index rebounded from its biggest weekly drop in four months, after American retail sales and Citigroup Inc.'s earnings topped estimates. The S&P 500 climbed 0.8 percent to 1,440.02 at 4 p.m. in New York. Citigroup soared 5.5 percent, the most since March, as results were helped by a surge in bond-trading revenue. "The retail sales report looked a little bit better than expected," Dan Veru, ...
Full Story: {FIFW NSN MBYA9L6TTDS0 <GO>}

12)     Goldman Joins Wall Street Firms in Seeing S&P at Record in 2013
                The Standard & Poor's 500 Index may climb to a record 1,575 next year, Goldman Sachs Group Inc.'s David Kostin predicts, joining four other Wall Street firms in forecasting the benchmark gauge will exceed its 2007 peak. The strategist' projection implies a 10 percent gain in the S&P 500 from the Oct. 12 close of 1,428.59. The advance would take the index above its all-time high of 1,565.15 reached on Oct. 9, 2007. Kostin, chief U.S. equity strategist at ...
Full Story: {FIFW NSN MBXZ3L6S972R <GO>}

13)     U.S. EQUITY MOVERS: AKRX ANR ATE BSDM BSI ENPH GMO GROW HEK
                Advancers: * BSI +10.2%; Gains on vol 430% of 3-mo avg * TSON +10.2%; Highest intraday since May 17 on vol 260% of 3- mo avg. * JRCC +9.5%; Gains for 3rd day on vol 194% of 3-mo avg * BSDM +8.7%; Gains on vol 430% of 3-mo avg. * PGNX +8.4%; Gains for 4th day * SILC +8.2%; Highest since Apr. 24 on vol 439% of 3-mo avg.; reports Oct. 22 * ANR +8.1%; Rebounds after 8% loss Friday * GMO +8%; Gains for 3rd day on vol 262% of 3-mo avg. * ...
Full Story: {FIFW NSN MBY6R36S972R <GO>}

Banking

14)     Basel Shift May Be Eased for Smaller Banks, OCC's Curry Says
                Smaller U.S. banks may get longer transition periods and so-called grandfather clauses to help ease them into compliance with proposed Basel III capital rules, Comptroller of the Currency Thomas Curry said today. "We will be thinking broadly about ways to reduce regulatory burden," Curry, 55, said at an American Bankers Association convention in San Diego. U.S. regulators in June ...
Full Story: {FIFW NSN MBY8BJ6S972H <GO>}

15)     Spanish Banks' Mortgage Terms Unsettle Cleanup Plan: Euro Credit
                Spanish banks, including Banco Sabadell SA, are charging clients high interest rates for home loans, a strategy that risks disrupting the nation's efforts to force banks to sell real estate. Sabadell, Spain's fifth-biggest bank, fixes a "floor," or minimum interest rate, of 3.25 percent on mortgages it grants for apartments it's trying to sell. Twelve-month Euribor, the ...
Full Story: {FIFW NSN MBXFYD6S972T <GO>}

16)     Bank Lending Stress Holds at Five-Year Low Before EU Heads Meet
                A measure of stress in Europe's short-term interbank lending market held near a five-year low as the region's leaders prepare for a summit in Brussels. The difference between the euro interbank offered rate and overnight index swaps, known as the Euribor-OIS spread, was 12 basis points, or 0.12 percentage point, at 3:26 p.m. in London, data compiled by Bloomberg show. The gauge fell to 11.8 basis points on Oct. 11, the tightest since August 2007. ...
Full Story: {FIFW NSN MBXVUD6TTDS5 <GO>}

Commodities

17)     ICE Switches More Than 900 Swaps to Futures on Dodd-Frank
                Intercontinental Exchange Inc., the second-largest U.S. futures market, has converted more than 900 over-the-counter energy contracts to regulated futures in response to rules meant to prevent another financial crisis. The Commodity Futures Trading Commission guidelines that went into effect Oct. 12 require firms holding $8 billion of bilateral derivatives to ...
Full Story: {FIFW NSN MBYC7S1A1I4L <GO>}

18)     Gold, Silver Futures Drop Most in Three Months on Economy, China
                Gold and silver futures fell the most in three months amid concern that the global economy is slowing and China may refrain from additional economic stimulus. Bank of Israel Governor Stanley Fischer said the world is "awfully close" to a recession. People's Bank of China Deputy Governor Yi Gang said that while policy makers will provide "appropriate" stimulus to stabilize growth, the central bank's main task is price stability, citing bubble ...
Full Story: {FIFW NSN MBY65G0UQVI9 <GO>}

19)     Bullish Wagers Drop to Eight-Week Low Before Rally: Commodities
                Hedge funds cut bullish commodity wagers to the lowest since the middle of August before signs the U.S. economy is improving and declining grain stockpiles drove prices to a three-week high. Speculators reduced net-long positions across 18 U.S. futures and options by 0.4 percent to 1.24 million contracts in the week ended Oct. 9, the lowest since Aug. 14, U.S. Commodity Futures Trading Commission data ...
Full Story: {FIFW NSN MBYEKA6S972K <GO>}

Hyland Software Inc

20)     Kodak, AMR, Idearc, Patriot, MF Global, Dewey: Bankruptcy
                Eastman Kodak Co. publicly disclosed cash-flow projections for the next three years, breaking out the operations the company intends to be the backbone for the Chapter 11 reorganization begun in January. Kodak intends to ...
Full Story: {FIFW NSN MBXOUH6KLVRA <GO>}

Monday, October 15, 2012

U.S. Sept. Advance Retail Sales: Statistical Summary (Table)




Chart - TAS - S1 47.5sen

Chart - SYF

Chart - ASUPREM - 60m , gc

Chart - COMPUGT

MAS ,Symmetrical + descending triangale ?


Destini , symmetrical triangle.