Friday, January 25, 2013

My News Daily Digest

Business Briefing
1. Microsoft Sales Meets Analysts' Projections on Corporate Demand
2. Morgan Stanley CEO Pay Said to Fall 30% Excluding New Incentive
3. Treasuries Fall With U.S. Stocks Little Changed as Apple Plunges
4. Fed Pushes Balance Sheet to Record $3 Trillion on Bond Buying
5. Global Regulators Said to Weigh Delay of Derivative Margin Rules

World News Briefing
6. Obama Names Former Prosecutor Mary Jo White as SEC Chairman
7. U.S. Says North Korea Needlessly Provocative With Threats

Malaysia
8. MALAYSIA DAYBOOK: Inflation, Sunway, Tenaga Nasional, Zhulian
9. Royal Selangor enters India, plans to set up 18 more outlets
10. Malaysia Food Inflation Hovering at Trough 2% Level: BI Chart

Stock Market News
11. Credit Suisse Put-Price Index at Record Belies VIX Drop: Options
12. U.S. Stocks Rise as Earnings, Jobless Claims Overshadow Apple
13. European Stocks Rise to 23-Month High as Vodafone, EasyJet Jump

Banking
14. Monte Paschi Hid Documents on Deals, Bank of Italy Says (3)
15. RBC's McKay Sees Path Back to U.S. Retail Bank: Corporate Canada
16. TD Bank Is Targeting U.S. Corporate Banking, Meneley Says (2)

Commodities
17. Barry Lind, CME Trader Who Shaped Futures Industry, Dies at 74
18. Oil Rises on Improving Economic Data as Brent-WTI Spread Narrows
19. Copper Falls for Second Day as Equities Decline, Supplies Grow

Pohkong


Wednesday, January 23, 2013

(BN) Euro Trades Near 11-Month High on Signs of Economic Improvement

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

Euro Trades Near 11-Month High on Signs of Economic Improvement
2013-01-22 23:41:09.789 GMT


By Kristine Aquino and Mariko Ishikawa
Jan. 23 (Bloomberg) -- The euro was 0.6 percent from its
highest level in almost 11 months as economists predict an
improvement in manufacturing and services in the currency bloc.
The yen remained higher after an advance yesterday that was
the biggest in eight months after the Bank of Japan announced a
delayed increase in monetary easing efforts yesterday.
Australia's currency held a two-day gain before the nation's
statistics bureau releases data on inflation for the fourth
quarter today.
"Sometime around the middle of the year, you should start
to see stronger signs of growth in the European economy," said
Joseph Capurso, a Sydney-based currency strategist at
Commonwealth Bank of Australia, the nation's biggest lender.
"Signs that the euro-zone recession is slowly easing will be
positive for the euro."
The shared currency bought $1.3318 as of 8:26 a.m. in
Tokyo. It touched $1.3404 on Jan. 14, the highest level since
February. It added 0.1 percent to 118.25 yen. Japan's currency
fetched 88.66 per dollar after climbing 1 percent yesterday to
88.71, the biggest advance since May. The Australian dollar was
at $1.0563 after rising 0.5 percent in the previous two days.
A preliminary reading of a composite index based on a
survey of purchasing managers in euro-area manufacturing and
services will probably show a gain to 47.5 this month from 47.2
in December, according to the median estimate in a Bloomberg
News survey. A reading below 50 indicates contraction. Markit
Economics will release the data tomorrow.
Australia's trimmed mean gauge of core prices probably rose
0.7 percent in the fourth quarter, matching the previous three-
month period's reading, according to the median forecast of
economists surveyed by Bloomberg News. The data is due at 11:30
a.m. Sydney time.

For Related News and Information:
Top currency stories: TOP FX <GO>
Foreign-Exchange Information Platform: FXIP <GO>
Foreign-exchange forecasts: FXFC <GO>
Financial-conditions monitor: FCON <GO>
Bank of Japan news: NI BOJ <GO>
European debt-crisis news: TOP CRIS <GO>
Credit-Market Watch: CMW <GO>

--Editors: Jonathan Annells, Rocky Swift

To contact the reporters on this story:
Kristine Aquino in Singapore at +65-6212-1550 or
kaquino1@bloomberg.net;
Mariko Ishikawa in Tokyo at +81-3-3201-3654 or
mishikawa9@bloomberg.net

To contact the editor responsible for this story:
Rocky Swift at +81-3-3201-2078 or
rswift5@bloomberg.net

(BFW) MALAYSIA DAYBOOK: Inflation, CapitaMalls Malaysia, Country View

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

MALAYSIA DAYBOOK: Inflation, CapitaMalls Malaysia, Country View
2013-01-22 20:34:58.819 GMT


(To be sent this Daybook daily: SALT MYDAYBOOK)

By Ranjeetha Pakiam
Jan. 23 (Bloomberg) -- Malaysian inflation likely quickened
at 1.4 percent in December from 1.3 percent a month earlier,
according to the median forecast of 15 economists in a Bloomberg
News survey. The government is expected to release data at 5
p.m.

EQUITY MOVERS:
* Atrium Real Estate Investment Trust (ATRM MK): 4Q profit
gains to 16m ringgit vs 9.3m ringgit yr ago
* CapitaMalls Malaysia Trust (CMMT MK): 4Q net income gains to
48.6m ringgit vs 45.1m ringgit yr earlier; Shrs to trade ex-
dividend on Feb. 6
* Country View (CVB MK): 4Q profit gains to 13.4m ringgit vs
4.72m ringgit yr earlier. Shrs to go ex-dividend on Feb. 8;
co. declares dividend of 6 sen/shr
* Globetronics Technology (GTB MK): Shrs to trade ex-dividend
on March 13
* Pantech Group Holdings (PGHB MK): 3Q profit gains to 15.6m
ringgit vs 10.3m ringgit yr ago. Stock to trade ex-dividend
on March 18; co. declares interim single tier dividend of
1.2 sen/shr
* Redtone International (RIB MK): Co. posts 2Q net income of
3.97m ringgit vs net loss of 82,000 ringgit yr earlier

WHAT TO WATCH:
* Tenaga Nasional (TNB MK): Co. to announce 1Q earnings at 5pm
* Tune Ins Holdings to release IPO prospectus at 9am

MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index fell 0.4%
* The MSCI Asia Pacific Index advanced 0.5%
* The Dow Jones Industrial Average rose 0.4% at 3:30 p.m. New
York time
* Palm oil April-delivery futures gained 1.9%

For Related News and Information:
Most-read stories about Malaysia today: MNI MALAY 1D <GO>
Malaysian economic statistics: ECST MA <GO>
Malaysian economic forecasts: ECFC MYR <GO>
Malaysian interest rate forecasts: BYFC MYR <GO>
Malaysia's key overnight policy rate: MAOPRATE <INDEX> GP <GO>

--With assistance from Ben Sharples in Melbourne. Editor:

To contact the reporter on this story:
Ranjeetha Pakiam in Kuala Lumpur at +60-3-2302-7856 or
rpakiam@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

Sunday, January 20, 2013

Ivory - S1 50.5sen



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Nzm