NEWS HIGHLIGHTS
l Fernandes: Aborted Batavia Air deal not a setback, AirAsia will forge ahead in Indonesia
l UMW unit divests stake in Multicoat
l MPHB to use proceeds to repay borrowings
l TH Plantations sued for alleged RM394.8m worth of damages
l Masteel declares interim dividend of 1 sen/share
l Dec CPO futures plunge 5% on profit taking, after export tax cuts
l MASwings eyes 1.5m passengers
l Asia Media share price drop‘temporary’, says CEO
FOREIGN NEWS HIGHLIGHTS
l Deutsche Telekom aims to close MetroPCS deal in second quarter of 2013
l Providence said to sell 10.0% Hulu stake for USD200.0m
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l Singapore Economy Contracts 1.5% But Avoids Recession.
l China’s Economy Shows Signs Of Stabilizing As Exports Strengthen
l Controlling Inflation Top Priority For China
l India's Industrial Output Growth Rises In August, Still Weak.
USA
l Consumer Sentiment Rises Unexpectedly To 5-Year High.
l Producer Prices Lifted By Energy, But Inflation Muted
l Bernanke Defends Federal Reserve Stimulus Measures
Europe
l IMF's Christine Lagarde Backs More Time For Greece
l UK Construction Sector Contracts Again In August
Commodities
l Brent Falls$1/Bbl, Spread To U.S. Crude Narrows
Currencies
l Dollar Edges Down; Euro Gains On Spain Speculation.
l Gold Falls, US Data Feeds Worry Fed Could Curb Stimulus
Source: Kenanga
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