IDEAS OF THE DAY
l Results Note: COASTAL, GENM, GENTING, IOIPG, PHARMA
l Company Update: STAR
l On Our Portfolio: Higher Downside Risk
l Economic Viewpoint: Malaysia Consumer Price Index, Fuel Subsidy To be Removed
NEWS HIGHLIGHTS
l End of RON95, diesel subsidies
l Willowglen bags RM14.2m contract
l Gunaria, KL Kepong unit in share deal
l Bina Darulaman to acquire land worth RM202.0m
l Protasco sues PT Goldchild
FOREIGN NEWS HIGHLIGHTS
l Tesla says in talks with BMW over car batteries, parts
l BHP targets further spending cuts as iron prices tumble
l Visa sees Visa Europe option now costing more than USD10.0b
l Australia's Medibank IPO prices at AUD2.15 a share, raising AUD5.7b
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l Malaysia Scraps Fuel Subsidies As Najib Ends Decades-Old Policy
l Inflation Rate In October Rose To 2.8%
l Malaysia Jumps To No. 5 In The Latest World Talent Ranking
Asia
l Central Bank Seen Fueling Old China As Banks Hold Key To Policy Success
l Chinese Premier Urges 'New Growth Engines' Amid Slowing Economy: Xinhua
l Thailand Stepping Up Infrastructure Spending
Americas
l Brazil Government Slashes 2014 Budget Surplus Goal
l Mexico Cuts 2014 Growth Forecast After Surprisingly Weak Third-Quarter
Europe
l Draghi Throws ECB Door Open To Money Printing As Global Prospects Dim
Currencies
l Dollar Index Ends Week At Four-Year High
Commodities
l Oil Up First Time In 8 Weeks On China Rate Cut, OPEC Expectations
l Gold Rallies To 3-Week High After Surprise China Rate Cut
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