SINGAPORE
Singapore Telecommunications (ST) unveiled "a new and enhanced mio TV after a major acquisition deal with FOX International Channels to offer 40 of its channels, most of which will be available from 1 October."
Golden Agri-Resources (GGR) to issue $400M in 2.50% convertible bonds due October 2017.
City Developments Ltd. (CIT) and Hong Leong Holdings said they placed the highest bid in a tender for a mixed-use land parcel in the Singapore 's Potong Pasir district with a S$245M offer.
Singapore Exchange (SGX): Malaysia 's KNM Group Bhd said it plans to its German industrial equipment unit Borsig on the Singapore Stock Exchange in 2013.
US markets jumped on Thursday boosted by automobiles and diversified financials sectors. On the US economic data front, initial jobless claims decreased by 12,000 to 365K (370K expected) in the week ended September 1st. Moreover, US companies added 201,000 workers (140K expected) in August according to the ADP report while ISM non-manufacturing rose to 53.7 (52.5 expected) from 52.6 in July. Regarding US stocks, Navistar International (NAV +17.44% to $23.97) reported a 3Q pre-tax loss of $100M compared to a $54M loss in the 3Q 2011. Separately, Men's Wearhouse (MW +18.69% to $37.79) reported better than expected 2Q results and raised its FY guidance. After the US market close, SunTrust Banks (STI) announced a series of actions in 3Q that improve risk profile and strengthen balance sheet.
In Europe, stocks climbed as the ECB announced a new bond-purchase program. ECB kept its benchmark interest rate at 0.75%. Euro zone GDP fell 0.2% in 2Q, at the same pace than in 1Q. In addition, ECB cut FY2012 GDP forecast to -0.4% from -0.1% previously. German factory orders increased 0.5% in July (+0.3% expected) vs -1.6% in June (revised from -1.7%). BoE kept its benchmark interest rate at 0.5%. Regarding the stocks, Whitbread and William Morrison Supermarkets gained ground as quarterly sales beat estimates. This morning, the Nikkei225 index opened extremely higher, and is now challenging its 50-day moving average.
CHINA - HK
China approved a new construction project to build 2,018 kilometers of roads.
AIA Group (1299)announced that "AIG has agreed to sell by way of placement to certain institutional investors approximately 591.9 million ordinary shares of the outstanding ordinary shares of the Company held by AIG at a price per share of HK$26.50 which is expected to be completed by 11 September 2012. Subsequent to the Placing, AIG continues to hold approximately 13.69% of AIA's outstanding ordinary shares."
PCCW Ltd (8) issued an announcement to "clarify that the Company and its subsidiaries and the Chairman of the Company are not currently in talks with any third parties in relation to mergers and acquisitions of media businesses in Taiwan ."
HSBC Holdings (5) agreed to sell its U.S. and Canadian closed-life insurance operations to Enstar Group for $181M
Fosun International (656) said it agreed to buy a 119,969 sqm commercial residential development site in Chengdu , China at auction with a bid price of 1.8B yuan.
Huaneng Power International (902): The Development and Reform Commission approved the Co's project to build two sets of 300MW coal-fired cogeneration units at its Henan Huaneng Mianchi Cogeneration Power Plant.
SAIC Motor Corp. (600104) Augusst car sales rose 9.2% from a year earlier to 358,187 vehicles. January-August sales totaled 2.91 million vehicles, up 11.9% YoY.
Google Trend HK - popular searches: China Railway Group (390)
Citic Pacific Limited (267): ex-div HK$0.15
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