Malaysia-Market Factors To Watch On Aug 16(Friday)


KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the Malaysian market.

GLOBAL MARKETS
 
-Shares, bonds slide on U.S. economic data
 
- SE Asia Stocks-Most weak; Jakarta trims losses on expected rate decision
 
WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:
 
 * Prime Minister Najib Razak attends "Opens Settlers Day 2013" celebration at Felda Sg Tiang, Pendang, Kedah at 0930am (0130).
 
 * Manipal Hospitals announces acquisition of majority control of a 70-bed hospital in Klang, Kuala Lumpur Hilton, 10.00 am (0200).
 
MARKET NEWS
 
 > Nikkei retreats from 1-week high; ministers' tax comments sour mood
 
 > Wall St posts biggest drop since June on weak results
 
 > U.S. yields jump to 2-year highs on upbeat claims data
 
 > Dollar falls in volatile trade after mixed signals from data
 
 > Gold up 2 pct to above $1,360 on technical breakout
 
 > Oil hits four-month high as supply fears reign
 
 > Palm rises to 1-mth high on strong exports
 
MALAYSIA IN THE NEWS:
 
 > DRB-HICOM unit seeks govt approval to sell life assurance business
 
 > MAHB to issue $305.3 mln sukuk to fund rising budget terminal costs
 
 > Malaysia's AXIS REIT issues 155 mln rgt in Islamic bonds
 
> UPDATE 1-Exxon, Shell advance in Newfield's Asia auction-sources
 
 > HK's Richard Li to tap ex-AIA deputy as new insurance CEO-sources - Reuters 

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