Morning Coffee News (Asia)

What to Watch*
News Corp.’s AUD 2 billion bid for ConsMedia faces challenge from No. 2 stakeholder Seven Group, which says it too may
make offer
Samsung is investigating customer complaint that its newest Galaxy phone overheated & caught fire; co. briefing at 8 am HKT
India’s govt & central bank will today outline steps to support falling rupee, finance minister says; note PTI reports govt may
fund public projects, helping to cut deficit
drop
BHP & Rio’s FY13 profit estimates were cut at UBS, which sees Australia levying heavier mining taxes as commodity prices
Hon Hai says it will take USD 214 million loss on its purchase of stake in Sharp
Chinese officials may be falsifying economic data to hide true degree of slowdown, NYT says, citing corporate execs
Qatar wants to invest up to $5b, mainly in A-shrs, through newly China’s newly expanded QFII program, CSJ reports
Aeon may create REIT that would raise up to 200 billion yen (USD 2.5 billion) through IPO this yr, Nikkei reports, without
citing anyone
Investment banks, brokers are said top have launched round of job cuts across Asia, mostly in equities, with more layoffs
coming, Reuters reports
PepsiCo is exploring loosened restrictions on investing in Myanmar as Coca-Cola plans its return to Asian nation
Oil & gas cos. are curtailing output in Gulf of Mexico today as Tropical Storm Debby approaches
Bank for Intl Settlements says central banks are approaching limit of what monetary stimulus can do to help economies
Greece’s new leaders want EU to relent on demands for govt-job cuts, higher tax collections; troika has canceled visit planned
for today
Key Economic Event for this week (Last update on 25/06/12)
Country Event/Data For Bloomberg Consensus Previous
Monday, 25 June 2012
Singapore CPI yoy % Jun 7.5 8.3
Taiwan Commercial Sales yoy % May 5.1 5.4
Taiwan Industrial Production yoy % May n.a. -2.4
Tuesday, 26 June 2012
Philippines Trade balance USD bn Apr n.a. -1.1
Singapore Industrial production yoy % May 6.1 -0.3
Hong Kong Trade balance HKD bn May n.a. -42.9
Wednesday, 27 June 2012
New Zealand Trade balance NZD mn May 300 355
Thursday, 28 June 2012
Japan Manufacturing PMI Jun n.a. 50.7
Japan Retail Trade yoy % May 3.0 5.7
Thailand Manufacturing Production Index May 2.5 0.5
Friday, 29 June 2012
Korea Industrial production yoy % May 0.5 0
Japan Jobless rate % May 4.5 4.6
Japan CPI yoy % May 0.2 0.4
Japan Industrial production –prelim yoy % May 6.6 12.9
China HSBC Manufacturing PMI Jun n.a. 48
* Numbers shown in the content can vary from the table on page 1 due to the time the information was collected.
Important: Please take note of the legal information on the last page of this documentation. 2 of 4