Today’s Highlights
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Sector Update –
Banking (OVERWEIGHT, maintain) - A recovery in place, earnings downgrade peaked
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Economy – Foreign
Reserves - Reserves unchanged at US95.6bn as at 29th February
Quick Bites
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FGV: Proposed Zhong
Ling acquisition now subject to shareholders' approval
Outside Malaysia
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S&P 500 closes
little changed as energy rally offsets tech slide
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Borrowing by US
consumers rises least since November 2013
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ECB reviewing QE
bought €62bn of debt in February
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German factory orders
drop as global slowdown weighs on economy
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China's foreign
reserves slow decline as currency stabilizes
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Hong Kong home sales
tumble 70% as slowdown intensifies
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Kuroda says impact of
next sales tax rise to be less than 2014's
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Brent crude tops
US$40 for first time since December on output
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