Capital markets news | Wed 28 Feb 2024

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Capital markets news | Wed 28 Feb 2024

Equity

  • Online trading platform Moomoo goes live NST Star Edge

  • Malaysia in sweet spot for prolonged bull market Mail Star

  • Lapasar raises RM31m from blue-chip investors Star

  • Unitrade plans RM42.2m private placement Edge

  • Shein tempts London with prospect of biggest-ever listing Edge

  • Alibaba leads record deal to create USD2.5b China AI firm Edge

Debt

  • PKNS’ AA3 and P1 issue ratings affirmed RAM

  • Pepsi and IBM sell bonds through Singapore for tax benefit Star Edge

Mergers and acquisitions

  • Columbia Asia silent on possible merger amid RM1b expansion plan Edge

  • Chevron and Exxon in dispute over Guyana oil Star

  • US FTC suing to block USD25b Kroger-Albertsons supermarket deal Edge 

Projects and business

  • Sapura Energy unveils integrated decommission service NST Star Edge

  • Cabinet approves RM1b Penang International Airport expansion NST Star

  • Port of Tanjung Pelepas completes first LNG bunkering operation Star

  • FedEx launches first cross-border delivery trial using EV Mail

  • Niche Capital Emas ends talks for Indonesia nickel mining Edge

  • Managepay receives approval to operate online money lending business Edge

  • Apple cancels work on electric car Edge

  • Sony cuts 900 jobs in gaming and shuts down London division Edge

  • US retailer Macy’s to close 150 stores Mail Star

  • British game maker Supermassive set to lay off 90 workers Edge

Economy and market news

  • Short-term interbank rates close steady on BNM operations Mail

  • Malaysia’s Jan Producer Price Index narrows to 0.6% Mail Star

  • Malaysia’s GDP growth poised to rise higher in 2024 Mail

  • BNM engages multiple parties to encourage forex inflows Mail Star

  • US aims to make 20% of world’s leading-edge chips by 2030 Nikkei

  • Japan inflation falls to 2% in Jan Mail

Legal and policies

  • US FDA to boost inspections of drug manufacturing units in India Mail

  • Indonesia to double palm oil replanting subsidy Star

  • Banks warily warm up to Fed repo backstop Star

  • Chinese chipmaker cleared in US criminal trade secrets case Edge

  • Russian tycoons lose UK appeal to unfreeze assets Edge

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