Capital markets news | Mon 11 Mar 2024
Equity
- Silver Ridge proposes private placement and diversification into construction Star
- Versa received RM3m after a week of launching funds Mail
- Bitcoin rises to record high over USD70k Mail
- eToro considers New York IPO at USD3.5b valuation Edge
Debt
Mergers and acquisitions
- Scientex to acquire Kuala Selangor land for RM335.68m Star Edge
- Barakah Offshore seeks shareholders’ approval to sell Kota Laksamana 101 Edge
- Top Asian poultry firm Japfa owners mull taking company private Edge
Projects and business
- Nestle’s RM18m biomass power plant in Rembau begins operation Star NST
- Varia signs MoU with Sungai Klang Link for highway project Star NST Edge
- Samaiden signs 20-year solar PPA with Maxell Tohshin Star NST Edge
- PNSB, IJM and LSH collaborate to transform Selangor economy Star Edge
- IHH to expand Timberland Medical Centre in Sarawak NST Edge
- 102m tonnes of new oil and gas reserves found in South China Sea Mail
- TSMC to win more than USD5b grants for US chip plant Edge
- Goldman Sachs exits Japan transaction banking in sudden reversal Edge
- JPMorgan Asset Management says China is irreplaceable Edge
- Huawei chip breakthrough used tech from two US gear suppliers Edge
Economy and market news
- Malaysia’s unemployment stays at 3.3% in Jan Mail
- Fed’s Kashkari sees 1-2 rate cuts in 2024 Star
- China must do more to lift employment, stabilise housing market Mail
- China CPI up in Feb for first time in 6 months Mail
- US job growth accelerates in Feb, unemployment rate rises to 3.9% Mail
- BoJ leaning toward exiting negative rates in March Mail
- World food price index falls in Feb for 7th straight month Mail
- ECB rate cut likely in spring Mail
- India to invest USD1.2b in AI infrastructure, startups Mail
Legal and policies
- Cabotage policy reinstatement boosts Malaysia’s digital aspirations Mail
- Government to take action against palm oil discrimination Mail
- China Evergrande liquidators appoint legal advisers Star Edge
- Shein to face tough EU online content rules as users in region soar Mail Edge
- US mulls blacklisting CXMT to curb China’s chip advance Edge
- Dutch call for EU to do more for countries worried about green trade rules Edge
- France investigating corruption tied to billionaire Drahi’s Altice Edge
- South Korea regulator may sanction Meta over marketplace Edge
