Capital markets news | Mon 15 Apr 2024

Equity

• Mercury Securities values MKH Oil Palm at 80 sen Edge Star
• SGX’s turnover value down 15% to SGD23.79b in Mar 2024 Edge
• Norway wealth fund will not invest in private equity Edge
• Bharti Hexacom jumps 43% after India’s biggest IPO in a year Edge
• Vodafone Idea to raise USD2.16b in India’s biggest follow-on public offering Edge
• Cathie Wood’s Ark Investment management announces OpenAI stake Edge
• Fujifilm raises US biotech plant investment by USD1.2b Mail

Debt

• Yinson hires bankers for USD500m bond issue Edge NST
• Japan’s 5-year yield rises to highest since 2011 on BOJ bets Edge
• China banks will not blame staff if loans to developers turn bad Edge

Mergers and acquisitions

• MUFG eyeing USD1.7b stake in HDFC unit Edge
• Thailand’s Central Group buys Germany’s KaDeWe property Edge Mail
• US Steel shareholders approve Nippon Steel’s USD14b offer Edge Mail Star
• Paramount shareholders vocal about Skydance merger Edge

Projects and business

• Nextgreen-IOI rope in Xiamen C&D for Pahang paper pulp plant Edge
• Bahvest’s gold mining in Sabah gets federal government approval Edge
• Upgrading of Bintulu Port project to be awarded in 3Q Star
• Bitcoin ‘halving’ will deal a USD10b blow to crypto miners Edge Star
• Xpeng partners Sime Darby Motors for Hong Kong expansion Edge Star
• UBS needs USD10b-USD15b extra capital to meet new Swiss rules Edge Star
• Venezuela furious over Guyana’s oil concession to ExxonMobil Mail Star
• Hyundai to develop uncrewed surface vessel with controversial Palantir Star

Economy and market news

• CPO futures end lower, in line with CBOT soybean oil weakness Edge NST
• Latin American palm oil exports on the rise Star
• Bank of England to reform economic forecasting Mail
• China set to keep key rate, liquidity steady to cement recovery Edge Star
• Argentina inflation slows in Mar, almost 290% year-on-year Mail
• Weather caused UK property insurance payouts to hit USD6b Mail
• Chinese exports fell 7.5% in Mar Mail NST
• UK growth uptick fuels hopes of recession exit Mail
• US becomes Taiwan’s largest export market due to chips, AI NST
• South Korea’s central bank becomes cautious, no rush to cut Star
• Global semiconductor manufacturing equipment sales dip to USD106.3b in 2023 Star

Legal and policies

• China vows to tighten stock market supervision to control risks Edge
• China tells telecom carriers to phase out foreign chips in blow to Intel, AMD Edge
• US lawmakers angry after Huawei unveiled laptop with new Intel AI chip Edge
• Chinese body says EU electric vehicle probe is stacked against China Edge
• China tightens Russia payments scrutiny, hitting electronics components Edge
• LME bans Russian-origin metal after UK, US impose new sanctions NST
• China strengthens company delisting rules to improve markets Star