Capital markets news | Thu 9 May 2024
Equity
- IT services firm Go Hub gets Bursa nod for ACE Market listing Edge NST Star
- SC says financial planners should give sound financial advice Star
- Malaysia to gain foreign inflows with baby boomers passing on USD1.9t Star
- Alstom seek shareholders’ approval for USD1b rights issue Edge NST Star
- Global VC funding growth stays flat in Apr Edge
- Saudi Arabia AI fund would divest from China if US asked Edge
- Einhorn sees markets fundamentally broken Star
- DeepMind alumni raise USD200m funding round for Holistic AI Star
- Cocoa-free chocolate maker raises USD52m Star
Debt
- Moody’s affirms CIMB’s Baa1 issuer ratings Edge
- Digital banks will not affect traditional banks in Malaysia Edge Star
- Public Bank mobilised RM53b sustainable finance since 2020 Edge NST Star
- Global ESG sukuk issuance to cross USD50b within 2 years Edge NST
- Uncertainty slows Taiwan’s bond trading rate path Star
- China’s surging industrial loans aren’t going to its factories Star
Mergers and acquisitions
- Paragon Globe to sell part of JB land it just bought for RM238m Edge Star
- Axiata, Sinar Mas seeking permission for Indonesia merger Edge NST Star
- Mega First buys 64% of CSC Agriculture for RM25m Edge
- IHH invests in sleep disorder detection company Belun Technology NST
- StarHub, M1 merger back on Edge
- LA’s USD1.2b Graffiti Towers put on sale after bankruptcy Edge
- Shell to sell Singapore assets to Chandra Asri, Glencore Edge NST Star
- Olam makes new offer for Australia’s Namoi Edge
- KKR to buy Perpetual wealth, corporate units Star
- Santos, Repsol explore sale of stakes in Alaska oilfields Star
Projects and business
- Guyana cabinet approved bid by Petronas, QatarEnergy, TotalEnergies Edge
- Pharmaniaga’s auditors raise going concern issue again Edge Star
- Sarawak Cable needs a new white knight Edge
- Home Ministry signs 14 contracts with local companies worth RM2b Edge
- Turkiye’s Karpowership to invest in Sabah’s power sector Edge
- Amazon Web Services picks Vstecs as first distributor in Malaysia Edge Star
- TEQ Armada partners France’s Elno for Malaysia’s defence communication NST
- SpaceX’s unit Starlink secures Indonesia operating permit Edge
- TGS halts Argentinian LNG plant as YPF’s project seeks backers Edge
- Amazon breaks into Europe 5G networks with Telefonica cloud deal Edge
- CICC, Citic, JPMorgan cut investment banking jobs in China Edge
- BNP Paribas closes South African investment bank Star
Economy and market news
- Economists bet on BNM leaving the OPR unchanged Edge Mail Star
- Malaysia eyes orangutan diplomacy with palm oil importers Edge NST
- Corporate demand to push Malaysian banks’ credit growth to 6% Edge
- BNM international reserves fall to USD112.8b Star
- Global supply chain shift sparks competition for FDI Star
- Goldman Sachs expects OPEC+ to maintain production in Jun Edge
- Global semiconductor industry to recover through 2026 on AI demand Edge
- US to triple chipmaking capacity by 2032 Edge
- Blackstone, Starwood split on commercial-property market risks Edge
- AI boom set to fuel data centre deals in Asia this year Edge Star
- German industrial output falls 0.4% m-o-m, less than feared Mail
- Sweden cuts key rate for 1st time in 8 years Mail Star
- Global car giants seek tech allies in China’s cutthroat EV market Mail Star
- In rapidly ageing China, millions just cannot afford retirement Star
- Rig dearth aggravates Indonesia’s declining oil and gas production Star
- Japan’s helping hand in BoE Jun rate cut window Star
Legal and policies
- Financial planners should report suspicious activities to authorities Edge
- Fusionex liquidators probing diversion of business to 3rd parties Edge
- Annum slips into PN17 after auditor can’t vouch for financials Edge NST
- Ivory Properties gets 3-month restraining order against winding up Edge
- Intel, Qualcomm say exports to China blocked as Beijing objects Edge Mail NST
- US eyes curbs on China’s access to AI software behind ChatGPT Edge
- US could ban Chinese connected vehicles or impose restrictions Mail
- EU eyes 1st ever sanctions on Russia’s LNG sector Mail
