Capital markets news | Wed 31 Jul 2024
Equity and property markets
- 99 Speed Mart’s 9 Sep listing Malaysia’s biggest IPO in 7 years Edge Mail NST Star
- Maybank downgrades glove sector to tactical positive Mail Star
- Singapore brokers leverage AI to help investors Star
- Global rate decisions loom large for fragile EM carry trades Edge
- StanChart unveils record USD1.5b buyback Edge Star
- US IPO market to slow after USD6.1b busy week Star
Debt and money markets
- Sunsuria’s RM500m sukuk programme A+ rating affirmed MARC
- Cagamas concludes maiden RM50m 3-month social repurchase Edge
- India keeps global funds at bay with curbs on bond ownership Edge
- BoJ to cut bond buying Star
- Netflix in talks for 1st blue-chip bond Edge
- Borrowers rush into debt markets with billions in new sales Edge
- Miami eyes USD243m bonds for troubled office lot Star
- Venezuela election result threatens to extend bond market exile Star
Mergers and acquisitions
- Detik Ria keeps 49% stake in Prudential’s Malaysian licensee Edge
- Enra seeks shareholders’ approval to sell chemical tanker for RM70m Edge
- Khazanah completes acquisition of Mavcap, Penjana Kapital Edge NST Star
- BHP, Lundin Mining to buy Filo for USD3.25b Edge
- Silver Lake to join IFM Investors-backed group in AirTrunk bidding Edge
- Canva to buy AI startup in year’s second deal to catch Adobe Edge
- Glencore to announce next week whether it will spin off coal Edge
Projects and business
- TCS bags RM130m apartment contract in Kuala Langat Edge NST Star
- Awantec, Nacsa ink MOU on cybersecurity technologies Edge NST Star
- Advancecon bags RM38.25m Sime Darby Property contract Edge Star
- Velocity Capital receives SKM, LFSA approvals for financial services NST
- AirTrunk opens AI-ready data centre in Malaysia Edge
- MAHB airport maintenance cost up 34% in 2024 Edge Star
- Singapore’s Temasek to invest USD30b in US over 5 years Edge
- Unicorn startup eFishery layoffs driven by weak domestic demand Star
- Air New Zealand axes climate goal on sector’s green struggle Edge
- Onus on Amazon for sale of hazardous 3rd-party products Edge
- Tesla recalls 1.85m US vehicles over unlatched hood issue Edge
Economy and market news
- Indonesia’s tight supply of CPO benefits Malaysia Edge
- Strategic marketing of Malaysian palm oil to China in a soft market Edge
- MOF sets 3 short-term priorities for Budget 2025 Edge NST Star
- AI-grade data centres support Malaysia’s digital economy Edge NST Star
- Singapore firms go into wind ventures in Scotland Star
- Chinese solar firm forced into bankruptcy as glut deepens Edge
- Japan’s labour market stays tight, supporting wage growth Edge
- Asia-Pacific cross-border investments up 33% in 2H2024 Edge
- Saudi Arabia sees lithium investment options in Chile Edge
- NY transit system needs overhaul worth USD51.5b Star
- Carbon credits found to be mostly ineffective in key study Edge
- Brent down 1.4% to 7-week low USD78.63 on China worries Star
Legal and policies
- SMEs face huge challenges in implementing e-invoicing Edge
- MyCC fined cartel companies RM570m Edge
- Thailand seeks to reverse brain drain with 5-year tax breaks Edge
- Liquidators struggle to recover cash from China’s broke builders Edge
- South Korea taps US trade deal to prevent chip spats with Japan Star
- New Zealand delivers on tax cut promise Star
- EU’s new biodiesel tariff increases will harm China ties Star
- Grifols’ auditor discovers accounting discrepancy linked to China stake Edge
- Airbus faces UK criminal probe over export control breach Edge
