Capital markets news | Thu 1 Aug 2024
Equity and property markets
- Pantech eyes better valuation with manufacturing unit IPO Edge
- US rate cut to push up foreign fund inflows into Bursa in 2025 Star
- China’s Black Sesame to raise USD144m via Hong Kong IPO Edge
- India’s plans for tighter derivatives rules to quell frenzy Star
- BlackRock leads race to put private assets into ETFs Edge
- US bank regulator tightens control of asset managers’ bank stakes Edge
Debt and money markets
- Bintai Kinden receives nod for banking facilities restructuring Edge Star
- Malaysia’s outstanding business loans up 5.6% in Jun Star
- China regional banks face bond reversal with PBOC sales Star
- India’s Adani to issue maiden INR6b bonds in Aug NST
- US bond sales soar especially ABS Star
- Goldman sells significant risk transfer bond for USD2b loan portfolio Star
- UK’s Southern Water put on junk warning Edge
- Banca Generali wins dismissal of appeal over EUR344m notes Edge
Projects and business
- Infomina bags RM35m tech services contract from NRD Edge Star
- Kuwait Finance House exits Malaysia Edge NST Star
- KWAP to double exposure in private market by 2025 Edge
- KWAP to raise foreign investment to 30% by 2025 Star
- CelcomDigi submits proposal for 2nd 5G network Edge NST Star
- SIA warns of yield pressure due to competition, costs Edge NST Star
- India’s Adani Group considers investing in Vietnam’s airports Edge
Economy and market news
- Selangor a high-income state, exceed USD14k threshold Mail
- Malaysia’s reserve assets USD113.82b at end-Jun NST Star
- Singapore has one of the densest data centre capacities Star
- China’s weak consumer spending slams global brands Edge
- China’s Jul factory activity shrinks, services grow more slowly Star
- Bank of Japan raises interest rate for 2nd time in 17 years NST
- Australia inflation picks up in 2Q, but core measure slows Star
- US Fed expected to hold rates ahead of Sep cut Star
- UK allocates GBP1.5b for green power Star
- Global air passenger traffic up 9.1% in Jun Edge Star
Legal and policies
- Bursa fines Zen Tech, directors RM757,500 Edge NST Star
- BNM seized luxury items, RM30m in bank accounts of XFOX Star
- APB addresses auditor’s modified opinion Star
- Liquidators of firms in nickel scandal seek to recoup SGD855m Edge
- Thai court orders class action against Deloitte over Stark case Edge
- India’s steel ministry seeks probe into cheaper imports Edge
- New US rule on chip equipment exports to China exempts allies Edge NST
- Citi breached a rule on intercompany transactions Edge
