Capital markets news | Wed 7 Aug 2024
Equity and property markets
- Elridge Energy launches RM203m ACE Market IPO Edge NST Star
- 4 of Southeast Asia’s top 10 IPOs in 1H2024 were in Malaysia NST
- Biggest margin debt unwind since 1999 spurred Taiwan stock rout Edge
- BOJ under fire for rate-hike timing after market meltdown Edge
- Lucid gets USD1.5b lifeline ahead of electric SUV rollout Edge Star
- Global market bloodbath more to do with end of cheap funding Mail
- Volatility quants threaten USD170b selling spree Star
- Private equity flops leave institutional investors vulnerable to sell-off Star
Mergers and acquisitions
Projects and business
- Decision on NIISE said to be made soon Edge
- KWAP pledges RM20b to transition assets, emphasising ESG Edge NST Star
- West Coast highway 93% completed, costs RM6.87b up to Mar NST
- TNB to expand European RE assets Star
- AWC wins RM10m apartment job Star
- Singapore’s Sembcorp to invest USD528m in green energy drive Edge
- US awards SK Hynix USD450m for chips packaging facility Edge
- Nvidia’s next-gen AI chip rollout slowed by engineering snags Edge
Economy and market news
- Malaysia’s services PPI up 0.7% in 2Q Star
- Selangor eyes RM500b economic activities in 3-4 years NST
- Selangor International Business Summit attracts RM12.2b potential deals Edge
- Selangor’s semiconductor park offers salary on-par with Singapore Edge
- Malaysia sets up chip-design hub to boost semiconductor industry Star
- Selangor eyes another chip design park as Puchong site fully occupied Edge
- Carbon credits set to become increasingly important Star
- Singapore’s retail sales dip in Jun, reversing May’s growth Star
- Philippine CPI quickens in Jul, rate cut less likely Edge
- Japan’s real wages rise for first time in 27 months Star
- Australia central bank rules out near-term rate cut on inflation risks Star
- Goldman sees carbon market heading for historic tipping point Edge Star
- US Federal Reserve should cut rates swiftly, recession or not Star
- AI responsible for 10-35% revenue generation across all industries NST
- Employees more comfortable with generative AI NST
Legal and policies
- Guidelines on data centre power, water usage by 3Q Edge Star
- Confidence in private sector SDG efforts waning Edge
- Indonesia renews textile import duties to curb Chinese goods Edge
- Chinese firms stockpiling high-end Samsung chips before US curbs Edge
- US court rules that Google has an illegal monopoly on search Edge Mail
- SunPower in bankruptcy, sells USD45m assets via stalking horse bid Star
- Struggling Thames Water faces USD133m fine over sewage spills Edge
- Top UK lenders could be wound down in a crisis without bailouts Edge
