Capital markets news | Wed 21 Aug 2024
Equity and property markets
Debt and money markets
- TSH’s AA- rating affirmed MARC
- China’s GDS mulls RM10b loans for Malaysia data centre expansion Edge
- Singapore introduces lower home loan cap to cool HDB resale market Star
- China weighs letting local governments issue bonds to buy homes Edge
- Property developer Kaisa, bondholders agree to restructure offshore debt Edge
- Alternative lodging firm Sonder gets USD83m line from existing lenders Star
- Global bond traders getting too complacent on inflation risk Star
Mergers and acquisitions
- South Malaysia Industries gets takeover offer at 45 sen Edge NST Star
- Qatar Airways acquires 25% of South Africa’s Airlink Edge
- J&J buys medical device maker V-Wave for USD1.1b Edge
- Media veteran Bronfman submits USD4.3b rival bid for Paramount Global Edge
- Alaska-Hawaiian Airlines merger clears US DOJ review Edge NST
- HSBC explores sale of South African units to focus on Asia Edge
Projects and business
- MCE gets RM52.13m Proton component supply contracts Edge Star
- Petronas, Adnoc, Storegga to develop CCS hub in Malaysia Edge NST Star
- Uzma, Taiwan’s Terawatt to develop battery, RE projects Edge
- Jati Tinggi secures RM41m cable laying contract Star
- Steel Hawk gets scaffolding services contract from PetChem Star
- Willowglen gets RM42.8m Singapore Education Ministry contract Edge Star
- Nevada complaint could threaten Genting’s New York licences bid Edge NST
- Thailand’s PTT seeks partners for petrochemical, refining units Edge
- Ant Group to hike capital outlay for AI Star
- PwC loses major client Bank of China amid regulatory probe Edge
- Saudi PIF eyes Boeing, Airbus jets for new cargo airline Edge
- Amazon’s AI spending plans suppresses profitability Edge
- UK grants permission for London City Airport expansion after appeal Edge
- TSMC breaks ground on EUR10b chip plant in Germany Edge
- Ghana’s USD12b petroleum hub breaks ground Mail
Economy and market news
- Exports set for further growth in 2H Star
- Seda allocates 190MW feed-in-tariff quota for non-solar RE via e-bidding Edge
- Charges for electricity grid 3rd-party access under CRESS not finalised NST
- RM291b investments realised for Iskandar Malaysia Edge Mail Star
- NCER records RM31.4b investments in Penang in 1H NST Star
- China’s private sector receives massive policy boost Star
- China leaves loan prime rates unchanged as expected NST
- China, US enhance links to boost financial stability Star
- Funds go long yen for 1st time in 4 years as carry trade unwinds Star
- Seoul’s poor domestic demand won’t cure itself Star
- New Zealand accuses Australian-owned banks of oligopoly Edge Star
- Kamala Harris proposes raising corporate tax rate to 28% Edge
- US economy remains resilient as pressures gradually subside Star
- Switzerland is getting squeezed between China and the US Edge
Legal and policies
- Sentoria’s ex-CEO repudiated contract by failing to report for duty Edge
- TNB hit with additional RM1.39b tax bill, planning appeal Edge NST Star
- Magma’s 75%-subsidiary sued over alleged breach of agreement Edge
- US firms warn against unprecedented Hong Kong cyber rules Edge
- India’s antitrust body warns Disney-Reliance merger will hurt rivals Edge
- Indian family offices not allowed to set up funds for overseas investment Edge
- Tesla to get lower EU tariff on its Chinese-made EVs Edge Mail NST
