Capital markets news | Thu 22 Aug 2024

Equity and property markets

  • ACE Market-bound Crest inks underwriting agreement with MIDF Edge Star
  • Hong Kong bourse logs 1st profit in 3 quarters, IPOs pick up Edge Star
  • SK Group backs fund to bring South Korean chip firms to China Edge
  • Copper giant Codelco invests in EVs, cacti as part of green makeover Edge

Debt and money markets

  • EKVE’s sukuk AAA(bg) rating affirmed RAM
  • Glomac lodges RM3b sukuk programme with SC Edge
  • Bond funds pile into swath of Asia’s emerging markets Edge
  • Carlyle’s credit unit aims to end its long run as a laggard Edge
  • BNP, CIBC to lead financing of major German hydrogen project Edge
  • Tether to launch stablecoin pegged to UAE’s dirham Edge

Mergers and acquisitions

  • Bitcoin miner Bitfarms buys Stronghold for USD125m Edge
  • Walmart sells USD3.74b JD.com stake, focus on own China operations Edge

Projects and business

  • Tuju Setia bags RM248m Sime Darby Property construction job Edge Star
  • TNB mulls 2 large hydro projects in Kelantan, Pahang Edge
  • TNB’s Nenggiri hydro to have 1GW floating solar capacity Edge NST
  • Powerwell bags RM14.75m switchboard contract for data centre Edge NST Star
  • Korea’s GG56 invests USD1b on K-culture town in Forest City Edge Mail Star
  • Petronas starts gas output at Sarawak’s Kasawari field Edge
  • SD Guthrie, TH Properties mull RM220m industrial park development Edge
  • Chinese rice cracker maker Want Want mulls Malaysia investment Edge
  • Ford pulls back from EVs with USD1.9b SUV pivot Edge
  • Warner Bros ties USD8.5b Vegas production plan to tax deal Edge

Economy and market news

  • Global monetary policy easing will support ringgit performance Star
  • More fiscal reform needed to maintain economic strength Star
  • Malaysia benefiting from global trade diversion Edge
  • Malaysia to rely on conventional power as data centres sprout up Edge
  • How Malaysia stacks up against peers in data centre development Edge
  • 7 states surpass national manufacturing capacity utilisation rate Edge
  • US-China trade tension threatens solar boom in Malaysia Edge Mail
  • BMI raises 2024 CPO price forecast amid market volatility Edge
  • SD Guthrie expects CPO prices to remain firm this year Star
  • Indonesia central bank keeps rates steady Star
  • Thai central bank holds key rate at 2.50% Star
  • China has cut new coal power plant permits by nearly 80% Mail Star
  • Japan sees record visitors for 2nd straight month on weak yen Mail
  • Australia approves USD13.5b project to export solar power to Singapore Edge Mail
  • Mexico could boost GDP by USD391b if most women worked Mail

Legal and policies

  • Harveston fined RM46k by FIMM for misconduct Edge
  • China’s SAIC to take further measures after EU findings on subsidies Edge
  • China auto body warns EU tariffs for EVs bring enormous risks Edge Mail NST
  • India minister accuses Amazon, e-commerce firms of predatory pricing Edge
  • UK watchdog shuts down probe into Apple and Google app stores Edge

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