Capital markets news | Thu 29 Aug 2024
Equity and property markets
Debt and money markets
- Alliance Bank, Alliance Islamic A1, P1 ratings affirmed, outlook positive RAM
- Capital A’s corporate guarantee for USD443m bond until sale to AAX Edge
- Boost Bank to offer SME loans in Oct Edge
- S&P assigns A- rating to Khazanah Capital’s US dollar notes Edge
- Surge in global demand for Indonesian bonds may extend Edge
- China’s credit market sees 1st floating rate bond since 2020 Edge
- Saudi PIF signs new USD15b revolver with 23 banks Edge
Mergers and acquisitions
- Axis REIT to acquire 2 industrial assets near Port Klang for RM159m Edge Star
- Pertama Digital eyes acquisition of tech firm in all-stock deal Edge
- IOI Properties turns down offer to buy Shenton House from CEO Edge NST
- Disney, Reliance win approval for USD8.5b India merger Edge
- Warren Buffett sells more BofA shares, reaping USD982m Edge Star
- Qatar said to be last bidder for Russia’s German Rosneft assets Edge
- CVC joins investor group backing Swedish property manager Odevo Edge
Projects and business
- SkyWorld to pay PR1MA RM32m for development rights in Brickfields Edge Star
- DNeX wins 1-year extension for National Single Window contract Edge Star
- CAAM cuts validity of Malaysia Airlines’ operator cert from 3 years to 1 Edge Star
- Maybank expects margins to improve, loan growth to slow Edge
- Citigroup sees more Asia dealmaking activity in coming quarters Edge
- Fortescue sets out to meet strong Chinese demand for green iron Edge
- Samsung, GM to build USD3.5b EV battery factory in US Edge
- Lego outperforms in European, North American toy markets Star
Economy and market news
- Malaysia’s producer price index up 1.3% in Jul Edge Mail NST Star
- Malaysia’s export prices down 0.6% in Jul Mail
- Ringgit strengthens as foreign investors pour RM1.2b into markets Mail
- Malaysian banks to spend more on tech amid heightened scrutiny Edge
- BNM demands tailored insurance solutions for Malaysians Mail
- 1/3 of Singapore’s youth face work discrimination Star
- Japanese, Mideast firms turn to Southeast Asia Edge
- China’s steel slump set to worsen as heavyweights flag concerns Edge
- China’s energy investments to increase 25% Star
- Cybercrime, sabotage cost German firms USD300b in past year Edge
- Global employment trends among youth Edge
Legal and policies
- Govt needs more data before setting subsidised diesel quotas NST
- Swiss court convicts Petrosaudi execs over USD1.8b 1MDB scandal Edge Mail
- Govt weighs GST to boost finances Edge
- MACC arrests Datuk over false documents for RM500k financing Edge
- Company directors may not leave country due to EPF arrears Edge Mail NST
- Indian solar panels face US scrutiny over China forced labour Edge
