Capital markets news | Thu 5 Sep 2024
Equity and property markets
- 4 Malaysian companies to list in US in next 2 years NST Star
- Japan’s USD1.75t pension fund may buy more local stocks Edge Star
- Nvidia joins USD100m funding for year-old Japan AI start-up Edge
- Saudi Arabia aims to establish 525 fintech companies by 2030 NST
- Manic markets drive ETF inflows to USD609b Star
Debt and money markets
- Berapit Mobility’s sustainable finance framework assigned Gold MARC
- Berapit Mobility’s RM1.5b sukuk programme assigned AA rating MARC
- Petronas approves RM1.9b for vendor financing programme Edge
- RHB, BNP launch sustainable use-of-proceeds cross-currency repo Edge NST Star
- Unity Group’s Malaysian unit gets RM50m loan for energy efficiency projects NST
- iFast launches cross-currency transfer to international banks, e-wallets Edge
- China could cut mortgage rates in 2 steps to shield banks Edge
- Foreign investors snap up USD1b Korean bonds in 1 day Edge
- Veteran Indian fixed-income fund manager maxes out duration Star
- Aussie sovereign wealth fund eyes distressed debt investments Star
- US Treasury clearing to increase trading costs Edge
- US corporate borrowers rush to bond market post-Labor Day Edge
- Banks launch USD2.05b loans for Instructure buyout Edge
- Raising Cane’s kicks off USD500m loan sale to repay debt Edge
- Subway eyes USD2.3b asset-backed debt sale Edge
- Bond rally turns dangerous to chase with bets on big rate cuts Edge
- Global borrowing blitz led by blue chips selling USD43b Edge Star
- Petrobras taps global markets for USD1b bond sale Star
Mergers and acquisitions
- IHH buys Island Hospital for RM3.92b Edge Mail NST Star
- Controversy erupts over FashionValet fire sale to NXBT NST
- Blackstone buys Australia’s AirTrunk in AUD24b deal Edge
- KKR to speed up USD4b Fuji Soft offer to thwart Bain Edge
- US Steel warns Nippon deal failure risks thousands of jobs Edge
- US Steel management, board members will mostly be US citizens Edge NST
- Sixth Street buys TPG partners’ stake at USD10b value Edge
- Germany targets 5% sale in Commerzbank as 1st step to exit Edge
Projects and business
- Jentayu’s 162MW Sabah hydropower project approved Edge Star
- Central Global bags RM616.4m Pan Borneo highway job in Sabah Edge NST Star
- Northport hits record, handled 365,558 TEUs in Aug Edge NST Star
- CapitaLand to more than double funds under management in India Edge
- GoTo exits tough Vietnam market to focus on reaching profit Edge
- China’s services PMI slipped to 51.6 in Aug Star
- China Merchants Fund Management asks staff to return excess pay Edge
- Indian luxury homebuilder to expand into data centres on AI boom Edge
- ComfortDelGro wins 3 Australian bus franchises worth SGD1.4b Edge
- Intel’s manufacturing suffers setback as Broadcom tests disappoint Edge
- Offshore wind project in the US runs into supply chain issues Star
- LME planning measures to boost trading in monthly contracts Edge
- Volvo Cars abandons 2030 EV-only target Edge
- Sweden’s Telia to cut 3k jobs in cost-saving drive NST Star
Economy and market news
- Malaysia’s Jul trade surplus shrinks to 4-year low of RM6.42b Edge
- Services, manufacturing drive bulk of RM160b investments in 1H Mail Star
- Domestic banks reported better showing in 2Q RAM Mail NST
- CPO futures slide amid rising stockpile, soy oil weakness Edge
- Asean manufacturers report 8th straight month of improvement Star
- Southeast Asia super rich worry more about succession disputes Star
- India targets Malaysia as launchpad for Southeast Asia growth Mail
- China’s consumer confidence index dips to 86 in Jul Mail
- Iron ore slides closer to USD90 with China’s steel demand at risk Edge
- Australia economy stuck in slow lane, household spending drags NST Star
- US trade deficit widens in Jul to USD78.8b on imports Star
- US port workers meet on wages, issue fresh strike threat Edge
- San Francisco Fed study predicts decline in US housing cost inflation Star
- Climate risks too big for insurers feed market boom for captive insurance Star
- Chile restarts rate cuts amid dovish tone on economic outlook Star
- Ultra-rich families set to control USD9.5t by 2030 Edge
