Capital markets news | Fri 6 Sep 2024
Equity and property markets
- Steel Hawk ends maiden trading day with 130% gain Edge NST Star
- Midea could take orders next week for USD4b Hong Kong listing Edge Star
- Samsonite picks JPMorgan, Morgan Stanley for dual listing in US Edge
- JPMorgan abandons recommendation to buy China stocks Edge
- Emerging market stock funds becoming more country-specific Star
- CBOE starts platform for traders seeking to tap private markets Edge
- Biotech IPOs ready to rebound after rough stretch Star
- Fortive to spin off test unit in USD25b break-up Star
- UK tax changes could drive wealthy executives overseas Edge
Debt and money markets
- Cagamas’ MTN, sukuk programmes assigned preliminary AAA ratings MARC
- Yondr seeks USD500m loan to build data centres in Johor Edge Star
- Malaysian bonds luring unhedged bets supercharge ringgit rally Edge Star
- Fosun International gets refinancing loan for Hong Kong project Edge
- China offers Africa USD51b in fresh funding, promises a million jobs Mail NST Star
- Adani plans USD1.5b bonds issuance Edge
- Thames Water creditors set to draft own plan to rescue firm Edge
Mergers and acquisitions
- Seven & i asks Couche-Tard to reconsider low offer Edge
- Adnoc buys 35% of Exxon’s hydrogen plant in Texas Star
- Verizon to buy rival Frontier Communications in USD20b deal Edge
- Biden close to blocking Nippon Steel deal to buy US Steel Edge Mail
- Nordstrom family bids to take chain private Star
- UK’s ASOS to sell Topshop and Topman in GBP180m deal Edge
Projects and business
- Inta Bina secures RM96.55m construction job Edge NST
- Binastra gets RM283m Kuala Lumpur apartment contract Edge NST Star
- Systech teams up with Pinetop to develop data centres Edge Star
- Intel says no changes announced to its expansion plans in Malaysia Edge
- Tencent to expand palm verification technology to global markets Edge
- Mercedes-Benz to boost investment in China NST
- Australia approves TPG-Optus network sharing deal Edge NST
- BMW plans to market hydrogen fuel cell car from 2028 Edge
Economy and market news
- BNM keeps OPR at 3% as widely expected Edge Mail NST Star
- LNG buyers, oil majors worried about Sarawak’s gas supply control Edge
- Number of MSMEs dipped in 2023 as businesses scaled up Edge
- SC’s platforms raised RM1.24b for Shariah-compliant projects NST Star
- Govt moves to restart EU trade talks Mail
- Singapore to import more low-carbon power from Indonesia Star
- Chinese lithium producers embrace hedging to manage volatility Edge
- BOJ policymaker signals increased rate hikes Star
- India inks chip deal with Singapore as Modi pushes tech ambition Edge Star
- IMF warns Saudi oil revenue to fall more sharply this decade Edge
- US companies see weaker job growth Star
