Capital markets news | Mon 9 Sep 2024
Equity and property markets
- Pantech Global files for Main Market IPO Edge
- Mixed sentiment on EMS sector Star
- Putting money on the banks Star
- Hong Kong scraps all stock trading as typhoon nears Hainan Edge
- ByteDance raising USD600m for car app Dongchedi Edge
- Hedge fund Regal seeks USD1b for new Cayman Islands vehicle Edge
- Italian state railways will consider bringing in private investors NST
Debt and money markets
- SC cautions public on investment scams using fake info memo Edge NST Star
- Ringgit loans for data centres – boon or bane? Star
- Thai EV sales set to miss target as banks tighten auto loans Edge
- China changes lending strategy to Africa Mail
- MUFG to consider full-scale Japanese bond buying if yields hit 1.2% Edge
- US bank profits overcome drag by credit cards, office loans Edge
- Russia’s Sibur plans domestic bond issue to fund Amur gas complex Edge
Mergers and acquisitions
- Laws are important to curb anti-competitive mergers Star
- JHM buys Sungai Petani leasehold land with buildings for RM21m Edge
- MISC, Dutch company SBM agree to exchange FPSOs Edge Star
- OSK buys Universal Cable’s assets for RM85m Edge NST Star
- Guotai Junan, Haitong merger to create largest brokerage in China Star
- Japan’s Seven & i rejects Couche-Tard’s USD38.5b takeover offer Edge
- Qualcomm explores buying Intel chip design business Edge
- Intel exploring Mobileye stake selldown Edge
- US fears Nippon bid for US Steel could hit vital steel supplies Edge
- Growth capital firm Aurea completes acquisition of The Body Shop NST
- Germany agrees to rescue cruise ship builder Meyer Werft Edge
Projects and business
- Gamuda’s Ulu Padas hydro project approved by Sabah regulator Edge NST Star
- Gamuda halts work on Rasau water treatment plant project Edge NST
- No progress on TNB-Citaglobal-Masdar solar project in Pahang Edge
- Varia bags another Johor flood mitigation job worth RM335m Edge NST Star
- 2 consortiums vying for Ipoh railway station project Edge
- Petronas’ 2025 capex may decline due to greenfield project delays NST
- Johor Port registers record throughput of 102,324 TEUs in Aug Star
- Singapore to begin building mega airport terminal in 1H2025 Edge
- China fintech Ant launches AI life assistant app Mail
- Adani plans USD10b Indian chip plant with Israel’s Tower Edge
- Toyota cuts 2026 global EV output plans by 1/3 Edge NST
- BlackRock cuts risk across USD131b model portfolios Edge
- McDonald’s planning major expansion in Germany NST
- Stellantis to invest USD385m in Argentine plant Edge NST
Economy and market news
- BNM racks up biggest foreign reserves since Dec 2021 Edge Star
- Analysts expect BNM to keep OPR at 3% until year end NST Star
- A fund to face any KWAN-dary Star
- BRICS entry to diversify Malaysia’s economic diplomacy Star
- SMEs face shrinking margins despite economic recovery Mail NST
- Half of Malaysia’s ads expenditure goes to social media Edge
- Hartalega sees glove demand normalising by 2026 Edge NST Star
- Chip sector rebound may take longer than anticipated Star
- Advanced technology equipment cluster launched Mail
- Singapore approves 1.4GW green electricity import from Indonesia Edge
- China opens manufacturing, healthcare to foreign investment Edge
- Yuan rides its own course Star
- Japan gives USD2.4b to support domestic EV battery production NST
- India bans sugar export to boost domestic supply, ethanol production Mail
- Asia refining margins at lowest seasonal levels since 2020 NST
- Billionaire Paulson sees Fed cutting rates to 2.5% by end of 2025 Edge
- US labour market stays afloat as unemployment rate falls to 4.2% Mail Star
- Is Bretton Woods fit for the 21st century? Star
Legal and policies
- Gadang subsidiaries face RM9.77m claim for RTS Link work Edge
- Vietnam police investigating internet start-up VNG Edge
- US warns businesses in Hong Kong of heightened legal risks Edge
- US to propose bank capital rule revisions as soon as this month Edge
- Morgan Stanley fined USD2m over First Republic stock sales Edge
- UK’s antitrust regulator accuses Google of power abuse Edge NST
- Europe warned about Russian gas being secretly mixed into supply Edge
- German authorities reject 215k carbon credits in deepening scandal Edge
- Dutch government retakes export control over 2 ASML tools from US Edge
- Another dark fleet ship set to dock at Russian Arctic LNG plant Edge