Capital markets news | Fri 13 Sep 2024
Equity and property markets
- AAX gets Bursa’s nod for listing of shares Edge
- Foam products maker WTEC files for ACE Market IPO Edge
- Fund management industry passed RM1t benchmark in Feb Edge Star
- 4 investors withdraw from Green Packet’s RM19.15m placement Edge
- South Korea to end short-selling ban on all stocks in Mar Edge
- India considers new rules to curb risks as tiny IPOs boom Edge
- Bearish signals flash in risky parts of USD9.5t ETF market Edge
- BlackRock, Partners offer retail investors one-stop access Edge
- Apollo’s fundraising grows as it targets average savers in Asia Edge
- OpenAI fundraising set to vault startup’s valuation to USD150b Edge
Mergers and acquisitions
- Creador buys 40% of CCK’s Indonesian unit for RM163.1m Edge Star
- Taishin still wary of rival bid after raising Shin Kong offer Edge
- Couche-Tard discussing higher price for 7-Eleven owner Edge
- Mastercard buys threat intelligence firm Recorded Future for USD2.65b Edge
- Biden told to reconsider USD14b US Steel deal Star
Projects and business
- Ecobuilt bags RM190m construction project Edge Star
- Hibiscus plans RM1.76b capex, rules out equity fundraising Edge
- Fiamma, China’s Zhuhai Samyou build aircond factory in Malaysia Edge NST Star
- ITMAX gets 3rd parking system contract in Johor Edge NST Star
- Selection still open for KL-Singapore HSR technology provider Edge NST
- GM to buy Chinese batteries made in US by Japan’s TDK Edge
- Scotland’s only oil refinery to close next year, 400 jobs to go Edge
- StanChart’s M&A-debt markets combo team target cross-border deals Edge
Economy and market news
- 2Q sales disappoint as prices climb, sentiment weaken Edge Star
- NSS, GIS key to move Malaysia up value chain Star
- 140 AI solution providers in Malaysia generated RM1b revenue Edge NST
- Margin normalisation likely for building materials sector Star
- Higher NIM positive for smaller banks Star
- Invest Malaysia Hong Kong attracts 350 investors with USD3t AUM Star
- Global funds rush into Southeast Asian stocks as Fed pivot play Edge
- Chinese carmakers advised to keep key EV technology at home Edge
- Attempt to boost China demand stifled by wall of austerity Star
- Hawkish BOJ official wants rates to rise to 1% Star
- BOK sees growth, financial stability key to rate cuts Star
- Pension fund key to success of market reforms Star
- India’s palm oil imports plunge as buyers shift to soyoil Edge
- US producer prices rise slightly above expectations in Aug Star
- JPMorgan caps working hours, BofA monitors workloads Edge
- Trump presidency threatens US Fed independence Star
- Britain is struggling to attract skilled workers from abroad Edge
- Andurand sees potential in UK’s carbon price Star
- EU must do more to help ailing car industry Star
- With inflation slowing, ECB to cut rates again NST
- LNG market to remain tight well into 2028 Edge
Legal and policies
- RHB, Tokio Marine in stalemate over bancassurance agreement Edge
- KPMG resigns as Bina Darulaman’s auditor, BDO takes over Edge
- China detains investment bankers, takes passports over corruption Edge
- India probe finds Amazon, Flipkart breached antitrust laws Edge
- Australia threatens to fine social media over misinformation Edge Star
- eToro to shut down crypto trading in settlement with US SEC Edge
- US Treasury sets 15% minimum tax on most profitable companies Edge
- Trump’s plan to hike tariffs would spike shipping costs Edge
- Fast food chain BurgerFi files for Chapter 11 bankruptcy Edge
- Bank of England to revise rules on bank capital Edge NST
- Germany’s Scholz asks EU to delay deforestation law Edge
- Videogame firms hit with EU complaint over tricking consumers Edge
