Capital markets news | Thu 19 Sep 2024
Equity and property markets
- WCT to list RM2.44b retail properties via Paradigm REIT Edge Star
- Imaging company Crest to raise RM82m in ACE Market IPO Edge NST Star
- Indian traders shy away from Modi stocks in shift to defensives Star
- Wealthy families getting more bullish on risk assets Edge
- BlackRock, Microsoft to raise USD30b for AI investments Edge NST
- SEC poised to vote on overhaul of stock pricing, exchange fees Edge
- Equities end lower in choppy trade after Fed rate cut Star
Debt and money markets
- CIMB Thai’s AA2 financial institution rating affirmed RAM
- Al Dzahab Assets fully redeems Tranche 4 sukuk RAM
- Tanjung Bin Energy’s RM4.5b sukuk AA3 rating affirmed RAM
- PLNG2’s AAA rating affirmed MARC
- AmBank gives RM500m working capital facility to Eastern Steel NST
- Investors still buying US junk debt with weak protections Edge
- Citigroup keeps focus on fossil-fuel deals Star
Mergers and acquisitions
- SCIB buys Bintulu land for RM9.23m to undertake housing project Edge Star
- Capital A, AAX to hold EGM after Bursa clearance Edge NST Star
- Barakah Offshore received offer for pipe-laying barge Edge NST
- YBS to buy precision manufacturing companies for RM167m Edge Star
- 2 Australian pensions plan merger to create USD41b fund Edge
- US to decide on Nippon-US Steel merger after Nov election Edge NST
- US store operator Arko mulls USD2b sale of 1,500 convenience stores Star
- Commerzbank ready to talk with UniCredit but remains defensive Edge
Projects and business
- Press Metal to set up RM3.2b Indonesia alumina refinery plant Edge NST Star
- Kimlun bags RM128m job for Johor Bahru residential development Edge NST Star
- TSR gets RM75m contract for construction work in Gombak Edge NST Star
- Pekat wins RM115m EPCC job for 30MW solar farm in Perak Edge NST Star
- Haily bags RM76m housing construction contract from Mah Sing Edge NST Star
- Solar District Cooling bags RM8.13m contracts from Mitrajaya Star
- Securemetric bags RM14.38m contract in the Philippines Star
- Airbus eyes green aviation growth in Malaysia Mail Star
- Intel committed to expanding in Malaysia despite start-up delays NST
- Packaging company G-Cove to invest USD25m on Malaysian factory Star
- Capital A, Indonesia’s Garuda in landing gear MRO JV NST Star
- US lobbies Vietnam against China subsea cable companies Edge Star
- VW, China’s SAIC to close car plant as sales shrink Edge
Economy and market news
- Malaysia’s economic momentum to continue into 2025 RAM
- Islamic banks to gain from better LCR Star
- Suppliers keen to collaborate with Chinese EV supply chain Edge
- CPO prices to remain stable between RM3,850 and RM4,050 NST
- Malaysia’s fiscal deficit to be lower at 3.5% NST
- Possible tax measures to strengthen fiscal position Star
- Indonesia pushes for more green industrial zones Star
- China’s weak steel, strong iron ore imports shaped by prices Star
- Dalio sees real issues in China, keeps small exposure Edge
- EV batteries with nickel get boost in China Star
- Japan’s export growth slows sharply as machinery orders shrink Star
- Australia to focus on wholesale digital currency Star
- US Federal Reserve, Hong Kong central bank cut rates by 0.5% Star
- Wall Street focuses on profit before net zero Edge
- US ships record volumes of thermal coal to Africa Star
- UK inflation holds at 2.2% in Aug Star
Legal and policies
- Disney’s India unit seeks USD940m in damages from Zee Edge
- Chevron CEO attacks Biden LNG export pause on costs, carbon Star
- Bankrupt trucker Yellow loses ruling over USD6.5b in pension debts Edge
- Google urges tribunal to reject GBP7b UK search lawsuit Edge
- Google wins fight over EUR1.5b fine for ads abuse Edge
- EU court confirms Qualcomm’s antitrust fine, with minor reduction Edge
- EU think-tank proposes 2-year deforestation regulation roll-out Edge
