Capital markets news | Wed 25 Sep 2024
Equity and property markets
- Eonmetall plans RM8.64m placement for working capital Edge
- Malaysia’s equity market, IPOs hit new highs in 2024 Mail
- Digistar to raise RM9m via private placement for pay-TV business Edge
- Shah Alam plastic maker WF files for USD10m Nasdaq IPO Edge NST Star
- China mulls stock stability fund, unlocks USD113b from PBOC Edge
- Bain-backed chipmaker Kioxia scraps Oct IPO Edge
- Korea Exchange’s new stock index to counter low valuations Edge Star
- Macquarie to acquire stake in DE Shaw Renewable Investments Edge
- Customer support startup Ujet gets USD76m in funding Edge
- Brookfield raised USD2.4b for emerging markets transition fund Edge
- HSBC launches fund lending to private equity firms with EUR1b target Edge
- Landlord SBB plans housing unit IPO as property market thaws Edge
Debt and money markets
- US rate cuts to buoy foreign demand for Malaysian bonds RAM
- Edotco Malaysia’s AA+ rating affirmed MARC
- TNB launched transition finance framework for sustainable projects Edge
- Exim Bank to give RM1.5b sustainable financing by 2027 Star
- Indonesia to launch central counterparty clearing house next week Edge
- Saudi Aramco to raise USD3b in 2-tranche sukuk Edge NST
- US debt dynamics inconsistent with AAA rating Edge
- US companies raising billions in debt markets after rate cut Edge
- Fed paper sketches out slow slog to unload mortgage bonds NST
- B. Riley bankers put brakes on loans Star
- Private credit faces worst reckoning since 2008 Edge
- World Bank’s IFC investments hit record USD56b in FY2024 Edge
Mergers and acquisitions
- Harn Len sells Johor land for RM55m Edge Star
- Magma buys Kuala Lumpur land for RM80m Edge NST Star
- Hong Leong Bank not rushing to sell Bank of Chengdu stake Edge
- Credit Agricole in talks to invest in Guangzhou auto unit Edge
- BlackRock not investing more in China’s real estate Edge
- FTC to approve USD53b Chevron-Hess merger Edge Star
- Nippon Steel asks United Steelworkers union to discuss Edge NST
- Commerzbank not receptive of UniCredit takeover Edge
- Italy annoyed at criticism of Commerzbank takeover by UniCredit Edge
- France’s CMA CGM to buy 48% of Brazil ports operator for USD2b Star
Projects and business
- Pesona Metro clinches RM321m condo job in KL Edge Star
- Penang Port upgrades Swettenham Pier into cruise hub Edge NST
- Red Sea crisis to slow Penang Port’s cargo growth in 2024 NST
- Yinson’s 97MW Matarani solar plant in Peru operational Edge Star
- Geely plans to build cars in Vietnam in USD170m investment Edge
- Samsung defends Indian wages as strike at plant enters 3rd week Edge
- US finalises 1st binding Chips award with Polar Semiconductor Edge
- Fintech company Revolut spins off EUR8.5b wealth management app Star
- Man United stadium revival could add GBP7.3b to British economy Mail
- Dulux maker AkzoNobel plans to cut 2,000 jobs globally Edge NST Star
Economy and market news
- Affin upbeat on Malaysian economy NST
- Economic performance driven by real imports of semiconductors Star
- Malaysia, GCC to sign free trade agreement NST
- Investment outlook remains bright in 2H Star
- Inflation likely to stay low Star
- Asean data centre market can reach USD11b by 2028 Star
- Vietnam, US firms sign MOUs on energy, AI, data centre NST
- Odds of Oct Philippines easing rise after US rate cut Star
- China unveils broad stimulus measures to revive economy Mail NST Star
- China’s shift toward new engines of growth underway Star
- China needs mortgage cuts to restore confidence Star
- China mining firms partner with Zimbabwe on lithium mine Edge
- Australia’s central bank keeps rates on hold Star
- Fed’s rate cut offers limited relief for US factories Edge
- Asia-Pacific aircraft services market to hit USD129b by 2043 Edge NST
- UK businesses blur on govt economic plans Star
- German business confidence dips in latest recession warning Edge
- Iron ore spikes as China takes measures to help economy Edge
- More than 4m robots are working in factories worldwide Edge
- Central banks to remain cautious despite US rate relief Star
Legal and policies
- Cops seeking 7 individuals over Pantheon investment scam Edge
- Compliance with sustainability reporting framework in 2025 Edge Mail NST Star
- Winding-up petition by S-Form against Ecobuilt set aside Edge
- IATA urges govt to introduce incentives to support SAF Star
- Safe harbour rules enhance transfer pricing regulations Star
- New office to streamline Singapore SME approval processes Star
- China probes Calvin Klein parent over suspected Xinjiang boycott Edge
- US DOJ to sue Visa over debit card market monopoly Edge
- Deutsche Boerse, Nasdaq targeted in EU antitrust probe Edge
