Capital markets news | Thu 26 Sep 2024
Debt and money markets
- Meituan issues USD2.5b bonds in China’s 1st tech debt deal of 2024 Edge
- Nomura faces fine for Japanese bond market manipulation Edge
- Moody’s downgrades Alaska Air to junk on plan to borrow more Edge
- Prospect’s private debt fund on cusp of junk after outlook cuts Edge
- Fed’s rate cut revives inflation concerns in US bond market NST
- Call for bond investors to update climate models Star
Mergers and acquisitions
- AirAsia X issues shareholders’ circular on RM6.8b acquisition Edge Star
- Asia Poly buys 35% stake in recycling firm for RM7.5m Edge
- Farlim sells Perak land for RM33m Edge Star
- Cabnet sells land for RM2.55m Star
- Yong Tai needs 6 more months for RM160m Melaka hotel sale NST
- KKR, GIC hire banks to sell USD3.2b Metro Pacific Health Star
- China unveils new measures to boost M&A, restructuring Edge
- Prosus exits Trip.com with 14.5m share sale for USD743m Edge
- DBS moving to raise China securities JV stake to 91% Edge
- UK’s Rightmove rejects GBP6.1b takeover offer from REA Edge
- UniCredit will abort if conditions for Commerzbank deal not right Edge
- ECB governors support UniCredit-Commerzbank deal in principle Edge
Projects and business
- Reservoir Link bags 3-year well leak service job from Hibiscus Edge Star
- Keyfield clinches RM130m work orders from Petronas Carigali Edge NST Star
- KJTS inks 20-year retrofit, O&M services agreement in Thailand Edge Star
- Maxis likely to lead second 5G network Edge Star
- MMC invests RM2b to expand North Butterworth Container Terminal NST
- Jokowi secures 1st foreign investor for troubled new capital Edge
- Uber, China’s WeRide to launch robotaxis in UAE Edge
- Etihad retrofits old Boeing jets amid plane delays Edge
- US fintech firm Clear Street seeks LME membership Edge
- Volkswagen workers threaten strikes to fight plant closures Edge
Economy and market news
- Accumulated fixed asset investment up 3% to RM5.6t in 2023 Star
- AirAsia expects airline supply chain bottleneck resolved in 2024 Edge
- Minimum wage may rise to RM2,000 in budget Star
- Budget 2025 may see higher allocation for transport infrastructure Edge
- Insurance, pension drive growth in financial assets per capita Star
- Thai auto sector reels from falling orders, soaring household debt Edge
- Jakarta far short of 2025 renewable energy target Star
- Vietnam President met top US companies in New York Edge
- ADB cuts Southeast Asia 2024 growth forecast NST
- PBOC cut medium-term lending facility rate by 0.3% to 2% Edge Star
- Cash-rich Middle Eastern firms drive record investment into China Edge
- Australia inflation slows to 3-year low of 2.7% in Aug Star
- ADB ups 2024 economic growth forecast for developing Asia, Pacific Star
- Debt-laden US shoppers use BNPL for holiday spending Edge
- OpenAI pitches data centre buildout to White House Edge
- ECB’s Knot sees gradual rate cuts in 1H2025 Star
- Shippers scramble for workarounds ahead of US port strike Edge
- AI market will surge to near USD1t by 2027 Edge
Legal and policies
- NETR to phase down, not phase out, fossil fuels Edge Star
- Capital A can exit PN17 before branding business carve-out Edge
- Sreesanthan’s RM1m insider trading penalty appeal on 11 Oct Edge
- Liquidators appointed to wind up Ivory Properties’ subsidiary Edge
- Singapore’s AGC to decide on Ong Beng Seng soon Edge
- China urges US to stop unreasonable suppression of its firms Edge
- US investigating SAP, Carahsoft for potential price-fixing Edge
- Google complains to EU over Microsoft cloud practices Edge
