Capital markets news | Thu 17 Oct 2024
Equity and property markets
- Infoline Tec, Pappajack secure SC nod for Main Market transfer Edge
- Global fund managers pare India allocation in favour of China Edge
- Intel-backed Horizon Robotics to raise USD696m in Hong Kong IPO Edge
- QIA joins USD50m funding round for Group One Edge
- Holcim mulls dual listing of USD30b US business Edge
- Thames needs 5.7% equity returns to attract fresh capital Edge Star
- Shein adding more banks to arrange GBP50b London listing Edge Star
Debt and money markets
- Celcom Networks’ AAA rating affirmed MARC
- Bank Muamalat’s A+, MARC-1 financial institution ratings affirmed MARC
- Stanchart, Sunway sign USD110m sustainability financing Edge Star
- Glomac readies RM3b sukuk war chest for new opportunities Edge
- SME Bank unveils 5-year halal roadmap with RM2.41b funding NST
- India’s Adani Green calls off planned dollar bond sale Star
- JPMorgan sold USD8b of corporate bonds after earnings Edge Star
- S&P keeps Chile’s A rating, raises outlook to stable Star
- World Bank faces challenges in raising funds for poor nations Star
- ESG’s appeal fades in emerging market bonds Star
Mergers and acquisitions
- Crescendo buys SGR, assume land purchase in RM169m deal Edge
- AAX shareholders approve RM6.8b aviation acquisition Edge Mail NST Star
- Singapore lawmakers amend law to block Allianz-Income deal Edge Star
- KKR to sell Singapore’s Goodpack at USD1.8b value Star
- Qualcomm to wait for US election before deciding on buying Intel Edge
- French bank Credit Agricole buys 50% of GAC’s leasing unit Edge
Projects and business
- Aizo, NetRunner sign MOU for data centre hub in Sarawak Edge NST
- Radiant gets RM25m hardware technical refresh contract Edge Star
- Econpile gets RM35m piling contract for KL apartment project Edge Star
- LFE gets RM38.8m data centre subcontract from Gamuda Edge NST Star
- Fajarbaru gets RM246.09m contract for JB apartment project Edge Star
- Automaker Stellantis selects Malaysia to debut electric Leapmotor Star
- Morgan Stanley’s profit beats estimates on investment banking windfall Edge Star
- New York Times accuses AI firm Perplexity of stealing content Mail
- Airbus to cut up to 2,500 jobs in defence and space Edge Mail
- Stellantis shipments drop 20% as CEO trims inventories Edge
Foreign economy and market news
- Singapore SMEs continue to expand in 3Q Star
- Bank of Thailand makes surprise 1-day repo rate 0.25% cut Edge
- Indonesia’s central bank holds rates due to global uncertainties Edge
- The big impact of Indonesia’s green transition Star
- China aluminium output up 3% in 4Q amid ample power supply Star
- China’s rapid electrification is catching out oil producers Star
- China’s luxury slump sends brands LV, CD down 5% in 3Q Edge
- Foreign company conducted illegal mapping services in China Edge
- China’s private sector slashed over 314k jobs in 2023 Mail
- Chinese finance professionals switch careers as prospects dim Star
- China’s stimulus package may prove different this time Star
- New Zealand inflation slows to 2.2%, lowest since early 2021 Star
- Fed’s Bostic says US employment and expansion to stay robust Star
- Defiant Trump defends his economic agenda Star
- IMF warns UK risking market backlash if national debt unchecked Star
- UK inflation drops sharply to 1.7% in Sep Star
- ASML CEO sees slow chip recovery extending into 2025 Edge NST Star
- Mexico’s president unveils USD20b in projects Edge
- Study says global banks’, funds’ investments threaten rainforests Edge
- Global goal to end extreme poverty by 2030 now impossible Mail
