Capital markets news | Mon 28 Oct 2024
Equity and property markets
- 3REN’s IPO oversubscribed 84 times Edge NST Star
- IPO fortunes reverse from ACE Market to Main Market Star
- KWAP invests RM219m in Singapore’s Cyan Renewables Edge NST Star
- Data centres are 7-year theme for capital market investment Star
- China’s self-driving firm WeRide gets USD4.2b valuation in US IPO Edge
- Korea to indict BNP Paribas for illegal short-selling Edge
- Netflix’s cooking show judge to gain RM781m from restaurant IPO Mail
- Carlyle-backed Rigaku to debut as Japan’s IPO rush gains pace Edge
- Top India bourse IPO hinges on approval from regulator Edge
- Indian food deliverer Swiggy cuts IPO valuation to USD11.3b Edge
- Aramco’s venture arm allocates USD100m for AI investments Edge
- Trump trade is here Star
Debt and money markets
- Sarawak Energy’s AAA sukuk rating affirmed RAM
- BNM to provide RM2.6b financing to upgrade industries’ tech infrastructure Edge
- Record defaults hit USD800b Chinese municipal debt market Edge
- Catastrophe-bond funds suffered virtually no losses from Hurricane Milton Edge
- US leveraged loan sales hit record USD986b in repricing run Edge
- Thames Water seeks GBP3b from creditors on urgent cash needs Edge
- Accrual-based accounting is solution for public debt Star
Digital assets market
- N/A
Mergers and acquisitions
Malaysian projects and business
- Tenaga conducting study on Sarawak-Peninsula power line Edge
- Gamuda JV wins RM3.05b Sabah hydro plant contract Edge NST Star
- Sarawak Metro awards RM122m contract for hydrogen buses Edge Star
- Petronas launches integrated well continuity services contract Edge NST Star
- BASF Petronas doubles Kuantan plant capacity Edge NST Star
- Cabnet gets RM22.5m mechanical-electrical installation subcontract Edge Star
- Padini announces retail revamp for Malaysia, Thailand Edge
- Uzma wins 3-year drilling cementing contract in the Philippines Edge NST Star
- MyEG, Philippine home financier to integrate online payments Edge NST
Malaysian economy and market news
- Diversification of economy important to face global challenges Edge Mail
- Carbon tax, employee policies to drive up iron and steel costs Edge
- US keen on advancing sustainable aviation fuels with Malaysia Mail
- US-Malaysia economic partnership created 312k new jobs Mail
- Factors driving Malaysia’s palm oil price surge Mail
- Adopt fair market price NST
- Industrial property boom comes to Malaysia Star
- Malaysia’s leading index rises 4% in Aug to 114.3 points Star
Foreign projects and business
- BeiDou gets RM8.94b in commitments for rival GPS system Mail
- TSMC suspends shipments to Chinese firm after Huawei issue Edge Mail NST
- TSMC faces severe challenges as free trade falters Edge
- HSBC joins China’s payment system as nation pushes for yuan usage Edge
- Mercedes reports over 50% profit drop as sales slide in China Mail
- Huawei grows 42% as Apple loses ground in China’s smartphone market Mail
- Google to preview AI that takes over PCs Edge
- Intel to invest USD28b to build 2 chip factories in Ohio Edge
- TSMC’s Arizona chip production yields surpass Taiwan’s Edge
Foreign economy and market news
- Singapore factory output up 9.8% Star
- Indonesia bans iPhone 16 sales Mail
- Indonesia aims to be EV hub with RM4.8b factory Mail
- Prabowo govt inherits a troubled economy Star
- Vietnam looks to revive plans for nuclear power Star
- China’s demand for copper will peak around 2030 Edge
- China’s industrial profits down 27.1% in Sep Mail
- Consumer confidence seen as driver for China’s growth Star
- PBOC conducts medium-term loan operation, rate unchanged Star
- Core inflation in Tokyo at 1.8% in Oct, below BOJ’s 2% target Star
- Reeves confirms new UK fiscal rules amid investor tax worries Edge Star
- Europe’s return to zero rates a possibility Star
Legal and policies
- ACE Market-bound OB Holdings in breach of contract, IP legal dispute Edge
- Miti establishes pro tem committee on Matrade-HDC merger Edge
- Court dismisses LAD claims by applying Ang Ming Lee prospectively Edge
- IRB implements tax compliance certificate for govt procurement NST
- Sapura Energy’s debt restructuring protected by South Africa’s high court NST
- Singapore FIs, telcos to be accountable to scam victims Star
- Delta sues CrowdStrike for RM2.2b over Jul flight outage Mail
- Brazil fines meat packers RM277.8m for buying cattle from deforested land Mail
- BHP, Vale agree to RM130.2b payout for 2015 Brazil dam collapse Mail
- UK banks facing billions more in payouts after auto loan ruling Edge
