Capital markets news | Tue 17 Dec 2024
Equity
- TopVision closes up 3% on ACE Market debut Edge Star
- China steps up efforts to open up its capital market Star
- LG mulls USD15b IPO for Indian unit Edge
- Nasdaq tops NYSE in listings as IPO optimism grows Edge
- SEC approves crypto wallet maker Exodus NYSE American listing Coindesk
- South Africa’s Tyme raises USD250m at USD1.5b valuation Yahoo
- Fee structures that make financial advice accessible to investors Yahoo
Debt and money markets
- Bank Pembangunan’s AAA, P1 ratings affirmed RAM
- Bank of China upgraded to AAA RAM
- Sime Darby Property’s RM4.5b sukuk programme AA+ rating affirmed Star
- Mah Sing issues RM250m secured unrated sukuk Star
- Pengerang Energy Complex gets USD3.5b financing from ECAs Edge Star
- Fitch affirms Malaysia’s BBB+ rating NST Star
- IFC sees Singapore commitments staying at USD2b Edge
- Five Vietnam banks qualify for year-end credit expansion Star
- US finalises USD9.63b loan for Ford, SK On battery venture Edge
- Massive interest burden haunts EM’s USD29t debt pile Star
Digital assets
- Bitcoin hits USD105k on strategic reserve hopes NST Coindesk Yahoo Star
- Ripple to roll out RLUSD stablecoin on 17 Dec Coindesk
- Bitcoin traders target USD120k over Santa Claus rally Coindesk Cointelegraph
- BlackRock bitcoin ETF put options at USD30-35 price levels Coindesk
- Bitcoin mining economics continued to improve in Dec Coindesk
- Ethena rolls out stablecoin backed by BlackRock’s BUIDL token Coindesk
- MARA to be next bitcoin firm to join Nasdaq 100 Cointelegraph
- El Salvador grants Bitget license for bitcoin services Cointelegraph
- NYDFS approves bitlicense for Anchorage Digital subsidiary Cointelegraph
- Ethereum is primed for a breakout Yahoo
M&A and property
- Crest buys Puchong industrial property for new HQ Edge Star
- Pekat completes 60% acquisition of Apex Power Star
- MClean shareholders approved RM6.04m plastic business acquisition Star
- Temasek’s ST Telemedia had 70% in U Mobile via convertibles Edge
- Allianz withdraws USD1.7b for stake in Singapore insurer Edge Star
- Alibaba close to selling Intime to Youngor Fashion for USD1b Edge
- Capitaland buys corporate credit biz of Australia’s Wingate for USD127m NST
- Perpetual-KKR deal not best for shareholders after tax bill surge Yahoo
- UK clears Czech billionaire’s GBP3.57b Royal Mail acquisition Mail
Malaysian financial market news
- ECRL project reached 76% completion in Nov Edge
- Chinese inverter maker plans USD150m facility in Malaysia Edge Star
- Bursa launches used cooking oil futures with 42 contracts NST
- Capital market crosses RM4t mark in 2024 Star
- Public infrastructure spending to increase in 4Q Star
- Malaysia digital investment strategy attracts RM225b investments Star
- Palm oil product exports hit RM99.3b in 11M2024 NST Star
Asian financial market news
- Indonesia’s Nov exports up 9.1% Star
- One in four Indonesia firms involved in tax evasion Edge
- Private banks boost Hong Kong hiring to woo rich Chinese clients Edge Star
- China’s retail sales up 3.3% in Nov, industrial output up 5.4% Mail Star
- China’s Jan-Nov government land sales revenue falls 22.4% NST
- China new home prices fall 0.2% in Nov, lowest in 17 months Star
- BOJ weighs rate hike while seeing little urgency to act Star
Other financial market news
- US composite PMI up at 56.6 in Dec Edge Yahoo
- Trump, SoftBank CEO announce USD100b US investment Edge Yahoo
- Trump plans rollback of Biden’s EV, emissions policies Edge
- Trump plans to knock out insurer middlemen Yahoo
- Why CEOs are sucking up to Trump Yahoo
- Becton Dickinson to pay USD175m to settle SEC probe Yahoo
- Ozy Media founder sentenced to 10 years for fraud Yahoo
- UK property asking prices fall, headwinds remain for 2025 Star
- Germany is unravelling just when Europe needs it most Edge
- Denmark’s ATP writes down USD324m Northvolt stake Edge
- Open global trade is only way to feed the world Star
