Capital markets news | Thu 19 Dec 2024
Equity
- Carlo Rino down 17.4% in ACE Market debut Edge NST Star
- Northern Solar prices ACE Market IPO at 63 sen Edge NST Star
- Supermax proposes 1-for-5 bonus issue with 1-for-20 free warrants Edge
- Hong Kong watchdog conducts raids over Nasdaq pump-and-dump Edge
- Korea fines Barclays, Citi for naked short selling Edge
- Japan chipmaker Kioxia’s shares surge 14% in debut Edge NST
- Vishal Mega Mart jumps 37% in USD944m IPO Edge
- Bill Gates-backed fund bets USD40m on carbon removal firm Deep Sky Edge
- AI startup Perplexity closes funding round at USD9b value Yahoo
- UK insurance broker Ardonagh in deal with Stone Point at USD14b valuation Star
Debt and money markets
- Pestech proposes scheme of arrangement for RM267m debt Edge
- Coastal Contracts may pay special dividend if Mexico JV refinances loan Star
- Indonesian textile giant avoids bankruptcy after debt vote Edge
- Fidelity’s China bond fund hits sales target early amid investor frenzy Edge
- Hong Kong’s New World seeks loan extension Edge
- Merged Nissan-Honda’s creditworthiness to eventually improve Edge
Digital assets
- Low instances of cryptocurrency in money laundering Star
- Luxury brands consider accepting crypto payments Edge NST
- Bitcoin rally pauses after scaling USD108k for the first time Edge
- Bitcoin may hit USD200k by mid-2025 Cointelegraph
- Powell says Fed cannot hold bitcoin, not seeking to change that Yahoo
- Bitcoin slips to USD101k, altcoins spiral on Fed’s hawkish tone Coindesk
- Solana smashes record with 66.9m daily transactions Coindesk
- Stablecoins will see explosive growth in 2025 Cointelegraph
- Trump has already unlocked new era for US crypto Coindesk
- Trump’s inauguration may trigger crypto sell-off Cointelegraph
- Dutch regulator approves bitcoin lightning fintech ZBD for MiCA license Coindesk
- MiCA-compliant stablecoins dominate European market Cointelegraph
- South Korean prosecutors seek jail for lawmaker who hid crypto Cointelegraph
- 5 real use cases for useless memecoins Cointelegraph
M&A and property
- SMI refuses EGM until court rules on suits Edge
- PTT Synergy sells 70% of sanitary wares firm at RM13.8m loss Edge
- RHB appeals High Court ruling on Tokio Marine bancassurance deal Edge
- Innovative structure in Silverlake Axis privatisation may spark trend Edge
- Bintulu Development Authority buys 10% of Pertama Ferroalloys Edge
- WTK buys 15% of Durafarm for RM28m Star
- KIP REIT targets manufacturing, logistics and warehouse Star
- Bain to go hostile in tussle with KKR for Japan’s Fuji Soft Edge NST
- Blackstone buys Ritz-Carlton Okinawa with Japan tourism booming Edge
- Possible merger of Honda, Nissan Edge Mail NST Yahoo Star
- Woodside swap energy project stakes with Chevron Yahoo
- Salesforce’s Benioff says no deal to sell Time magazine Yahoo
- Macquarie mulls USD5b sale of former Cincinnati Bell Yahoo
- Writing software maker Grammarly acquires productivity startup Coda Yahoo
- Nippon Steel, Sojitz take 49% of Champion Iron’s Canada project Yahoo
- UniCredit lifts Commerzbank stake to 28% Edge
Malaysian financial market news
- Malaysia’s trade surplus up 26.3% to RM15.3b in Nov Edge Star
- Lower domestic PPI likely to keep inflation down Star
- MRCB pulls out of KL-Singapore HSR consortium Edge Mail NST Star
- Malaysia Airports reports 16.1% passenger growth in Nov Edge Star
- MRL, CCC to jointly operate and maintain ECRL project Edge
- National SDG Council agrees to National ESG Strategic Plan Edge
- New audit exemption criteria for private companies starts 1 Jan Edge NST
- SEA-H2X undersea cable network in Sarawak completed by 3Q2025 Edge
- BNM’s plan to abolish Rule of 78 may lead to wider financial reforms Edge Star
- 98.4% of approved investments from 2021-24 bore fruit Mail
Asian financial market news
- Singapore salary increments 2-5% in 2025 Star
- Bank of Thailand keeps one-day repurchase rate at 2.25% Edge NST Star
- Bank Indonesia holds rate at 6% Edge Star
- Vietnamese building sector grows 7.8-8.2% Star
- PBOC uncomfortable with sovereign bond frenzy Edge Star
- China youth jobless rate falls for third straight month Mail
- Japan exports up 3.8% in Nov on yen weakness Star
Other financial market news
- Australia spends its way to bigger budget deficits Star
- New Zealand’s GDP down 1% in 3Q Yahoo
- US Federal Reserve cuts federal funds rate by 0.25% to 4.25-4.50% US Fed
- Fed dot plot shows 2 more rate cuts in 2025 Yahoo
- Powell says Fed already thinking about life under Trump Yahoo
- Trump is ready within seconds to issue orders spurring drilling Edge
- US mulls ban on China’s TP-Link over national security concerns Edge
- China’s AMEC dropped from Pentagon blacklist after suing US Yahoo
- Brooge Energy investors file fraud complaint against Ernst & Young Yahoo
- BofA says regulators need sober look at rules Star
- Nuclear developer Oklo to supply 12GW to data centre operator Switch Yahoo
- London’s Heathrow to invest USD3b on upgrade Edge NST Star
- Russia sells stakes in some Kazakh uranium deposits to China Edge
- Policy uncertainties following US elections undermines growth NST
