Capital markets news | Thu 26 Dec 2024
Equity
- iCents eyes ACE Market listing Star
- Pan Merchant eyes ACE Market listing Star
- Parlo proposes rights issue of 300.58m shares Edge Star
- ASB distributes 5.75 sen, highest since 2018 Edge Mail NST Star
- Chinese investors buy record amount of Hong Kong stocks via link Edge
- Data centre operator GDS considering IPO of Chinese REIT Edge
- Chinese data centre operator Yovole mulling US IPO Edge Yahoo
- Swiss PE eyes IT, pharma in India portfolio revamp Star
- Startup xAI raised USD6b in latest funding round Mail
Debt and money markets
- Manjung Island’s Series 1, 2 sukuk AAA ratings affirmed RAM
- Hong Leong Assurance upgraded to AAA RAM
- Pengurusan Air SPV’s AAA, P1 sukuk ratings affirmed RAM
- Malaysia’s AAA sovereign rating affirmed MARC Edge NST
- Beijing agrees to issue USD411b treasury bonds Star
- Syngenta signs USD4.5b ESG loan, Asia’s biggest this year Edge
- US Treasury yields edge higher with long-term debt out of favour Edge
- John Miller’s new high-yield muni fund dominates market in 2024 Star
- IMF gives initial nod for Egypt’s USD1.2b fourth review Mail
Digital assets
- Floki on course for Europe ETP in 1Q2025 Coindesk
- Crypto insiders billions richer after steering elections Coindesk
- USD14b bitcoin options expiring in highly leveraged market Coindesk
- 2025 will be the year AI agents transform crypto Coindesk
- Bitcoin payments are being undermined by centralised stablecoins Cointelegraph
- Stablecoin predictions for 2025 Cointelegraph
- Women more bullish about blockchain games than men Cointelegraph
- Turkey introduces stricter crypto AML regulations Cointelegraph
- Russia is using bitcoin in foreign trade Yahoo
M&A and property
- Rymnet to drive half of Radiant Globaltech’s future profits Edge
- BHIC shareholders approve sale of 51% of Contraves Edge NST Star
- MAHB shareholders should accept offer NST Star
- Singtel joins other shareholders in offer for Thai telco AIS Edge
- Shimao slashed asking price for Hong Kong hotel Edge Star
- Taiwan blocks Uber purchase of Foodpanda Edge Mail NST
- KKR and Bain each bid more than USD5b for Seven & i assets Edge NST
- Honda, Nissan tie-up requires time neither can spare Edge
- Nippon Steel’s US Steel takeover has support in steelmaking areas Edge
- Biden to decide on US Steel acquisition after panel deadlocks Edge
- Mizuho CEO sees global boom in M&A after Trump takes office Edge
- Merger-arbitrage industry sees revival under Trump Star
- Saks completed USD2.7b acquisition of Neiman Marcus Edge
- Adler sells German rental units at EUR423m valuation Edge
Malaysian financial market news
- Economy grew 5.2% in 9M2024 Mail
- Malaysia’s PPI declines 0.4% in Nov Star
- Number of Malaysian graduates up 4.2% to 5.74m in 2023 Edge
- Bumiputera labour force hit 9.8m in 2023 NST
- Cradle unveils Startup Asean NST
- Govt initiates review of cold rolled coils anti-dumping duties NST
- Banks will bear fraud losses due to lapses in security NST
- Ending flat-rate loan can curb household debt, bankruptcy Star
- Nestcon wins 18.99MW LSS projects in Sabah Edge Star
- Prolintas settles cost-sharing agreement dispute with Latar Edge NST
Asian financial market news
- Bangladesh investigates Singapore tycoon over financial crimes Mail
- Indonesia’s 10% levy could shrink CPO exports Star
- Toyota to build EV plant in China Edge
- Tesla’s Shanghai battery factory to be completed this year Mail
- Corporations aim for more China presence Star
- China’s value added tax to streamline exemptions from Jan 2026 Mail
- China to ramp up fiscal support for consumption Star
- China extends EU brandy anti-dumping investigation by three months Yahoo
- Bank of Japan debated need for caution in raising rates Star
- Japan accuses Google of antitrust violation, to issue cease-and-desist Mail
- Sugar shortage looms as India’s cane yields drop amid adverse weather Mail
Other financial market news
- Australia more confident about inflation target Star
- Trump’s first year will be filled with fiscal follies Yahoo
- The Fed avoided a recession in 2024, but it couldn’t shake inflation Yahoo
- Big banks, business groups sue US Fed over annual stress tests Edge NST
- New York Fed’s tweak to key repo facility hampered Star
- Brazil halts BYD site after workers found in slave conditions Edge Mail NST
- Uruguay hikes key rate to 8.75% Star
- UK launches review of EV sales mandate criticised by industry Edge
- France’s Bayrou wants deal to bring deficit to 5% Star
- Russia can send gas to Europe via several routes Yahoo
- Wall Street split on Turkey’s likely first rate cut in years Yahoo
- 2025 will be a show-me year for nuclear Yahoo
