Capital markets news | Mon 30 Dec 2024
Equity
- Swift Energy’s IPO oversubscribed 58 times Edge Star
- Chinese national takes up Asia Poly private placement Edge
- Nova MSC shelves subscription deal with Singapore firms Edge
- Khazanah invests in Cambrian Fund and AI firm Syntiant Edge NST Star
- PUC’s associate Pictureworks files for Nasdaq IPO Edge NST Star
- Chinese dividend ETF flows surge as investors shift from bonds Edge
- China’s CATL to seek Hong Kong listing Edge
- China’s record dividend payout intensifies pressure on yuan Edge
- Roaring debuts cap a bumper year for IPOs in India Edge
- Ride-hailer inDrive invests in Pakistan’s grocery startup Krave Mart Edge Yahoo
- AI stock trade starts to shift beyond Magnificent 7 Yahoo
Digital assets
- SC orders Bybit to cease illegal crypto exchange Edge NST Star
- Crypto mogul Do Kwon to be extradited to US Edge
- Banks want in on Tether’s major stablecoin profits Star
- Memecoin Degens raised millions for rare cancer research Coindesk
- Bitcoin kimchi premium spikes with South Korea’s political turmoil Coindesk
- Trump’s bitcoin policies depend on US economic standing Cointelegraph
- US government will not buy bitcoin in 2025 Cointelegraph
- Bitcoin may reach USD400k based on SBR and Fed rates Cointelegraph
- Litecoin could see spectacular breakout in 2025 Yahoo
- Tokenisation is Wall Street’s latest crypto buzzword Yahoo
M&A and property
- SCGM buys agriculture business from shareholders Edge
- OCB to offload debt-laden building materials business Edge
- Paragon Globe shareholders greenlight land disposals Edge NST
- Turbulence in MAHB sale Star
- GPP Resources sells 51% of Gambang Power Plant Star
- Nissan deal sets up next fight for bankers in Japan’s M&A boom Edge
- Japan’s Nidec targets Makino Milling in USD1.6b unsolicited bid Edge Yahoo
- It’s about to be a perfect storm for media dealmaking Yahoo
Malaysian financial market news
- Blockbuster year for foreign investment Edge
- Malaysia top beneficiary of data centre demand with USD21.2b Mail
- Thailand, Malaysia aim for USD30b trade by 2027 Mail
- Compliance to boost competitiveness NST
- Govt to decide on proposed 14% electricity tariff hike by mid-2025 Star
- Gig economy expands in 2024 amid push for worker protection Edge
- China extends anti-dumping duties on n-butanol from Malaysia Mail Star
- Penang, Johor, Selangor, Sarawak and KL top Malaysia’s exports Star
- Sarawak to build sea port, new airport in Kuching Star
Asian financial market news
- Singapore oil mogul declared bankrupt after empire collapsed Edge
- Thailand to impose 15% corporate tax for MNCs from 1 Jan Mail
- Vietnam to impose anti-dumping duty on Chinese wind towers NST
- Chinese carmakers’ profit margins squeezed further in 2024 Edge
- China sanctions US firms, execs over arms sales to Taiwan Edge
- China’s industrial profits decline at slower pace in Nov Star
- Iron ore hits 5-week low on poor Chinese demand Edge
- Tokyo inflation accelerates, keeps rate hike alive Star
- Leadership chaos rattles South Korea’s economy Mail
- South Korea Nov factory output falls more sharply Yahoo
- Egypt tests new Suez Canal extension to boost capacity, safety Mail
Other financial market news
- Wall Street concerned about inflation resurgence in 2025 Yahoo
- Climate, labour issues drive US companies to insurers Star
- AT&T, Verizon networks now clear after Salt Typhoon hack Edge Mail
- Trump asks Supreme Court to pause law threatening TikTok ban Edge
- Mortgage rates may remain above 6% even until 2026 Yahoo
- Drama-prone fintechs face mixed regulatory environment Yahoo
- Oil settles up over 1% on large draw from US crude stocks Edge Yahoo
- Mexicans are ditching legacy luxury rides for affordable Chinese auto Mail
- UK PM asks regulators to prioritise growth Star
- New French finance minister eyes 2025 deficit slightly above 5% Mail
- German companies investigate absenteeism Mail
- Tax cuts, debt reined in as Italy adopts 2025 budget Star
- Russia’s 2024 LNG exports up 3%, half going to Europe Star
- European gas jumps as Putin doubts new transit deal can be made Edge
- Big Oil backtracks on renewables push as climate agenda falters Edge Yahoo
- Price of gold likely to hit USD3k next year Star
