Capital markets news | Wed 5 Mar 2025
Equity
- Saliran’s ACE Market IPO oversubscribed over 76 times Edge Star
- MSC proposes 1-for-1 bonus issue Edge
- Relisting of Boustead Plantations only after financial improvement Edge
- Didi’s self-driving unit seeks funds at USD5b value Edge
- China’s BYD raises USD5.6b in share sale, Hong Kong’s largest in 4 years Edge Star
- Second stock exchange opens in South Korea, ending 70-year monopoly NST
- Oyo speeds up IPO plans as founder debt repayment date looms Edge
- Anthropic stake for the masses is latest ETF industry gambit Yahoo
- Estonian fintech startup Cino raised EUR3.5m seed funding Yahoo
- Investors say time to take Trump seriously on trade tariffs Mail
- BMI keeps Brent crude oil price projection at USD76 per barrel in 2025 Star
Debt and money markets
- Islamic finance to grow, sukuk issuance to ease in 2025 NST
- Treasuries fall to multi-month lows with US growth in doubt Star
- Ally Financial sells USD2.8b low-yielding securities to bolster balance sheet Yahoo
- American carmakers face credit pressure over Trump tariffs Edge Star
- Altice France’s unhappy creditors tap advisers to improve terms Edge
- Bond yields jump as defence promises ripple around the world Edge
- Credit spreads are cracking as investor nerves fray over tariffs Edge
Digital assets
- Crypto and stocks bounce sharply from worst levels Coindesk Cointelegraph
- 77% of stolen Bybit funds from record USD1.4b hack still traceable Coindesk
- XRP hitting USD5 gets millions in bets but there is a catch Coindesk
- Why is the Ripple SEC case still ongoing amid a sea of resolutions? Cointelegraph
- El Salvador’s bitcoin purchases won’t stop due to IMF deal Coindesk Cointelegraph
M&A and property
- Paramount to continue monetising RM750m non-core assets Edge
- Paramount eyes RM400m land deals in 2025 Edge
- LTAT’s Project Earth to reduce strategic asset holdings to 35% Edge
- EcoWorld sells land for RM119m to Chinese firm setting up factory Edge Star
- UAE’s Adnoc and OMV to form USD60b chemical giant Edge
- Seven & i denies rebuffing USD47b Alimentation Couche-Tard offer Edge
- Gallagher buys insurance broker Woodruff Sawyer in USD1.2b deal Yahoo
- Google urges US government to avoid breaking up firm Yahoo
Asian financial market news
- Number of Singapore firms applying for Thailand’s investment privileges up Star
- Jakarta mulls merging Pertamina subsidiaries Star
- State Bank of Vietnam concerned about foreign investment policy changes Star
- Vietnam-based fund seeks to develop USD1.5b data centre hub Edge
- Vital for China to focus on woes in real estate Star
- China strikes back at Trump’s tariffs Star
- Japan’s SMFG joins Wall Street in exiting net zero banking group Edge
- Japan 4Q corporate capex down 0.2%, points to tepid domestic demand NST
- Aramco cuts world’s biggest dividend in blow to Saudi budget Edge Yahoo
Other financial market news
- Rate cut doesn’t commit RBA to further easing Star
- US Treasury Secretary says administration committed to lowering rates Coindesk
- Trump says Japan, China cannot keep reducing value of their currencies NST
- Trump says Canada and Mexico cannot avert tariffs, hikes China levy NST
- US farmers face higher costs, fewer markets from tariffs Yahoo
- Trump’s tariffs risk driving record food costs even higher Yahoo
- Foxconn’s mega AI plant in Mexico will be ready in a year despite tariffs Edge Yahoo
- UK prices to rise as retailers pass on higher employment costs NST
- Stellantis, VW bear brunt of EUR5.88b Trump tariff risk Edge
- Continental won’t bear extra cost of Trump tariffs Edge
- Ex-Credit Suisse bankers banned in UK over tuna-bond scandal Edge