Capital markets news | Thu 13 Mar 2025
Equity
- Mercury values ACE Market-bound Chemlite at 44% premium Edge
- Chip designer SkyeChip mulls Bursa IPO at over RM1b valuation Edge Yahoo Star
- China’s retail investors pile into new funds Star
- Laopu’s 1,600% rally illustrates Hong Kong’s frenzy over IPOs Edge
- Venture capital firm Bessemer raises USD350m for second India fund NST
- The internet is in awe of Warren Buffett’s perfectly timed cash-out Yahoo
- Trump dealt an unexpected blow to Wall Street Yahoo
- Flagship startup raises USD200m in pursuit of scientific superintelligence Yahoo
- Calpers calls fossil fuel stakes climate-friendly Star
Debt and money markets
- Kinabalu Capital’s Issue 3 ratings affirmed MARC
- KNM secures creditors meeting to negotiate debt restructuring Edge
- Aeon Credit fully redeems RM200m subordinated sukuk Star
- Foreign investors extend buying streak in Malaysia’s corporate bonds NST
- Malaysian banking sector’s A3 rating remains amid economic expansion NST
- Demand for corporate credit to rise in Vietnam Star
- Philippines’ Apr rate cut on the table Star
- Philippine banks’ NPLs at 2-month high Star
- BOJ unfazed by rising bond yields, signals resolve to keep hiking rates NST
- Goldman Sachs says US credit spreads will get a lot wider Edge
- Growing fears of corporate defaults hit US credit markets Edge
- Exposure to Treasury futures plunges at risky moment Star
- TCW and Threadneedle eye complex mortgage bonds over CLOs Yahoo
Digital assets
- Trump’s tariffs could push bitcoin below USD75k in 2025 Yahoo
- Bitcoin’s USD70k retracement part of macro correction in bull market Cointelegraph
- Crypto rally doesn’t hold after soft inflation data Coindesk
- US Treasury market volatility slows bitcoin price recovery Coindesk
- Bitcoin miner Bitdeer increases holdings by 75% in 2 months Coindesk
- The GENIUS stablecoin bill is a CBDC trojan horse Cointelegraph
- SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs Cointelegraph
- Binance gets USD2b investment from Abu Dhabi’s MGX Coindesk
- Bolivia turns to crypto for energy imports amid dollar, fuel shortages Yahoo
- Mercado Bitcoin, Polygon Labs to issue USD200m tokenized assets Coindesk
- Centralised data infrastructure violates Web3’s decentralization Cointelegraph
M&A and property
- Pecca acquires land in Rawang to expand manufacturing capacity Edge Star
- Powerwell to acquire 51% of FTSB and BRSB for RM4.23m Star
- IJM acquires UK’s Finsbury Circus for GBP72.5m Edge Star
- Temasek buys 10% of snack business of India’s Haldiram for USD1b Edge NST
- Uber terminates deal to buy Delivery Hero’s Taiwan business Edge Yahoo
- Pokemon Go owner sells games to Saudi group for USD3.5b Edge
- TSMC pitched Intel foundry JV to Nvidia, AMD and Broadcom Edge NST Star Yahoo
- AI to fuel bumper year for M&A in US power sector Yahoo
- Roche buys rights to Zealand obesity drug candidate for USD5.3b Yahoo
Malaysian financial market news
- Flattish property loan applications in Feb, growth in Mar Edge
- Malaysia’s industrial activity grows slower than expected in Jan Edge Star
- SME Bank cautiously optimistic on Malaysia’s growth rate NST Star
- Govt has approved 21 data centre projects worth RM113.8b since 2021 Star
- MOF’s RM1.1b investment in Sapura Energy not bailout Edge NST Star
- Gig economy commission to align with Gig Workers Bill Edge
- Govt invites pitches for elevated ART system in Iskandar Malaysia Edge
Asian financial market news
- Chocolate Finance engaging with MAS on customer withdrawal Edge Star
- Salesforce to invest USD1b in Singapore to grow AI product Yahoo
- Nomura expands in Singapore, Dubai as wealth turns a profit Edge
- Indonesia imposes anti-dumping duty on China, Thailand, Taiwan nylon film Star
- Thailand readies USD13b to fix economy Star
- Thailand orders probe into USD76b fund’s property deal Edge
- China leads increased EV purchases as EU tariffs start to hit Edge
- Alibaba releases AI model that reads emotions to take on OpenAI Edge
- China summons Walmart after report of price-cut demand Edge
- Chinese users turn to off-exchange Congolese copper to ease supply tightness Yahoo
- Major firms in Japan agree to big wage hikes Edge
- Sumitomo Mitsui markets head sees BOJ rate at 30-year high Edge
Other financial market news
- Honeymoon ends for Trump on US financial markets NST
- Schumer says Democrats will block GOP plan to avert shutdown Yahoo
- US CPI dips to less than forecast 2.8% in Feb Coindesk
- US Treasury Secretary says it’s common sense to cut taxes Yahoo
- US FTC moves ahead with broad Microsoft antitrust probe Yahoo
- Small nuclear reactors face US demand boom Star
- Bank of Canada shows inflation will shape trade war response Yahoo
- Canada’s USD21b counter-tariffs span metals to golf balls Yahoo
- UK watchdogs abandon diversity work after backlash from bankers Edge
- Europe’s biggest battery hope Northvolt files for bankruptcy Edge Yahoo
- Climate deals worth USD45b seen surviving US exit Edge