Capital markets news | Fri 9 May 2025
Equity
- Fibromat ends maiden day on ACE Market 10% below IPO price Edge NST Star
- PEOPLElogy’s ACE Market IPO oversubscribed 0.24 times Edge Star
- Cuckoo sets deadline for IPO application withdrawals Edge NST Star
- MGRC plans RM2.5m private placement Edge
- Investors add Fed rate uncertainty to tariff murkiness Yahoo
- Wall Street brokers risk losing billions in fees on SEC shift Edge
Debt and money markets
- Court of Appeal rejects THHE’s bid to block compulsory winding up Edge
- Public Bank sees minimal credit exposure to US tariff risks NST
- Treasuries slide as Trump pushes investors toward riskier assets Edge Yahoo
- Mortgage rates hold steady after labour data, Fed meeting Yahoo
- New York MTA gets USD500m loan backed by congestion toll Star
- Moody’s warns of risk posed by rising retail exposure to private credit NST
Digital assets
- Bitcoin tops USD100k for first time in 3 months Coindesk Yahoo
- Bitcoin USD120k target for 2Q may be too conservative Coindesk
- Bitcoin options could pave the path for new price highs Cointelegraph
- Browser-based crypto mining makes a comeback Cointelegraph
- SEC, Ripple ink USD50m settlement agreement Coindesk
- Trump tricked into pushing XRP for crypto reserve Cointelegraph
- 98% of tokens on Pump.fun have been rug pulls or act of fraud Coindesk
- Meta is looking to enter red-hot stablecoin market Coindesk
- Stripe allows businesses to hold and distribute stablecoins Coindesk
- Senate votes against advancing stablecoin bill Coindesk
- Trends in tokenising real-world assets Coindesk
- Superstate expands into tokenised equities, SOL Strategies to list first Coindesk
- Celsius founder sentenced to 12 years in prison Coindesk Cointelegraph Yahoo
M&A and property
- Emkay selling Mercu Mustapha Kamal Tower 2 via stratified floor ownership Edge
- We can stand alone, Alliance Bank’s chief says amid market talk on M&A Edge
- Japan’s NTT launches USD16.5b buyout of AI arm in streamlining push Edge NST
- Japan’s tycoon families seek buyouts to evade investor pressure Edge
- Microsoft wins appeal in FTC challenge to USD69b Activision Blizzard deal Edge
- Coinbase buys crypto options exchange Deribit for USD2.9b Edge Coindesk Yahoo
- BP-Shell megadeal would create European rival to Exxon Mobil Edge
Malaysian financial market news
- BNM keeps OPR at 3%, flags rising downside risks to growth Edge Mail NST Star
- BNM slashes reserve ratio to 1%, releasing RM19b into banking system Edge NST Star
- BNM’s unexpected SRR reduction fuels talk of potential OPR cut Edge
- BNM’s cautious tone suggests a rate cut could come as early as Jul Edge
- BNM’s international reserves rise to USD118.7b as at 30 Apr Edge NST Star
- Malaysia won’t face recession even as outlook faces downside risks Edge NST Star
- Industrial output rises faster than expected in Mar Edge Mail Star
- Manufacturing sales up 3.7% to RM164.3b in Mar Mail Star
- Services producer price index rises 0.6% in 1Q Mail NST Star
- 10% blanket tariff expected to remain Edge
- US prefers one-on-one talks, refuses Asean bloc in tariff negotiations NST
- Tariff relief from US sought for key aerospace industries Edge
- Exporters confused over new certificate of origin rules Edge
- EU accelerating free trade talks with Malaysia, Asean Mail
- Malaysia’s auto industry now second largest in Southeast Asia Edge NST
- E-invoicing rules unfair to online sellers on e-commerce platforms Edge
- SC warns of scam involving fake officers demanding payments NST
- MACC probes Tan Sri over money laundering related to Sapura Energy Edge NST
- MACC remands port manager for deceiving shareholders, causing RM1m losses Edge
- Foreign workers now allowed to apply for cross-sector transfers Edge
- Petronas Gas, Sabah GLCs to develop 120MW power plant in Labuan Edge Star
- MNC Wireless’ auditor resigns over registration status issue Edge
Asian financial market news
- Singapore, EU ink digital trade agreement Star
- BYD aims to sell half its cars outside China by 2030 Edge
- Trade war to slash China’s steel exports, aggravating domestic oversupply Edge
- China reiterates US should cancel tariffs ahead of trade talks Edge
- Corning poised to invest USD500m to expand presence in China Star
- Hong Kong central bank keeps key rate unchanged, tracking Fed move Edge
- Taiwan’s China Airlines orders 14 Boeing 777X planes Edge
- Taiwan doesn’t expect to be named currency manipulator by US Edge
- Toyota sees USD1.3b profit hit in 2 months on tariffs Edge Mail Star
- Asian banks see big boost to wealth business as currencies rally Edge
Other financial market news
- Trump slams Fed chair Powell again for keeping rates steady Edge Mail
- Much-awaited Fed rate cut may not come before 4Q Coindesk
- Fed survey shows US 3-year inflation views at highest since 2022 Edge
- Trump cuts thousands of Wall Street cops while markets swing Edge
- US productivity drops for first time since 2022 as output fell Edge
- US weekly jobless claims fall more than expected Edge
- Former Fed president is watching unemployment data Yahoo
- Pimco sees heightened US recession risks Edge
- Amtrak to cut 20% of top-level staff amid Trump uncertainty Edge
- AI execs urge increasing exports, improving infrastructure to beat China Edge
- From Apple to GM, tariffs to cost companies tens of billions Edge
- Trump says he won’t lower China tariffs to jump-start talks Edge
- Trump strikes comprehensive trade deal with Britain Edge Mail Yahoo
- Detroit Three automakers blast Trump UK trade deal Yahoo
- US commerce chief says dozens of trade deals to be rolled out Yahoo
- Bill Gates to give away USD200b by 2045 Edge Star
- Bank of England cuts rates to 4.25% in split vote Edge Star Yahoo
- BOE’s Bailey warns deal not enough to save Britain from trade war Yahoo
- Reeves tax raid to blow GBP57b black hole in Britain’s finances Yahoo
- Siemens Energy sees not much impact from import tariffs Edge
- Stellantis to cut 500 jobs through voluntary exits at Italy’s Melfi plant Edge
- Ukrainian Parliament ratifies natural resources deal with US Edge
- European central banks keep easing on the agenda Yahoo
- Shipping group Maersk lowers 2025 global container market forecast Edge
- Global central banks diverge as tariff risks hamper US Fed Yahoo