Capital markets news | Tue 13 May 2025
Equity
- Eco-Shop cuts IPO price to RM1.13 Edge NST Star
- Retailer Macrovalue eyes Bursa listing in 3 years Edge
- HeiTech Padu proposes private placement to fund NIISe Edge Star
- DNeX plans 1-for-3 bonus issue of warrants Edge
- Malaysian firms push ahead with IPOs Star
- Foreign funds return to Malaysian market with RM8.3b net purchases in Apr NST
- Hedge funds re-enter Chinese equities on trade talk optimism Yahoo
- CATL seeks at least USD4b for Hong Kong listing Edge Mail NST Star
- Japanese foreign equity purchases in Apr hit 20-year high NST
- Saudi hospital operator’s USD500m IPO sells out Star
- Abu Dhabi’s IHC, BlackRock unveil USD1b reinsurance firm Edge
- Investors looking beyond US scoop-up Asian funds NST Star
- OpenAI negotiates with Microsoft for new funding and future IPO Edge Mail
- BofA’s Hartnett expects stock rally to fade amid US trade deals Edge
- Nakamoto going public via merger with KindlyMD Coindesk
- American Bitcoin to go public via merger with Gryphon Digital Coindesk
- Coinbase to become the first crypto firm to join the S&P 500 Cointelegraph
Debt and money markets
- No immediate ratings impact on Genting and GenM from GERL acquisition RAM
- Pavilion REIT’s MTN and CP programmes assigned initial ratings RAM
- No rating impact from SME Bank, EXIM Bank transfers to BPMB RAM
- Bank Rakyat issues RM1b senior sukuk Edge NST Star
- Affin extends RM500m loan for MV6 to buy Cold Storage Singapore NST
- Japan bank deposits rise at slowest since 2007 as inflation bites Yahoo
- Foreign banks sell record Indian sovereign debt as tensions rise Edge
- JIA offers access to Australian private real estate credit fund Star
- US nears USD36t debt ceiling in Aug Mail Star
- Traders see Fed cutting rates just twice in 2025 on cooling trade war Yahoo
- EU considers bank-liquidity tweak to bolster securitisation Edge
Digital assets
- Bitcoin falls below USD102k, could underperform as tariff risk eases Coindesk
- Bitcoin technical sell-off under USD100k ahead of today’s CPI print Cointelegraph
- Bitcoin’s bull run could accelerate as US-China trade tensions ease Coindesk
- Malaysia power theft by illegal crypto miners rose 300% since 2018 Coindesk
- XRP, BTC, other tokens flashing signs of bulls returning to crypto Coindesk
- German cops seize EUR34m of crypto assets in eXch swoop Edge
- Crypto market structure rules could govern US finance Coindesk
- Stablecoins to go mainstream in 2025 after US regulatory progress Coindesk
- AI agents are coming for DeFi, wallets are the weakest link Cointelegraph
- Pectra lets hackers drain wallets with just an offchain signature Cointelegraph
M&A and property
- Felda revisits privatisation of FGV Edge Star
- Axis-REIT goes shopping Star
- Singapore’s CDL fails in bid to buy out New Zealand hotel unit Edge
- Sumitomo Mitsui buys 13.2% of India’s Yes Bank for USD1b Edge
- Sunil Mittal poised to buy USD2b stake in Haier India Edge
- Delta, Korean Air buy 25% stake in WestJet in USD550m deal Edge
- Nippon Steel cooperating with review of US Steel bid NST
- Anchorage Digital buys USDM issuer Mountain Protocol Coindesk
Malaysian financial market news
- BNM may lower OPR to 2.75% in Jul NST
- Govt’s fiscal path remains on track Star
- Investment growth to ease NST
- Access to chips to be gained with export curbs rescission Edge NST Star
- Labour market maintains upward momentum Edge
- Property transaction value drops 8.9% in 1Q Edge
- Reducing land acquisition cost for lowcost housing Star
- Johor to achieve nearly RM60b foreign direct investment by 2Q Edge
- Penang shines bright as Malaysia’s gold manufacturing hub Edge
- Germany’s Sick to set up manufacturing hub in Johor Edge NST
- Netherland’s Oryx Stainless opens recycled steel plant in Johor Edge NST Star
- Westports cuts outlook, expects no growth in container volume Edge
- Petronas’ joint venture LNG Canada plans first exports by Jun Edge
Asian financial market news
- Millions without work in Indonesia despite lower joblessness Star
- Indonesia to cut fuel imports from Singapore in favour of US Edge
- Indonesian thermal coal exports post rare decline so far this year Star
- Vietnam still eyes 8% growth this year Star
- Soft 1Q GDP expansion may be best for this year in Philippines Star
- China’s consumer deflation extends in Apr as tariffs take toll Edge Star
- PBOC urges coordinated push to boost inflation Edge
- China’s bid to revive economy stalled by consumption slump Mail
- Chinese investment abroad surged 28% as Trump launched trade war Edge
- Chinese passenger car sales rise for a third month in Apr Edge NST
- Chinese exports to US slump 21% but soar to Asia and Europe Edge Mail Star
- Trump’s tariffs have put US-owned factory in China on life support Star
- China seeks Argentina crops as it skirts US tariffs Edge
- China will crack down on strategic minerals smuggling Edge
- Nvidia modifying H20 chip for China to overcome US export controls Edge NST
- US, China to slash tariffs Edge Mail NST Star Yahoo
- Chinese exporters prepare to get goods moving to US again Edge
- China not taking EU seriously on trade issues Edge Mail
- Taiwan’s exports surge to record, fuelling currency gains Edge
- Japan’s Ishiba open to more stimulus but rules out sales tax cut Edge NST
- Japan Mar real wages dip, consumer spending up Edge
- Japan PM Ishiba reiterates call to eliminate all tariffs with US Mail NST
- Japan’s Ishiba signals increasing corn imports as part of US trade talks Yahoo
- Panasonic to cut 10k jobs Edge Mail NST Star
- Nissan abandons plan for USD1.1b EV battery plant in Japan Edge NST
- Nissan to cut over 10k more jobs Mail Star Yahoo
- Toyota faces biggest hit from Trump tariffs among automakers Star Yahoo
- Indian state eyes USD14b petrochemical projects to cut imports Edge
- India offers to slash tariff gap by two-thirds to seal trade pact Edge
- Asia’s super-rich rapidly scale back US exposure on trade war Edge
- Investors seeking emerging currency bargains zero in on Asia Star Yahoo
- Global shift to bypass the dollar is gaining momentum in Asia Edge
Other financial market news
- Apr CPI report to show first signs of tariffs’ inflationary impact Star Yahoo
- Fed speakers show no eagerness to consider rate cuts Edge
- US Fed’s Williams says crucial to anchor inflation expectations Edge
- Kugler says Fed has time to be patient amid healthy US economy Edge
- US Fed’s Barr says tariffs to boost inflation, slow growth later this year Edge
- Extradited Austrian banker pleads not guilty to US charges Star
- US House tax committee unveils partial tax plan to achieve Trump agenda NST
- US House Republicans seek to kill EV tax credit, loan programme Yahoo
- Trump cautions GOP on tax hike for rich, but says he’s ok with it Edge
- Trump opens door to tariffs on commercial aircraft, engines Edge
- Trump’s priority list for tariff talks homes in on around 20 economies Edge
- Trump says 10% tariff baseline unless exceptional offer made Edge
- Container shipping firms cull Asia-US service Mail
- Texas, Google in USD1.38b settlement over user tracking, data privacy Mail
- McDonald’s plans to hire 375k US workers this summer Yahoo
- Mexico says exports under trade deal bolster growth Star
- China courts Latin America with belt and road deals Mail
- ECB set for rate cuts as inflation to miss target Star
- Europe braces for Transatlantic capital reverse Edge
- EU tells Trump no side deals or shortcuts in trade negotiations Edge
- EU’s Von der Leyen says only concrete trade deal would merit US visit Edge
- From US dollar hegemony to opportunity for euro Star
- Improvements in reasoning AI models may slow down soon Yahoo