Capital markets news | Wed 2 Jul 2025
Do you know?
- Global Economic Events: Trump’s Big Beautiful Bill permanently extends the 2017 tax cuts, slashes social spending such as Medicaid, boosts defence funding by USD150 billion and border security by USD50 billion, and introduces new family savings tools. The Congressional Budget Office estimates it will add USD2.4-3.3 trillion to US debt over the next decade and increase the number of uninsured Americans by 10-12 million.
Equity
- iCents’s ACE Market IPO offers 21% upside Edge
- MMC Port files for IPO, proceeds go to Syed Mokhtar Edge
- Chip-design firm SkyeChip is close to a Malaysian IPO Edge Star
- Sapura Energy’s regularisation plan to exit PN17 approved by Bursa NST
- Bursa attracts foreign listings, strengthens market participation NST
- Global investors double down on Chinese assets Star
- South Korea’s sovereign wealth fund to boost bets on AI startups Edge
- Figma reveals revenue, profit growth in US IPO filing Yahoo
- Accelerant files papers to go public in US Yahoo
- Blackstone’s Cirsa seeks USD2.95b valuation in IPO Yahoo
- AstraZeneca considers moving listing to US Edge
- Hedge funds pile in as big US banks soar to all-time highs Edge
- Nasdaq prevails over NYSE in 1H listings, buoyed by blockbuster IPOs Yahoo
- Mexican fintech Klar raises USD190m Star
Debt
- KLCC Property’s sukuk AAA rating affirmed RAM
- Konsortium KAJV’s AA- rating affirmed MARC
- George Kent’s ratings affirmed MARC
- Guan Chong’s negative outlook maintained MARC
- Revised methodology for sustainable finance published MARC
- May loan growth picks up but headwinds persist Star
- Malaysia’s bank loan growth to accelerate in 2H on business demand NST
- Yinson issues USD1.17b notes backed by FPSO Maria Quitéria Edge NST Star
- Fed’s Powell says dollar swap lines remain important tool Yahoo
- US Treasuries get vote of confidence from Korea’s wealth fund Edge
- Rising govt debt poses greatest risk to US market standing Edge
- Dalio calls for bipartisan solution to address US debt bomb Edge
- xAI raises USD5b each in fresh debt and equity NST
- Hedge fund strategy built on catastrophes taps hot new trend Yahoo
Digital assets
- Bitcoin pulls back to USD106k after record monthly close Coindesk
- Bitcoin price stuck as OGs are dumping on Wall Street Cointelegraph
- Bitcoin cash surges 5%, chalks out bullish golden cross Coindesk
- Bitcoin targets USD200k as profit metrics become cautiously optimistic Cointelegraph
- Bitcoin Layer-2 Botanix mainnet debuts, cuts block times to 5 seconds Coindesk
- Pakistan will deploy bitcoin reserve in DeFi for yield Cointelegraph
- Chanos warns of AI pullback, absurd bitcoin treasury companies Edge
- Visa, Mastercard race to capture a USD253b crypto threat Edge
- Mastercard to expand crypto team with 2 senior hires Coindesk
- US Senate passes budget bill without crypto tax Coindesk Cointelegraph
- Robinhood tokenises US stocks for Europeans Star
- Competition heats up as crypto exchanges vie for European market Cointelegraph
- ECB approves distributed ledger technology to settle work Coindesk
- South Korean exchange Upbit to work on won stablecoin with Naver Pay Coindesk
- Bank for International Settlements calls stablecoins fake money Yahoo
M&A
- Pertama Digital eyes turnaround in FY2025 following D-Ron acquisition Edge
- Kerjaya Prospek buys land in KL for RM112.8m Edge NST Star
- Samaiden buys land in Teluk Intan to develop utility-scale solar farm Edge Star
- Avaland buys PJ land for RM49m for commercial development Edge NST Star
- Lianson to sell vessel for RM32m Edge Star
- CCIB acquires Alpadis Star
- Genting hands over coal plant in China after PPA expiry Edge Star
- KKR acquires Singapore’s Finexis Advisory Edge
- Trump’s TikTok buyer is the same group behind a previous stalled bid Edge
- Aviva’s GBP3.7b Direct Line deal gets UK regulator’s nod Edge
Malaysian
- HLIB sees BNM cutting OPR by 0.25% in 2H Edge
- BNM says ringgit is market-determined Edge
- Ringgit rises to 9-month high on bond inflows, weaker dollar Edge Mail Star
- Manufacturing edges closer to stabilisation in 1H Star
- Gains from trade diversion likely modest RAM
- Positive response from US to Malaysia’s approach to tariffs Edge NST
- Gig workers bill set for Parliament tabling Edge
- Annual development spending under 13MP to be raised Edge
- Data centres battle higher power costs, unclear pricing Edge Mail
- Tourism GDP contribution to surpass pre-pandemic levels in 2025 Edge
- Johor records highest GDP growth among states in 2024 Edge NST
- ECRL surpasses target with RM18.57b contracts awarded to locals Mail
- Suria Capital director charged with corruption Edge Star
- Standard Chartered target of lawsuit in Singapore over 1MDB Edge NST Star
Other markets
- Potential rate cuts in Indonesia may be helpful for banks Edge
- China raises quota for foreign investment, ending 13-month pause Edge
- China’s private factory gauge rebounds after US trade truce Edge Star
- Taiwan dollar surges more than 2% as traders test central bank Yahoo
- Pakistan inflation eases in Jun despite fuel price hikes Edge
- US Treasury chief says he thinks Fed could lower interest rates by Sep Yahoo
- Powell isn’t taking a Jul rate cut off the table for Fed Yahoo
- Goldman Sachs expects 0.75% cuts by Fed in 2025 Edge
- Powell says tariff impact on US prices seen coming this summer Edge
- Challenge to dollar supremacy a long way off Yahoo
- Texas makes gold, silver legal tender following governor’s approval Cointelegraph
- US manufacturing activity contracted in Jun for a fourth month Edge
- US job openings climb to highest since Nov, led by leisure Edge
- Where major US trade talks stand as 9 Jul deadline looms Mail
- US shifts to limited trade deals ahead of Trump’s looming tariff deadline Mail
- Trump suggests he won’t extend tariff pause Yahoo
- Euro hits strongest since 2014 against yuan as rally continues Edge
- Eurozone to accept Trump’s universal tariffs Star
- ECB head says frequent economic shocks make inflation unpredictable Yahoo
- Eurozone inflation picks up to ECB target Yahoo