Capital markets news | Tue 5 Mar 2024

Capital markets news | Tue 5 Mar 2024

Equity
  • Foreign investors sold RM503.1m net of local equities last week NST Mail Star Edge

  • Significant increase in grants for startups in 2023 Mail

  • Goldman Sachs wealth management CIO warns against investing in China Edge

  • Hedge funds bet on US real estate rebound Edge

Debt
  • GLICs to manage RM1b Bumiputera entrepreneurs allocation NST

  • Short-term interbank rates close steady on BNM operations Mail

  • Encouraging loan growth of 4%-5.8% likely Star

  • As bond bears grumble, investors snap up debt Star

  • Nuclear debt passes early investor test in Canada with clean tie-ups Star

  • Adani storms back into bond market with a USD409m sale Edge

Mergers and acquisitions
  • Ge-Shen buys 40% of EMS firm for RM48m Star Edge

  • HCK Capital buys land in Selangor for RM34m Star Edge

  • Deleum to undertake due diligence for Indonesian acquisition Star Edge

  • JAG’s offer for KUB Malaysia turns unconditional Edge

  • Five shortlisted buyers for UEM’s Cement Industries of Malaysia Edge

  • Khazanah, EPF and GIP forming consortium to run MAHB Edge

  • TPG, Hong Leong and TE Asia hospitals being consolidated Edge

  • Investor group raises bid for US retailer Macy’s to USD6.6b Mail

  • Nippon Steel to meet USW to seek support for US Steel deal Edge

  • JetBlue abandons US$3.8b offer for Spirit Airlines Edge

Projects and business
  • Berjaya Land breaks ground on USD1.12b Four Seasons Okinawa NST Star Edge

  • Iskandar Waterfront unveils RM4.3b master development plan Star Edge

  • China-based GDS Holdings set to expand business in Johor Mail Star Edge

  • SMRT subsidiary wins ATM infrastructure job in Philippines Star Edge

  • Egypt to privatise airport operation Mail

  • Toyota to announce USD2b Brazil investment this month Edge

Economy and market news
  • Malaysia can become a global leader in Islamic finance and takaful NST

  • Ringgit improves against US dollar ahead of OPR announcement Mail Star

  • Bitcoin bounces beyond USD64k as records beckon NST Star

  • Turkiye’s inflation rises to 67.1% in February Mail

  • Chinese market vital for US companies seeking global competitiveness Mail

  • Some Opec+ members agree to extend voluntary cuts to Q2 Mail Star

  • Hong Kong manages money only for the very rich Star

  • Singapore private banks gear up staff for higher demand Star

  • Ho Chi Minh City pushed to adopt carbon credit market Star

  • Global semicon sales rose 15.2% y-o-y in January to USD47.6b Edge

Legal and policies
  • Handal gets extension until Dec 2024 to hold AGM Star

  • Nylex gets extension until end-Jul to submit regularisation plan Edge

  • Apple will appeal USD2b EU antitrust fine in Spotify case Mail Edge

  • EU can’t close borders to solar imports Mail

  • UK finance minister dampens down hopes of tax cuts Mail

  • Proposed VAT law amendments stir much debate in Vietnam Star

  • Byju’s hedge fund ally faces jail time over missing USD533m Edge

  • Thailand weighs law change to target illegal short sellers Edge

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