Capital markets news | Thu 18 Apr 2024
Debt
- Zikay’s proposed sukuk wakalah programme preliminary rating withdrawn RAM
- Short-term interbank rates ends steady on BNM operations Mail
- Malaysia on right track in sustainable financing Star
- Hong Leong Bank signs MoU to promote investments in Malaysia Star
- IMF, World Bank cite significant progress in debt restructuring cases Edge
- Seoul, Tokyo vow ‘appropriate action’ on weak yen and won Mail
- Euro zone bond yields rise for 3rd consecutive day Mail
- Bank Indonesia open to buying government bonds to steady market NST
Mergers and acquisitions
- EPF ceases to be substantial shareholder of Affin Bank Edge
- Menang Corp to take up 20% stake in Indonesian healthcare JV Edge
- Abu Dhabi Islamic Bank to buy 15% of Bank Syariah Indonesia for USD1.1b Edge
- China Vanke seeks to sell 21% of logistics operator GLP Edge
- Prudential Financial’s PGIM struggles to sell Singapore towers Edge
- Billionaire Rinehart buys stake in rare earths producer Lynas Edge NST Star
Projects and business
- PJD Link discontinued as developer failed to meet conditions Edge
- Reservoir Link subsidiary wins RM22m Kulim solar farm subcontract Edge Star
- Malayan Flour Mills to invest RM100m, install milling line in Perak Edge NST Star
- An ideal scenario for Muhibbah’s Cambodia concession Star
- UBS plans next round of layoffs in Credit Suisse integration Edge
- Airbus, Rolls-Royce close to USD20b Turkish Airlines parts deal Edge
- Morgan Stanley cutting Asia investment banking jobs Edge Star
- LVMH sales growth slows in sign of soft landing for luxury sector Edge Star
- Telegram to hit one billion users within a year Edge
- Apple to consider Indonesian manufacturing facility Edge NST Star
- China’s Chery carmaker eyes Spain for first EU factory Mail
- Solid-state batteries take 12 minutes to charge up 400km Star
- Vale iron output tops estimates with improved operations Star
- Thames Water to release new business plan this week Star
Economy and market news
- IMF revises Malaysia’s 2024 GDP growth upwards to 4.4% NST Star
- Salary no longer top reason for employee departures Edge NST
- CPO futures ends lower amid weaker soybean oil futures, oil prices Edge
- JS-SEZ can be a competitive edge in attracting FDI in the region Mail Star
- Oil fundamentals don’t support Brent crude’s climb to USD95-USD100 Edge
- US trade chief calls for ‘decisive’ action to shield EV sector from China Edge
- China’s cycle of dollar hoarding and weakening yuan gets vicious Mail
- EU faces last chance to compete with rivals Mail
- US Fed’s Powell says inflation fight may take ‘longer than expected’ Mail Star
- China’s nuclear power share in energy mix on the rise Star
- Germany turns the corner Star
- IMF lifts growth forecast for the world economy Star
- Iron ore slides as China’s housing issues worsen Star
- Singapore’s major exports slump 20.7% in Mar Star
- Vietnam offers good potential for offshoring market Star
- Japanese exports get boost from Beijing Star
- Addressing South Korea’s growing trade surplus Star
Legal and policies
- Pimpinan Ehsan has until 30 Sep to submit regularisation plan NST
- Germany, China sign joint declaration on car data sharing Edge
- Shell urges investors to reject shareholder group’s climate demands Edge
- Regulators want to better prepare funds for margin calls Edge
- Biden seeks higher tariffs on Chinese steel, aluminium Edge
- Vietnam lends USD24b to rescue Saigon Commercial Bank Edge Mail Star
- WTO chief urges ‘cool head’ if Trump wins, imposes new tariffs Mail
- Joe Biden’s climate law not nearly sufficient Star
