Capital markets news | Thu 6 Jun 2024
Equity
- XOX plans 30-to-1 share consolidation after capital reduction Edge
- Kenanga underwrites Kucingko’s ACE Market IPO Edge NST Star
- China’s Tiger Brokers eyes Singapore’s rich to drive growth Edge
- China exchanges mull withholding certain data from quant funds Edge
- UBS, HSBC urge China to expand wealth links with Hong Kong Edge
- Modi’s election setback only a blip for some global stock funds Edge
- Nasdaq unit explores private IPOs for startup stakes Star
- BlackRock, Citadel back Texas Stock Exchange Edge NST
- Axos Financial shares fall after Hindenburg takes short position Star
- Cisco launches USD1b global investment fund for AI innovation NST
- Apollo buys 49% of Intel’s Irish plant for USD11b Edge Star
Debt
- Bank Rakyat offers RM50m financing for Indian entrepreneurs Edge Star
- OCBC Malaysia pioneers GBP210m Islamic green financing for PNB Edge NST Star
- OCBC priced EUR500m 3-year covered bonds Edge
- China’s convertible bond boom escalates with Trip.com’s USD1.3b Edge
- Chinese move billions to Hong Kong banks, seeking higher yields Edge
- Property sector concerns affect US banking system Star
- Australia gets rare premium in first green bond Star
Mergers and acquisitions
Projects and business
- UEM inks agreement to develop 500MW hybrid solar power plant Edge
- NXP, Vanguard to build USD7.8b Singapore chip wafer plant Edge NST
- New connection for Singapore-Batam via submarine cable system Edge
- TotalEnergies, APA to make investment decision on Suriname in 4Q Edge
- NBA nears USD76b rights deal with NBC, ESPN, Amazon Edge
Economy and market news
- German companies in Malaysia worry about skilled workers, forex, demand Edge
- Short-term interbank rates end stable on BNM operations Mail
- Wealth of world’s richest rose 4.7% in 2023 to hit USD86.8t Edge
- Dalio warns US-China economic warfare among top global risks Edge
- Chinese AI chip firms downgrading designs to secure TSMC production Edge
- Japan aims to quadruple overseas market for anime, games Mail
- Thailand embraces faster inflation Star
- Opec+ is switching strategy to defend market share Star
- Container shortage in China is shipping’s Achilles heel Star
- South Korea’s economy bigger than first thought Star
- Chances of a trade war increase on two fronts Star
Legal and policies
- Court sets 9 Aug for winding-up petition against SPNB Aspirasi Edge
- Serendib sues Sarawak Cable over white knight termination Edge
- Tribunal rules Alphabet’s USD17b UK adtech lawsuit to proceed Edge
- Banks told to brace for ECB fines after mismanaging climate risk Edge
- Japan’s taxes too high for hub ambition Edge