Capital markets news | Mon 12 Aug 2024
Debt and money markets
- Bank Muamalat’s A2, P1 ratings affirmed RAM
- Sunway REIT’s AA2, A1(s), P1(s) ratings affirmed RAM
- Johor Port’s rating outlook revised to positive MARC
- Agrobank’s AAA financial institution rating affirmed MARC
- Tropicana’s RM1.5b sukuk programme assigned A preliminary rating MARC
- DUKE 3’s rating outlook revised to negative MARC Edge NST
- China told brokerages to check compliance on bond trading Edge Star
- ByteDance seeks refinancing of USD5b loan Edge
- Moody’s downgrades Intel’s senior unsecured rating to Baa1 NST
- Allianz CEO warns that high public debt is really scary Edge
Mergers and acquisitions
- No sale of Felcra factories Edge Mail
- REITs embark on acquisition drive Star
- Crown Resorts fails to sell USD59m Sydney penthouse Edge
- News Corp to sell Australia pay TV and streaming unit Edge NST
- Stephen Lansdown banks GBP309m from Hargreaves Lansdown sale Edge
- Abu Dhabi buys minority stake in Sotheby’s auction house Edge
- Investors seek funds for football club Benfica stake Edge
- Thyssenkrupp Steel needs EUR1.3b more after split from parent Star
Projects and business
- Mitrajaya wins RM152m construction contract Edge Star
- MN, Reservoir Link JV eyes TNB’s Pulau Tioman solar project Edge
- Straits Energy Resources exits port business after 4 years Edge
- Asteel consortium bags RM61m Elmina data centre cladding deal Edge Star
- Solarvest secures 5 CGPAs under CGPP totalling 59.98MW Star
- Coraza invests RM50m in 5th Penang manufacturing facility Star
- Lotte invests RM1.2b on elecfoil factory in Samajaya Star
- Toyota cuts 2024 global output goal by 500k units Mail
- India’s Mahindra seeks nod for USD3b Shaanxi JV Edge
- Stellantis to fund Archer’s air-taxi production costs Edge
- Paramount writes down cable networks by USD6b, cuts jobs Edge Mail NST
- Disney to spend USD5b on films, TV in UK, EMEA in next 5 years Edge
- Disney unveils new attractions in USD60b theme park expansion Mail
- Boeing gets USD2.56b US Air Force contract for E-7A aircraft Edge
- Cisco to cut thousands of jobs in new layoff round Edge
- Rio Tinto’s Serbia lithium project to take 2 years to approve Star
Economy and market news
- Malaysia’s manufacturing sector up 3.7% in 1H, sales hit RM921.5b Mail Star
- Malaysia’s IPI rose 5% in Jun, 6 months of steady growth Mail Star
- Malaysia’s labour force up 1.1% in 2Q, employed persons up 1.2% Mail Star
- CPO futures to trade down at RM3,650-RM3,850 NST
- China’s CPI up 0.5% in Jul, 5-month high Mail
- With US Chips Act money mostly divvied up, the real test begins Edge
- US SEC, exchanges urged to probe last week’s VIX surge Edge
- Trump wants US President to have say over monetary policy NST
- Fed policymakers signal rate cuts ahead Star
- Petrochemical makers battle global glut Edge NST Star
Legal and policies
- Launch of AI code of ethics before year-end Edge
- MACC arrests Group CEO and others for embezzlement Edge
- Miti starts anti-dumping probe on China, Indonesia plastic Edge Star
- Govt reviews anti-dumping duties on China stranded steel wires NST
- China lodged WTO complaint on Europe’s EV tariffs Edge
- Chinese builder Kaisa faces key court test to avoid liquidation Edge
- Hindenburg says India’s SEBI chief held stake in Adani offshore funds Edge Mail NST
