Capital markets news | Thu 15 Aug 2024
Equity and property markets
- Elridge’s ACE Market IPO oversubscribed 29 times Edge Star
- Norway’s Oil Fund raises equity investments in Malaysia Edge
- Shein hires ex-EU official to bolster lobbying as IPO nears Edge
- Ex-Goldman partner gets Hong Kong licence for fund Edge
- South Korean retailers pile up on US stocks Star
- More investors plan to cut hedge fund exposure NST
- Every investor should know about 6 stock market crashes Edge
Debt and money markets
- SK Nexilis assigned AA3, P1 corporate ratings RAM
- Mercedes-Benz’s guaranteed debt programmes AAA(s) ratings affirmed RAM
- Vietnam coffee producer to receive up to USD25m ESG loan Edge
- Vietnamese banks under pressure to increase cheap capital sources Star
- Chinese trader snared by Delong’s collapse wins lenders’ backing Edge
- Chinese bonds rise after risk warnings work Edge
- Taiwan’s tech firms turn to convertible bonds for fundraising Edge
- Brightspeed cuts deal to slash USD1.1b of debt Star
- Blackstone’s Dwight Scott to retire after building credit giant Edge
- Bond investors were not fully pricing in economic risks Star
- Norway’s wealth fund flags sovereign debt risk to stock markets Edge
- ECB calls probe of riskiest bank loans Edge
- Financing conditions pass global sell-off test Edge
Mergers and acquisitions
- China’s Tongwei buys into smaller solar rival as glut deepens Edge
- Mars buys Kellanova for USD36b in biggest deal of the year Edge Star
- Kroger, Albertsons spend more than USD800m on merger fees Star
- Rheinmetall expands in US with USD950m defence deal Edge
- UBS to sell Credit Suisse’s US mortgage servicing business Edge NST
Projects and business
- Malaysia to acquire KTMB passenger trains through leasing Edge
- US-based Insulet Corp opens factory in Johor Bahru Edge Star
- Varia wins construction subcontract worth RM61.5m Edge NST Star
- Khazanah’s UEM to invest RM1.5b for industrial decarbonisation Edge NST Star
- Poser over conflicts of interest at Sapura Resources NST
- VS Industry sees RM1.5b revenue from new Philippines orders Edge NST Star
- UOB to leverage Southeast Asia megatrends for expansion Edge Star
- CNOOC reveals 5MW offshore power generator utilising flue gas waste Star
- India’s Ola puts Modinomics to the test Star
- Talen focuses on data centre demand, considers axing crypto business Star
- Swedish EV maker Polestar starts US production, avoiding heavy tariffs Edge
- UK energy regulator signs off on power superhighway Star
- Norway wealth fund profits USD138b in 1H as AI demand lifts tech NST
Economy and market news
- Malaysia’s economic sector up 1.5% to 8.96m jobs in 2Q Mail
- Malaysia’s GDP to hit 6% in 2Q amid consumption, tourism boost Mail
- Strong exports, consumption drive Malaysia’s fastest growth in 6 quarters Mail
- Malaysia to stay neutral to remain an attractive investment destination Mail
- Lack of high-skilled jobs a critical issue Star
- MITI unveils initiatives for stronger industrial supply chain NST Star
- Sarawak contracts will be revoked if work does not start within a month Edge
- Southeast Asian national oil companies to lead capex growth in 2024 Edge
- World’s biggest steel producer warns of severe industry crisis Edge
- Tycoon Adrian Cheng expects Hong Kong to become top wealth hub Edge
- South Korea adds 100k jobs in 3 months Star
- Global banks’ tech revival sparks hope for USD254b Indian IT sector Edge
- NZ cuts rates for 1st time in over 4 years NST Star
- Markets pricing in higher US recession odds Star
- US consumer prices increase as expected in Jul Star
- UK unemployment dips to 4.2% unexpectedly in 2Q Star
- UK inflation rises less than expected in Jul Star
Legal and policies
- BNM fines Maybank, CIMB over RM5m for prolonged disruptions Edge NST Star
- South Korea finds toxic safety breaches in Shein, Temu products Mail
- Russian billionaire seeks to settle USD16b dispute in Hong Kong Edge
- Australian regulator sues ASX over misleading statements Edge NST
- Australian pension Cbus to undergo probe following union scandal Edge
- DOJ considers seeking breakup of Google after major anti-trust win Edge NST
- US lenders push Indian ed-tech giant Byju’s towards insolvency Edge
- Russian court orders USD1.2b of Linde UK assets be frozen Edge
