Capital markets news | Fri 16 Aug 2024
Equity and property markets
- 99 Speed Mart to raise RM2.3b from IPO Edge NST Star
- Magma obtains Bursa nod to issue 1b new shares via RCN NST Star
- Investors should choose productive assets over speculative ones Edge
- Nearly 80% of listed counters are shariah-compliant Edge
- Shariah-compliant indices outperform on Bursa Star
- Short selling in SP Setia’s shares suspended after share price fall NST
- Temasek spent billions on US tech stocks before Jul sell-off Edge
- Japan’s margin trading shrinks sharply Star
- Credit Suisse real estate fund put into liquidation Edge
Debt and money markets
- CIMB Islamic’s AAA, MARC-1 ratings and AA+ tier 2 rating affirmed MARC
- CIMB Group’s AA+, MARC-1 ratings and AA tier 2 rating affirmed MARC NST
- CIMB Bank’s AAA, MARC-1 ratings and AA+ tier 2 rating affirmed MARC
- Islamic finance domestic growth intact Star
- 65% of Malaysian Muslims prefer shariah-compliant products Star
- Unloved Hong Kong luxury tower spawns wildly popular debt deal Edge
- World Bank issued USD225m low-coupon bonds for Amazon forest Edge
- Goldman Sachs, Morgan Stanley bought US spot bitcoin ETFs in 2Q NST
- Bond traders see 0.25% cut next month as inflation ebbs Star
- German commodities trader BayWa gets EUR547m lifeline Edge
Projects and business
- BHIC unit bags RM378m contract for RMAF chopper support Edge NST Star
- Govt received bids from 4 MNOs for 2nd 5G network Edge NST Star
- IBM sees strong growth potential in Malaysia’s tech sector Edge Mail Star
- Elk-Desa set on driving down impaired loans Star
- Dayang wins 3-year offshore support contract Star
- EY, KPMG benefit most from PwC China’s regulatory problems Star
- Maersk agrees to study nuclear-powered container shipping Edge NST
Economy and market news
- Malaysia’s economic outlook brightens for 2Q Mail
- Malaysia’s 2Q GDP growth set to hit 6.1% Mail
- Malaysia focused on researching energy mix and storage Edge
- Malaysia expects energy sector investments from Singapore, Vietnam Edge
- Govt confident of more digital investments in 2H Star
- Malaysian EV market could hit 2% by year-end Edge Mail Star
- Johor to use recycled, rain water for data centres Edge Star
- Johor’s data centre hub to get a boost from rising FDIs NST
- Philippine central bank cuts policy rate by 0.25% Star
- China slashes steel output as industry rings alarm on demand Edge
- PBOC injects USD81b, delays medium-term lending facility Edge
- China’s industrial production growth weakened to 5.1% in Jul Mail NST Star
- Japan’s economy rebounded to grow 0.8% in 2Q Mail Star
- High interest rates benefit corporate America Star
- Growing concern over US employment Star
- US weekly jobless claims unexpectedly fall Star
- UK economy expanded 0.6% in 2Q as forecast Star
- Norway central bank keeps rate on hold at 4.5% NST
Legal and policies
- SP Setia JV claims RM70m from Putrajaya Holdings for breach of contract Edge
- Miti starts anti-dumping probe into tin product imports Edge
- Singapore charges 2 ex-bankers for aiding USD2.2b money laundering NST Star
- US lawmakers target WiFi router maker TP-Link next Edge
- SEC fines 26 firms USD393m in WhatsApp probe cases Edge
