Capital markets news | Tue 17 Sep 2024
Equity and property markets
- IHH major shareholders mull corporate exercise Edge
- ALPS Global to raise USD100m in Nasdaq IPO Star
- Singapore to make changes to revive stock market Edge Star
- Midea raises USD4b in upsized Hong Kong listing Edge
- Seven & I takeover proposal fuels rally in Japanese retailers Edge
- Banks picked for USD1.5b listing of LG’s Indian unit Edge Star
- Bajaj Housing shares double on trading debut Star
- India IPO market gears up for bigger debuts Star
- AI pioneer Fei-Fei Li raises USD230m for new start-up World Labs Edge
- Insight Partners closes in on new USD10b fund Edge
- Placement of cloud firm CoreWeave shares at USD23b value Edge
- SEC to vote this week on US stock-trading revamp package Edge
- OpenAI’s USD150b valuation hinges on changing corporate structure Mail
- Apollo to pay USD1b for stake in BP’s pipeline Star
Debt and money markets
- Press Metal’s AA2 issue rating positive outlook not affected by fire RAM
- MAHB’s senior debt AAA ratings affirmed RAM
- BNP Paribas’ AA1 rating affirmed RAM
- DRB-HICOM’s sukuk ratings upgraded from A+ to AA- MARC NST
- China’s credit growth slowed in Aug as confidence stays weak Edge
- Muzinich, Orion3 launch USD1b infrastructure fund strategy Star
- Gulf sukuk rally grows despite oil price plunge Star
- MicroStrategy’s latest USD1.1b bitcoin purchase largest since 2021 Edge
- Goldman likes the commercial real estate debt that others fear Edge
Mergers and acquisitions
- Minority shareholders block Grand Central’s privatisation Edge
- Water tech firm Cosmos sells off MCI Etech for RM12.31m Edge
- MMAG buys out Velocity’s stake in logistics firm Line Clear Express Edge
- Kein Hing buys Selangor factory, office for RM5.9m Edge
- PGF buys Kulim land for RM40m for new plant Edge NST Star
- Prolintas eyes domestic, overseas tolled highway acquisitions Star
- Temasek nears purchase of Blackstone-owned VFS Global Edge
- Seven & I’s core designation a potential hurdle for takeover Edge Star
- Alcoa to get USD1.1b for stakes in Saudi aluminium plants Star
- Bidding war heats up as Olam raises offer for Namoi Cotton Edge
- Decision on US Steel takeover by Nippon Steel after election Edge Mail Star
- US Steel union steadfast in opposing takeover by Nippon Steel Edge
- DigitalBridge mulls sale of telecom tower unit EdgePoint Edge
- Blackstone plans sale of USD7b consular tech firm Edge
- Canada’s ABC Technologies revises buyout of UK’s TI Fluid Edge
- UK regulator claims Vodafone-Three UK deal may push bills up Edge
- Danish freight firm DSV buys German rival for EUR14.3b Edge
Projects and business
- EPF looks to invest RM50b in domestic infrastructure deals NST
- Pansar gets RM777.11m Sabah-Sarawak link road contract Edge NST Star
- Tex Cycle’s RM100m Sabah waste facility gets EIA approval Edge NST Star
- HeiTech Padu gets RM133.73m contract from JPJ Edge NST Star
- Seal wins RM645m contract from Sabah Electricity Edge Star
- Edra secures 1-year PPA extension Star
- Chip startup Groq invests in Saudi AI data centre Star
- Intel qualified for USD3.5b grants to make chips for US military Edge
Economy and market news
- Forest City’s special financial zone to be launched on Fri Edge Star
- China’s FDI in Malaysia up 28.8%, trade up 10.8% in 7M2024 Mail Star
- Empowering innovation in the Malaysian capital markets Star
- Should Malaysia join the US chip alliance? Star
- Funds pour into Southeast Asia as rate-cut cycle gets underway Star
- Impact of carbon tax hike on Singapore companies Star
- Prabowo eyes USD65b from carbon credits Star
- China’s industrial output growth slowed to 5-month low of 4.5% Mail
- Goldman Sachs, Citigroup cut China’s 2024 growth forecast to 4.7% Star
- India gets USD386b funding for renewables target Edge
- Tariff hikes will raise prices for US consumers Star
- UK economists call for more public infrastructure investment Star
- UBS chair Kelleher wants better bank liquidity to lift stability Edge
- Climate risks, greenwashing threaten banks’ creditworthiness Edge
Legal and policies
- MPOC calls on EU to delay deforestation regulation implementation Edge
- East West Horizon Plantation charged for trust deed violation Edge
- Malaysian Merchant Marine ex-dep chair challenges insider trading law Edge
- FIMM reprimands consultant for getting investor to pre-sign forms NST
- A blueprint for tax sustainability Star
- PwC fined CNY441m, suspended 6 months over Evergrande Edge Mail NST Star
- China’s carrot-and-stick tactics on EU nations start to pay off Edge Star
- Japan’s lead PM candidate seeks US help against China steel Mail
- India hikes import tax on edible oils by 20% Mail Star
- What are India’s antitrust findings against Amazon, Flipkart Mail
- India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart Mail
- Wells Fargo drops as US seeks fixes to money-laundering controls Edge
- US imposes 100% duty on Chinese EVs, 50% on semiconductors Mail Star
- Italy backs EU tariffs on EVs from China Star
- EU’s Google breakup order unlikely for now Edge
