Capital markets news | Fri 15 Nov 2024
Debt and money markets
- MBSB, MBSB Bank, MIDF and MIDF Amanah ratings withdrawn RAM
- TTM’s AAA rating affirmed MARC
- ACSB’s RM535m sukuk programme AA- rating affirmed MARC
- Aeon Credit issues RM450m sukuk Star
- Wasco gets USD25m sustainability-linked loan from Maybank Edge Star
- Bank Muamalat, CGC launch halal industry guarantee scheme NST
- Khazanah offers RM1b private credit to mid-tier companies Star
- Seal seeks shareholder nod to guarantee associate’s RM293m loan Edge
- Australian pension fund to strengthen private credit Star
- US fiscal expansion could pressure bonds Star
- UK’s Southern Water cut to junk by Moody’s amid water sector woes Edge
Digital assets market
- Investors in Singapore to expand cryptocurrency in portfolios Star
- Trump win promises bitcoin boom Mail
- Crypto market capitalisation hits record USD3.2t NST
- US government could build strategic reserve of bitcoin Coindesk
- Sol Strategies buys 4 validators for USD18m Coindesk
- UK government plans digital gilt pilot using DLT Coindesk
- Tether launches platform to tokenise financial instruments Coindesk
- Bitcoin price could fast-track to USD100k high in Nov Cointelegraph
Mergers and acquisitions
- Farm Price buys 55% of Sabah-based Fresh Story Edge
- Bumi Armada, MISC sign MOU on offshore business merger Edge NST Star
- Analysts not ruling out possibility of M&A at AmBank Edge
- KIP REIT completes acquisition of Perak hypermarket Star
- Singapore tech firm Circles weighing sale of digital arm Edge
- Zeekr to take control of Lynk in major Geely shake-up Edge
- Shell to sell majority stake in carbon offsets ops Star
Malaysian projects and business
- Petronas invests another RM7.5b in Pengerang Integrated Complex Edge NST Star
- LFE Corp bags subcontract works worth RM19m Edge
- Scomi Energy talking to another potential white knight Edge
- LBS, Safoda sign MOU on green hydrogen plant in Sabah Edge Star
- Ranhill Utilities, China Energy abort Indonesia water supply project Edge
- Yinson launches 97MW Matarani Solar Park in Peru Edge
Foreign projects and business
- Indonesia’s Indosat, GoTo launch local language AI model Edge
- Foxconn sees robust AI server demand Edge
- US staff sue Taiwanese chipmaker TSMC over Mandarin Mail
- Boeing starts issuing layoff notices to trim 10% of workforce Edge
- UK retailer Homebase falls into administration with 2k jobs at risk Edge
- ASML sees growth continuing through 2030 on AI demand Edge
- Lufthansa plans to cut admin jobs by 20% Edge
- Germany’s SMA Solar to slash 1,100 jobs Edge
Foreign economy and market news
- Indonesia court order on manpower law could deter investments Star
- Supply chain woes hit Asia’s airlines Mail Star
- US bankers temper optimism after Trump win Star
- Powell said the US Federal Reserve can deliberate carefully on rate cuts Star
- Latin America gripped by buy now, pay later trend Mail
- UK eyes pension megafunds to spur economy Star
- UK tax rises should be staggered to avoid stoking inflation Edge
- Rising AI power usage challenges zero emission goals Star
Legal and policies
- Bina Puri associate wins RM46m in arbitration case against Prolintas Edge
- Pestech hit by arbitration claim over RM7.7m unpaid dues Edge
- Encorp CEO charged with CBT involving RM1.05m Edge
- Court rules against vacant possession without occupancy rights Edge
- Australia to make Big Tech liable for citizens’ online safety Edge
- Ford hit with near-record USD165m penalty on recall failure Edge
- Fed refuses to back Basel climate plan, leaving talks in limbo Edge
- Apple faces UK class action over data storage allegations Edge
- Meta fined EUR798m by EU over abusing classified ads dominance Edge
- EU lawmakers seek change to deforestation law and approve delay Edge
