Capital markets news | Thu 12 Dec 2024
Debt and money markets
- FGV’s AA- rating affirmed MARC
- Public Bank issues RM500m 3rd tranche of sub-notes Star
- Sime Darby issues RM1.3b 1, 3, 6-year unrated sukuk Star
- SC, CGC sign MOU to boost MSME financing Star
- Steering Bank Pembangunan onto the right path Edge
- Apollo boosts USD70b hybrid credit, equity business Edge Star
- Sustainability-linked bond issuances fell 46% to USD37.6b Edge Star
Digital assets
- Bitwise’s 10 predictions for 2025 Coindesk
- Stablecoin market cap hits USD200b milestone Coindesk
- Binance partners Circle for global USDC stablecoin adoption Coindesk
- Fundamental analysis will make comeback in crypto Coindesk
- Bitcoin crosses above USD101k Coindesk Cointelegraph
- Italy to scale back crypto capital gains tax Coindesk Yahoo
- Bloomberg expects MicroStrategy to join Nasdaq 100 Cointelegraph
- MicroStrategy will eventually unravel Cointelegraph
- Influencers shilling memecoin face severe legal consequences Cointelegraph
- US bankers cautious on crypto despite expected regulatory easing Yahoo
M&A and property
- Axiata, Sinar Mas agree RM12.4b Indonesian merger Edge Mail NST Star
- Solid Automotive buys 4.7-acre Klang land from Top Glove Edge Star
- Financial instruments included in sale of U Mobile stake Edge NST Star
- SK Group exploring Vietnam’s Imexpharm majority stake sale Edge
- Club Med owner near buyout offer to delist in Hong Kong Star
- Bain to raise offer for Fuji Soft above KKR Edge
- 7-Eleven battle shows resilience of Japan Inc’s family ties Yahoo
- Biden to block Nippon Steel’s purchase of US Steel Edge Star
- Nippon Life to buy Resolution in USD8.2b deal Edge Star
Malaysian financial market news
- Businesses temper optimism in 4Q RAM
- Malaysia’s wholesale and retail trade hits RM150.1b in Oct Mail Star
- MIDF, CGS project 4.6% GDP growth in 2025 Mail Star
- RM254.7b investments approved in 9M2024 NST Star
- Manufacturing resilience buoys industrial output Star
- Monsoon season drives CPO production decline Edge
- CPO prices likely to stay buoyant in coming quarters Star
- Data centre electricity use to increase to 20.9GW by 2040 Edge
- Forest City manages to attract family offices Edge
- PM to announce Sarawak gas distribution resolution formula Edge
- More clarity on second 5G network in 2025 Star
Asian financial market news
- Singapore economists see 3.6% growth in 2024 Star
- Singapore’s OCBC tightens scrutiny on international clients Edge
- Indonesia eyes USD6b in solar export revenue Star
- Vietnam resumes nuclear power project Star
- Global semiconductor market to sustain growth in 2025 Edge
- Xi readies bargaining chips for US trade war Edge
- China considering weaker yuan as Trump trade risks loom Star
- China’s hydrogen energy sector set for rapid growth in 2025 Star
- Japan auto unions set pay hike target for first time in 7 years Edge
- Most Japan firms expect Trump to harm business environment Yahoo
- India needs more data transparency Star
- ADB trims developing Asia’s growth forecast NST
Other financial market news
- US inflation at 2.7% frustrating, but not alarming Yahoo
- Lazard expects dealmaking to pick up, tariffs to be measured Yahoo
- Google asked FTC to break up Microsoft’s cloud deal with OpenAI Edge
- Trump vows fast permits for those investing USD1b in US Edge
- Trump won’t kill green energy Yahoo
- GM to exit loss-making Cruise robotaxi business Edge Mail Star
- Micron gets USD6.2b chips award to spur plant expansion Edge
- OpenAI CFO sees business users paying thousands monthly Edge
- AI a productivity boost to banks but making money is a challenge Yahoo
- Lawsuit accuses companies of marketing addictive food to kids Edge
- Bank of Canada sizes up big cut as tariffs loom Star
- Adidas headquarters raided in years-long tax investigation Edge
- Sweden left behind amid EV rush in Scandinavian car sales Edge
- World’s top bankers see Trump’s US as bright spot Star