Capital markets news | Thu 6 Mar 2025
Equity
- Reach Ten inks underwriting with M&A for Main Market IPO Edge NST Star
- Chemlite Innovation prices ACE Market IPO at 25 sen Edge NST Star
- Generator rental firm Express Powerr files for ACE Market IPO Edge
- TA values ACE Market-bound Lim Seong Hai 44% above IPO price Edge
- Kerjaya Prospek Property plans 2-for-1 RCULS to raise RM325m Edge
- 3 more Hong Kong blue chips made available on SGX Star
Debt and money markets
- Debt expansion rate declines as govt borrowing falls Star
- Dialog’s AA2 and A1 ratings affirmed RAM
- MNRB’s and Malaysian Re’s ratings affirmed RAM
- Top Glove’s perpetual sukuk rating withdrawn MARC
- AmBank finances RM1b for Worldwide’s takeover of Bahru Stainless NST Star
- CIMB aims to reduce cost of funds by 10-20bps by 2030 Edge
- China to issue USD69b special bonds for big banks Edge
- Country Garden misses self-imposed target date on debt overhaul Edge
- Geely signs EUR2.4b loan to refinance Volvo truck deal Edge
- Baidu raises CNY10b in first bond sale since 2021 Yahoo
- Korea Hydro sells Asia’s first green bond for nuclear energy Edge
- US court rules that USD500m of Byju’s loan went to sham fund Yahoo
- Changes to German govt borrowing triggered biggest debt sell-off Edge Star
Digital assets
- Crypto fraudsters in Singapore can be caned by authorities Coindesk
- Bitcoin crosses USD90k as Trump delays Canada, Mexico auto tariffs Coindesk
- Why this crypto hedge fund expects bitcoin dominance to drop Coindesk
- Bitcoin could swing back to USD95k amid signs of bear exhaustion Coindesk
- Bitcoin trader eyes USD78k price retest as US seen delaying reserve Cointelegraph
- Solana DeFi tokens undervalued compared to Ethereum’s Coindesk
- SBI’s crypto arm to support USDC as Japan softens stablecoin rules Cointelegraph
- Thorchain generates USD5m in fees, USD5.4b in volume Cointelegraph
- Bybit hacker launders 100% of stolen USD1.4b crypto in 10 days Cointelegraph
M&A and property
- 7-Eleven’s parent weighs USD47b Canadian bid despite antitrust concerns Mail
- Bain close to buying Seven & i’s supermarket assets Edge
- Japan’s Trial buys supermarket chain Seiyu from KKR for USD2.55b NST
- ByteDance buys back US staff shares at USD312b valuation Edge Yahoo
- Andreessen leads funding valuing Flock Safety at USD7.5b Yahoo
- BlackRock-led group buys control of Panama ports from CK Hutchison Edge Star
- Saudi Aramco exploring initial bid for BP’s Castrol unit Yahoo
Malaysian financial market news
- Strategic approach to trade, domestic development will sustain growth RAM
- Manufacturers expect 5-10% rise in expenses due to higher wage costs Edge
- Arm to drive Malaysia’s USD270b semiconductor chip goals Edge NST Star Yahoo
- Authorities link illegal e-waste trade to money laundering syndicates NST
- Mara’s property valuation policy to focus on domestic investments Edge
Asian financial market news
- Vietnam poised to amend deposit insurance law Star
- China’s growth target set at 5% despite US tariffs Star
- China’s Caixin services PMI rose to 51.4 in Feb Star
- China announces plans for steel output cuts to help restructure industry NST
- China will increase support for AI, science and tech innovation Edge
- China announces plans for major renewable projects to tackle climate change Star
- China eases rules on unsold home purchases Star
- Japan labour union to seek 6.11% wage hike Star
- US eyes zero tariff on cars in India trade deal as Tesla entry nears Edge
- Adani’s USD2b new Mumbai airport draws IndiGo, SpiceJet Edge
Other financial market news
- Wall Street banks say markets are flashing rising recession risk Edge
- NY Fed’s Perli says market liquidity levels remain abundant Yahoo
- US mortgage rates near 3-month low in boost to demand Yahoo
- Why the US wants to get ahead in the race for critical minerals Yahoo
- Trump calls for end to USD52b Chips Act subsidy programme Edge Yahoo
- Trump tells farmers and consumers to bear with tariffs Yahoo
- Microsoft warns of Chinese hackers spying on cloud technology Edge
- Judge blocked Musk’s bid to stop OpenAI’s for-profit conversion Yahoo
- Goldman Sachs may cut more than 1,300 employees in annual review Edge NST
- Disney to cut nearly 6% staff across 2 units Edge
- Tesla to build new megafactory in Texas Yahoo
- Automakers warn that Trump tariffs will hike vehicle prices by 25% Edge
- Trump’s tariffs open the door to crony capitalism Yahoo
- US firms demand crackdown on tariff-evading Chinese importers Yahoo
- Trump weighs agriculture carveouts to Canada, Mexico tariffs Yahoo
- US orders wind down of Chevron’s oil exports from Venezuela Edge Star
- Microsoft’s USD13b OpenAI tie-up cleared by UK watchdog Edge Yahoo
- UK competition regulator clears USD35b Synopsys-Ansys deal Yahoo
- UK services job cuts intensify before employment tax hike Edge
- Europe’s EV market gets a surprising boost from company cars Edge