Capital markets news | Tue 5 May 2026

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International oil markets
Brent usually trades at a premium to West Texas Intermediate (WTI) because its North Sea origin allows for easy global shipping, making it the benchmark for two-thirds of world oil. Conversely, WTI is landlocked in Oklahoma, incurring higher costs to reach coastal markets via pipeline. Furthermore, Brent incorporates a geopolitical risk premium due to its sensitivity to international tensions, whereas WTI reflects domestic conditions. Since 2011, the US shale boom has also created local supply gluts, consistently depressing WTI prices relative to Brent.

Equity

Milolo jumps 20% on Leap Market debut NST
Industronics triggers PN17 after auditor issues disclaimer on FY2025 accounts Edge
Bursa queries GIIB after 50% surge amid auditor’s going concern warning Edge
GIIB says considering investment in healthcare business following UMA query Edge
Eurospan’s controlling shareholder selling down to comply with public spread rule Edge
A relook at M-REITs following removal of preferential withholding tax rate Edge
Prudent fund managers Star
Foreign selling continued for third straight week at RM85.1m Edge NST
Industrial products sector records RM128.3m net foreign inflows Star
eFishery an expensive lesson for KWAP, GLICs Edge
Young investors shift towards equities Star
Hong Kong’s ‘block trade king’ pleads not guilty as Segantii insider trading trial begins Edge
AI chipmaker Cerebras expected to target up to USD4b in IPO Star Yahoo
DTCC plans tokenised securities platform with Jul pilot Coindesk Cointelegraph

Debt

Kesturi’s senior sukuk AA- ratings and junior bonds A- rating affirmed MARC
22 Jun case management for Petros’ bank guarantee appeal Edge
Analysts warn of pressure on Malaysian banks as inflation risk rises Edge
Malaysia needs USD32.6b for disaster resilience as climate risks mount Edge Star
Investors hedge against emerging market debt Star
US-Iran war weighs on Asia-Pacific lenders’ outlook Star
UAE minister says currency swap line with US under discussion Mail
US bond markets sell off as Iranian drones hit UAE Fujairah hub Yahoo
Apollo Global president says it’ll take ‘all the markets’ to fund AI spending Yahoo
Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs Coindesk
UK set to enter talks to join the EU’s USD105.9b Ukraine loan NST

Commodities

B15 biodiesel production to start on 1 Jun in bid to lower diesel prices Edge NST Star
US says 2 American ships have crossed Hormuz strait Edge
Treasury Secretary says US has ‘absolute control’ over Hormuz Yahoo
Oil jumps by 5% after report of US warship being hit by missiles Edge
US denies Iran report that naval ship was hit by missiles Yahoo
Oil tops USD120 as Iran strikes UAE tanker and Hormuz closes again Yahoo
New attacks put US-Iran ceasefire in peril Yahoo
Chevron CEO voices concern over Strait of Hormuz ship safety Yahoo
Mysterious trader buys USD56m in oil ahead of UAE attack Yahoo
US ships 250m barrels as oil shock tests export limits Yahoo
Goldman says global oil stocks approaching 8-year low, depletion speed a concern Yahoo

Digital assets

Are non-dollar stablecoins profitable? Star
World Liberty sues billionaire backer Justin Sun Edge Coindesk Cointelegraph
Bitcoin tops USD80k, reaching 3-month high as stocks rise Edge Coindesk
Bitcoin turns risk on as stocks hit new highs and miner profits rise Cointelegraph
Bitcoin short-term cost basis approaches profitability Cointelegraph
Crypto bears got it wrong again, losing USD300m in liquidations Coindesk
Shopify, National Bank of Canada back digital currency to settle trades 24/7 Coindesk
Binance is launching a withdrawal lock to help deter crypto wrench attacks Coindesk
Kraken’s parent alleges USD25m crypto custody fraud in lawsuit Coindesk

M&A

Concrete Engineering’s adviser recommends accepting YTL Cement’s RM2.60 offer Edge
Maxim Global gets 24 sen takeover offer from managing director Edge
Sarawak Consolidated Industries’ shareholders approve RM151m divestment Edge Star
XL Holdings buys Giant Mini stores for RM15m in retail push Edge Star
Logistic solutions provider AGX plans share swap to restructure regional operations Edge
CIMB Niaga to spin off Islamic unit in the fourth quarter Edge
OCBC to acquire HSBC Indonesia’s retail, wealth assets Edge
Kraken parent Payward closes USD550m Bitnomial deal Coindesk

Malaysia

Malaysia’s banking sector faces complex cybersecurity landscape NST
RHB indicator points to steady 2Q2026 GDP growth, no signs of slowdown Star
Business confidence turns negative in 1Q2026 over economic risks, cost pressures RAM
Manufacturers go full steam ahead in Apr despite war concerns Edge
West Asia situation to shape Malaysia’s manufacturing performance Star
Company secretary fined RM50k for AMLA breaches, submitting false information Star
Cropmate says MACC has partially unfrozen its bank accounts Edge Star
Petronas Gas’ RGT-3 in Lumut to be floating storage and regasification unit Edge NST Star

Other markets

Indonesia’s Mar trade surplus expands to USD3.32b Edge NST Star
BoT braces for uneven economic shock Star
Asean+3 outlook softens despite unchanged growth forecast as oil risks rise Edge NST Star
Nvidia CEO Jensen Huang says company now has zero market share in China Yahoo
Bank of Korea deputy chief says time to consider rate hikes Edge
Pitfalls and pitch calls: (Dis)advantage Asia Edge
NY Fed’s Williams warns of ‘significant and unpredictable’ risks to economy Yahoo
US factory orders rise more than expected in Mar Edge Yahoo
OpenAI finalises USD10b JV with PE firms to deploy AI Edge
Spirit Airlines is a case study in what happens when a turnaround plan breaks Yahoo
EU seeks US trade talk but ready to respond, top official says Edge
Survey shows German carmakers gloomy on Middle East disruption to supply chain Edge
USD125 oil could tip global economy into recession Yahoo