Capital markets news | Tue 12 May 2026
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Negative funding
Negative funding happens when perpetual futures trade below spot, which usually means the market is structurally short‑biased: more traders are short than long. In this regime, shorts pay a periodic fee to longs, so holding a bearish view becomes costly, while longs effectively earn carry for taking the other side.
Equity
- EI Power’s ACE Market IPO oversubscribed 30.8 times Edge Star
- RNG Tech signs up underwriter, aims to launch ACE Market IPO by 3Q Edge NST
- MM Computer Systems’ ACE Market IPO to raise RM36.6m Edge NST Star
- Metro Healthcare plans 1-for-4 bonus issue of warrants Edge
- Pharmaniaga could resume dividend payments after PN17 exit Edge
- Bursa securities reprimands, fines dealer RM59k over share manipulation Star
- Bursa reprimands Ireka, fines directors RM425k over disclosure breaches Edge Star
- Bridging the data gap in retail participation post-digital platform boom Edge
- Foreign funds turn net buyers on Bursa with RM95.2m inflow last week Edge NST
- China stocks hit 11-year high on AI optimism, exports rebound Star
- Korea’s Kospi hits all-time high as ‘ants’ join global rush to buy AI stocks Edge Star
- Ambani’s Jio Platforms IPO pivots to pure fundraising, no investor exits Edge
- Big Short investor says the market has jumped the shark Yahoo
- Blackstone, Halliburton to invest USD1b in energy startup VoltaGrid Edge
- UK fintech Wise makes US trading debut with dual listing Edge
- Dangote said to seek USD50b IPO valuation for refinery arm Edge
Debt
- Moneymax Treasure’s RM200m Tranche 1 CP/MTN assigned preliminary ratings MARC
- UiTM Solar Power Dua’s AA- rating affirmed MARC
- Pos Ar-Rahnu secures RM100m RC-i from Maybank Islamic NST Star
- RHB inks deal with SJPP to facilitate RM1b financing to eligible SMEs Edge NST Star
- CIMB to open SME stabilisation relief facility applications on 15 May Edge Star
- MIDF approves IP-backed financing under WIPO-MIDF pilot programme Edge NST Star
- Indonesia shelves plan to launch bond stabilisation fund Edge
- Thai opposition seeks court ruling on USD12b borrowing plan Edge
- Hong Kong’s bad-debt bankers ramp up fire sales, liquidations Edge
- Alphabet plans debut yen bond sale as AI race accelerates Edge Star
- Amazon prepares to issue its first Swiss franc bond in AI push Edge
- Private trades between friendly funds are rife with hidden conflicts Star
- Ripple raises USD200m to expand Ripple Prime platform Coindesk Cointelegraph
- Speed in decision-making becomes new competitive edge for banks – Moody’s NST
Commodities
- Hengli Petrochemical’s former Singapore unit to cease operations – Reuters Edge
- Commodity shipping: Norden assumes its vessels will be stuck in Hormuz all year Edge
- Opec oil output hits new low in Apr on Hormuz export disruption, survey finds Edge
- Oil market could lose 100m barrels weekly if Hormuz stays shut – Aramco CEO NST
- Oil price predicted to remain above USD100 for rest of year Yahoo
- Oil market in ‘race against time’ on Hormuz, Morgan Stanley says Edge
- Trump rejects new Iran peace offer as totally unacceptable Yahoo
- Trump says US-Iran ceasefire on massive life support Yahoo
- World’s ‘largest energy shock’ may affect markets into 2027 – Saudi Aramco CEO Edge
- Iran war disrupts the circuit board supply chain, raises costs for tech firms Yahoo
Digital assets
- Bitcoin funds capture USD700m as institutions place their bets Coindesk
- Bitcoin ‘golden cross’ appears for the first time since 2023 Cointelegraph
- Circle raised USD222m for its Arc blockchain token at USD3b valuation Coindesk
- Why the TradFi takeover of crypto might not be the death blow analysts expect Coindesk
- Banking groups escalate fight over stablecoin yield ahead of Senate vote Coindesk
M&A
- RHB Bank gets green light from BNM to initiate talks on insurance unit’s merger Edge Star
- When ‘not fair’ still means yes: A point of contention in independent adviser’s role Edge
- NCT sells 100-acre smart industrial park land for data centre project Edge NST Star
- Bedi proposes RM14.3m disposal of Sabah industrial property Star
- Genting sells participating interest in Kasuri LNG project to Rukun Raharja Edge NST
- Wilmar to appeal Russian seizure of indirect 24% stake in JSC Etalon Edge Star
- OpenAI invests USD4b in new unit, acquire AI consulting firm Tomoro Edge
- Kraken parent Payward seeks fresh funding at USD20b valuation Coindesk
- Entertainment mogul Byron Allen to acquire Buzzfeed, HuffPost Yahoo
- E.ON to acquire peer OVO in UK energy supply shake-up Edge
- UK PM vows legislation to nationalise British Steel Edge
- Aspex raises Delivery Hero stake to 15%, piling pressure on CEO Edge
- Blackstone agrees to buy stake in Greek online marketplace Skroutz Edge
Malaysia
- BMI sees BNM holding OPR at 2.75% in Jul amid contained inflation NST Star
- KWAP names Jay Khairil Jeremy Abdullah as CEO Edge Mail NST Star
- EPF bolsters retirement savings with new initiatives NST Star
- Consumers splurge in Mar as wholesale surges amid Iran war, Ramadan Edge
- Consumer spending expected to slow amid subsidy reforms, inflation pressures Edge
- Services sector up 8.1% in 1Q2026, with revenue reaching RM682b Star
- Volume index of services up by 5.8% in Q1 FY2026: Statistics Department NST
- Manufacturing momentum strong despite mining drag, growth outlook lifted NST
- Wholesale and retail trade sales rise 9.8% in Mar Star
- When machines come to work Edge
- Malaysia sees 40% jump in cyber exploit threats, ranks third in region NST
- Why ‘compliance’ breeds cybersecurity blindspots Star
- Islamic finance expert charged with RM10m criminal breach of trust Edge
- Ancom Nylex says DOM-MMC consortium bagged JB ART project Edge Mail NST Star
Other markets
- Goldman says yuan 20% undervalued, boosts currency forecasts Edge
- China’s factory inflation hits post-Covid-19 high after cost shock Edge Mail NST
- China warns of imported inflation risk as oil prices increase Yahoo
- Goldman sees ‘AI-driven super surplus’ swelling in South Korea, Taiwan Edge
- Iran may have found a new way to threaten Trump’s economy and it’s not oil Yahoo
- Woodside Energy’s delayed Browse LNG project expected to cost USD35b Edge
- China’s policies threaten USD650b in G7, US Chamber of Commerce says Edge
- JPMorgan issues stark warning on gas prices and inflation Yahoo
- New inflation data coming today will show Iran war’s continued impact on prices Yahoo
- Goldman lists 3 reasons why Strait closure caused only moderate economic damage Yahoo
- US asks to keep collecting Trump’s new tariffs after court loss Yahoo
- Hackers used AI to build zero-day attack, Google researchers say Edge
- Bank of England’s Greene waits on Iran war before backing hikes Edge
- ECB to hike rates twice in 2026 as inflation jumps Star
- Europe invested EUR200b to boost EV sector, New Automotive data shows Edge
- SoftBank’s Son in talks for major data centre project in France Edge