By Eleanor Whitfield
Former buy-side analyst. Leads the desk with a focus on global markets, macro flows and what moves portfolios.
Magnificent Seven Slump as AI Spending Fears Shift Market Focus to Chipmakers and Japan's Yen Hits 40-Year Low
The Magnificent Seven tech giants saw their stocks slide in June as investors worried about AI spending. Meanwhile, chipmakers surged and Ja
Japan's Nikkei Extends Rally as AI Chip Stocks Surge, but Profit-Taking Caps Gains
Japan's Nikkei rose for a third straight session, powered by AI-related chip stocks, but early gains faded as profit-taking kicked in. The B
Japan Taps SoftBank-Backed Noetra to Build National AI Model for Robots
Japan's government has chosen SoftBank-backed Noetra to lead development of a national AI model for robots. The project, backed by up to 1 t
Indian Stocks Eye Higher Open as GIFT Nifty Rises, but Foreign Selling and Iran Tensions Cap Gains
Indian stocks are poised for a higher open after two weak sessions, with GIFT Nifty futures pointing above Tuesday's close. But persistent f
Uber-Backed Lime Raises $167 Million in Nasdaq IPO as Revenue Grows but Losses Widen
Lime, the e-scooter and e-bike rental company, raised $167 million in its Nasdaq IPO. Revenue grew nearly 30% last year to $886.7 million, b
Corn and Wheat Futures Rise as USDA Reports Tighter US Grain Supplies
Corn and wheat futures ticked up after the USDA reported June 1 stockpiles and wheat acreage below analyst forecasts, signaling tighter US s
Anker's Hong Kong IPO Draws Heavy Demand, Tight Float May Fuel Volatility
Anker Innovations priced its Hong Kong IPO at HK$99.32 per share, raising HK$4.52 billion. The public tranche was 27.57 times subscribed, bu
HKEX Slashes Minimum Board Lot Value to HK$1,000 in Phased Rollout Starting July 2
Hong Kong Exchanges and Clearing (HKEX) is cutting the minimum board lot value to HK$1,000, starting July 2. The phased change aims to make
Microsoft Reportedly Plans Layoffs Under 2.5% as AI Spending Continues
Microsoft is reportedly planning another round of layoffs affecting sales, consulting, and Xbox teams, with cuts under 2.5% of its workforce
Many Peaks Minerals Secures Full Ownership of Ivory Coast Gold Project
Many Peaks Minerals has exercised its option to acquire full control of the Baga gold project in Ivory Coast. The deal is expected to settle
PRL Global Ramps Up Ardmore Phosphate Output, Eyes Cheaper Bulk Shipping
PRL Global has shipped 55,800 tonnes of rock phosphate from its Ardmore mine and is in talks to switch from container to bulk shipping. The
Li-FT Power Expands High-Grade Lithium Discovery at Yellowknife Project
Li-FT Power's latest drilling at its Yellowknife Lithium Project found wider, higher-grade lithium mineralization, including a 1,000-meter s