By Eleanor Whitfield
Former buy-side analyst. Leads the desk with a focus on global markets, macro flows and what moves portfolios.
Fitch Affirms L&T at BBB+ with Stable Outlook, Citing Strong Margins and Net Cash
Fitch Ratings affirmed Larsen & Toubro's BBB+ rating with a stable outlook, citing strong margins and a deep order book. The agency noted L&
GCash Owner Mynt Files for Record Manila IPO, Aims to Raise Up to 92.3 Billion Pesos
Mynt, the company behind the popular Philippine mobile wallet GCash, has filed for an IPO in Manila. The deal could raise up to 92.3 billion
Fortum Outbids Audax with NOK 47/Share All-Cash Offer for Elmera; Deoleo Attracts Early Bids
Fortum has outbid Audax for Norwegian utility Elmera with a NOK 47-a-share all-cash offer, backed by Elmera's board. Separately, Spanish oli
South Korea Bets $336 Billion on Chip and AI Hubs Outside Seoul
South Korea's government is pushing new semiconductor and AI infrastructure outside Seoul. The Gwangju-South Jeolla region aims to attract 5
UK Firms' Growth Expectations Hit 2025 Low as FTSE 100 Eyes Flat Open
UK shares are set for a flat open after a June survey revealed firms' growth expectations fell to their lowest level in 2025. Meanwhile, Hal
Berenberg Downgrades Berkeley Group to Hold, Citing Limited Upside After Stock Outperformance
Berenberg downgraded Berkeley Group to hold from buy, noting the stock has held up better than peers, reducing upside potential. The bank ke
Asia's AI Rally Stumbles as Cost Pressures and Geopolitical Risks Mount
Asia's AI-driven stock rally hit turbulence as rising chip and energy costs, a fragile US-Iran ceasefire, and a strong dollar weighed on mar
Africa's Biggest Banks Target Kenya, But Local Giants and Capital Rules Tighten Margins
Africa's largest banks are expanding into Kenya, drawn by its role as an East African hub. However, entrenched local lenders and stricter ca
China Stocks Rotate: Investors Dump AI for Healthcare and Consumer Staples
Chinese and Hong Kong stocks rose, but the leadership shifted sharply. Investors sold AI supply-chain shares and bought healthcare and consu
Gold Dips as Oil Rises on US-Iran Tensions, Fed Rate Hike Bets Mount
Gold slipped 0.6% to $4,062.89 as oil prices rose on renewed US-Iran strikes. Traders are now pricing in three Federal Reserve rate hikes th
Yuan Holds Steady as Dollar Eases from Highs; PBOC Adds Short-Term Cash
The yuan held its ground Monday as the dollar cooled from a one-year high. China's central bank added short-term cash to smooth money-market
Italgas Plan Meets Expectations, Regulatory Risk Looms for Investors
Italgas' new strategic plan targets over 9% annual EPS growth through 2032, but Bank of America notes it mostly met expectations. A potentia