By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Nokia to close China R&D hub, cut 1,600 jobs as local sales shrink
Nokia will close its Hangzhou radio-technology R&D hub by the end of 2026, eliminating about 1,600 jobs. The move reflects shrinking sales i
Reddit joins S&P 500, index funds may buy 16.7M shares
Reddit is set to join the S&P 500 on August 14, replacing AvalonBay Communities. JPMorgan estimates index funds may need to buy about 16.7 m
Singapore shares edge up as Fed pause bets lift sentiment
Singapore's benchmark index closed higher on Friday as hopes grew that the US Federal Reserve will pause rate hikes. But earnings drove the
Hong Kong shares slip as Unitree IPO drains cash; China flat
Hong Kong shares slipped as traders kept cash on hand for Unitree's Shanghai IPO and braced for mid-year earnings. Mainland China stocks fin
Rand steady near 16.18 as softer US inflation offsets Iran risk
South Africa's rand hovered near 16.18 per dollar as softer US producer price data eased expectations of a September Fed hike. But rising US
Tata Motors shares slide as Q1 profit drops 80%, margin pressure persists
Tata Motors' shares dropped after the automaker reported an 80% fall in quarterly profit and warned that cost pressures could persist. The c
Dangote Refinery plans October IPO for Nigerian retail investors
Dangote Refinery plans an October IPO aimed at Nigerian retail investors, potentially raising up to $5 billion. A foreign listing is still a
Chinese stocks edge higher as PBoC injects short-term cash
Chinese stocks ticked up after the PBoC added 349 billion yuan of short-term liquidity, while a mild US inflation reading calmed global rate
Rubber futures slip as Malaysia's June output jumps 31.5%
Osaka rubber futures slipped 1.08% on Friday after Malaysia reported a 31.5% month-on-month surge in June output. Higher oil prices helped c
Aviva's first-half profit jumps 24% on Direct Line deal and wealth growth
Aviva's first-half operating profit climbed 24% to £1.33 billion, helped by its Direct Line acquisition and a stronger wealth arm. The insur
European stocks hold steady as oil and metals slip
The STOXX 600 finished little changed as investors waited for eurozone employment data. Energy and mining stocks slipped as oil and metals p
AI chip demand lifts Taiwan dollar, South Korea won as tech shares rally
Taiwan's currency strengthened to a more than one-month high near 31.991 per US dollar, and South Korea's won also rose, as AI-chip demand f