By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
MapLight raises $150M to fund lead drug trials through 2028
MapLight Therapeutics raised roughly $150 million in a PIPE deal to fund trials of its lead drug candidate through 2028. The stock rose in e
Ghana's cedi jumps to 11.00 per dollar, traders see more gains
Ghana's cedi rallied to 11.00 per dollar from 11.74, driven by steady dollar inflows and cooling corporate demand. Traders see room for more
Baltic Dry Index slides 3.2% as capesize rates drag fourth straight drop
The Baltic Dry Index dropped 3.2% to 2,844, its fourth straight decline, as capesize and panamax freight rates fell. Supramax rates edged hi
LG Electronics India holds growth target after strong summer quarter
LG Electronics India posted a 27% profit jump in the April–June quarter, driven by strong sales of air conditioners and refrigerators. Despi
Thoma Bravo to take insurance marketplace Accelerant private in $4B deal
Thoma Bravo will acquire Accelerant for about $4 billion, paying $20.25 a share—a 49% premium. The deal comes just over a year after Acceler
Indian bond yields ease as oil retreats and Fed hike odds fade
Indian government bond yields edged lower as Brent crude slipped to $87.20 and traders trimmed expectations for a September Fed hike. The mo
TSX futures edge up as oil slips and US PPI data looms
TSX futures rose 0.2% early Thursday even as oil prices fell, with investors juggling fresh earnings and a key US inflation report. July pro
SK Hynix workers form new union as AI bonus pay dispute heats up
SK Hynix workers have launched a new union with nearly 2,500 members as annual wage talks collide with a debate over AI-driven bonuses. The
Tapestry beats profit forecasts as Coach demand holds in US and China
Tapestry topped profit expectations and lifted its full-year outlook, citing steady demand for Coach handbags in North America and China. Th
Candle Lake's Evolution bid comes with a catch for shareholders
Candle Lake, backed by Kenneth Dart, has made a $13.8 billion bid for Evolution after crossing the 30% ownership threshold. But the offer is
India's edible oil imports hit 10-month high on festival stocking
India's edible oil imports surged 33% in July to 1.48 million tons, the highest in 10 months, as refiners stocked up on palm and soybean oil
Takeover offers span three continents as cash chases assets
From KKR's $2.70 billion bid for a Philippine power firm to EQT's A$9.4 billion offer for Australia's Cleanaway, Thursday's deals show cash