By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
China begins domestic production of immersion DUV lithography tools, challenging ASML's dominance
China has begun domestic production of immersion DUV lithography machines, with early deliveries to SMIC and other chipmakers expected this
Gold edges higher as weak durable goods data pressures dollar and yields
Gold ticked up for a second straight session after soft US durable goods data weighed on the dollar and Treasury yields. November futures re
Philip Morris doubles down on Zyn with $1.2 billion Colorado expansion
Philip Morris International is expanding its Aurora, Colorado campus with a $1.2 billion investment through 2028, doubling its original plan
Gulf stocks rise on US-Iran de-escalation hopes as oil slides
Gulf stocks climbed as investors bet the US and Iran may be looking for a way to cool their conflict, sending oil to a one-week low. Saudi s
Saudi Stocks Flat as Traders Await Fed Decision and Oil Pullback
Saudi stocks were nearly unchanged Monday, with the Tadawul index up just 0.02%. Traders looked past a pullback in oil prices and focused on
Sundance Wins $616 Million Arbitration Against Cameroon Over Iron Ore Project
Sundance Resources secured a $616 million arbitration win against Cameroon over the stalled Mbalam-Nabeba iron ore project. The ICC tribunal
China's Gold Imports via Hong Kong Surge as Central Bank Boosts Reserves
China's net gold imports via Hong Kong more than doubled in June from a year earlier, reaching 50.679 metric tons. The surge came despite a
Samsung may use cheaper Chinese DRAM chips in China phones to cut costs
Samsung Electronics may use cheaper Chinese mobile DRAM chips in some smartphones sold in China, according to Asia Time. The move could lowe
Treasury yields fall as oil price drop eases inflation fears ahead of Fed decision
Treasury yields dipped Monday as oil prices tumbled more than 7%, easing near-term inflation concerns just before the Federal Reserve's rate
Vodacom's Safaricom Control Boosts Revenue Target, Cuts Dividend Payout
Vodacom now controls Kenya's Safaricom with a 55% stake, lifting its long-term revenue target above 300 billion rand. The telecom group also
Canon's Record First-Half Sales Hit 2.275 Trillion Yen as Yen Weakness and Tariff Refund Boost Profit
Canon posted record first-half sales of 2.275 trillion yen, with net income up 9.8% to 171.2 billion yen. A weaker yen and a 37.5 billion ye
LME Aluminum Inventories Plunge to 27-Year Low, Raising Supply Concerns
Aluminum inventories in London Metal Exchange warehouses fell to 271,275 metric tons on July 24, the lowest level this century. Much of the