By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
PayPal Board Rejects $53 Billion Stripe-Advent Bid as Too Low, Cites Financing and Regulatory Hurdles
PayPal's board has rejected a $53 billion takeover bid from Stripe and Advent International, calling it too low and raising concerns about f
Singapore Stocks Dip 0.5% as Chip Sell-Off Hits; Mm2 Asia Plans $15M Placement
Singapore stocks slipped 0.5% on Friday as chipmakers dragged the market lower. Separately, Mm2 Asia announced a SG$15 million share placeme
China Tech Stocks Plunge 7% as $8.6 Billion CXMT IPO Drains Market Liquidity
China's tech stocks tumbled on Friday as chipmaker CXMT's $8.6 billion IPO sucked cash from the market and an AI conference disappointed. Th
Sterling Gains as Centrist Finance Minister Pick Calms UK Fiscal Fears
Sterling is set for a third weekly gain after reports that incoming PM Andy Burnham may choose centrist Shabana Mahmood as finance minister.
Innolight Clears Hong Kong Listing Hurdle, Eyes Up to $7 Billion IPO
Zhongji Innolight's Hong Kong listing committee approval paves the way for a potential $7 billion IPO. The AI data center optics maker aims
Antofagasta's Q2 Copper Miss Puts Pressure on Second-Half Rebound, Berenberg Says
Antofagasta's second-quarter copper production missed Berenberg's estimate after extended maintenance at Los Pelambres. The broker expects a
South Korea's AI Stock Boom Triggers Record Circuit Breakers on KOSPI
More than half of all KOSPI circuit-breaker triggers occurred in the past six months, driven by leveraged single-stock ETFs on Samsung and S
Gold Slides as Oil Surge Rekindles Fed Rate Hike Bets
Oil surged about 12% this week as US-Iran tensions escalated, reigniting bets on a Federal Reserve rate hike in December. That shift is weig
Volvo Group's North America Truck Orders Surge 122%, But Retail Sales Still Lag
Volvo Group's Q2 operating profit rose 35% to 13.5 billion Swedish crowns, driven by a 122% surge in North American truck orders. However, r
EQT Raises Bid for Kakaku.com to 3,450 Yen, Topping Rival Offer in Japanese Buyout Battle
EQT has raised its takeover bid for Japanese price comparison site Kakaku.com to 3,450 yen per share, topping a rival offer from LY Corp and
European Stocks Slip as Tech Sell-Off Deepens on Chip Valuations and Middle East Worries
European stocks fell again as tech shares led the decline, with the STOXX Europe 600 Technology Index dropping 2.3%. Investors rotated out o
S&P Warns Asia-Pacific Industrials Face Tougher Year as Demand Slows, Costs Rise
S&P Global Ratings expects weaker demand and higher input costs to pressure credit metrics for Asia-Pacific industrials over the next 12 mon