By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
US Futures Flat as Chip Stocks Slide Despite TSMC's 77% Profit Surge
US stock futures were nearly flat Thursday after a two-day rally, but chip stocks continued to slide. TSMC's 77% profit jump wasn't enough t
Singapore STI Slips 0.4% as AI Trade Jitters and Middle East Tensions Weigh
Singapore stocks edged lower on Thursday, with the Straits Times Index slipping 0.4% as fresh concerns over AI trade restrictions and geopol
Bridgepoint Acquires Majority Stake in GBA Group, Valuing Lab Network at Over €1 Billion
Bridgepoint has agreed to buy a majority stake in GBA Group, a German lab-testing company, from Ardian. The deal values the business at over
Emerging Markets Split: Chip Rout Hits Stocks, Currencies Steady on Dollar Weakness
Emerging-market assets showed a split on Tuesday: stocks fell 1.2% as Asian chip stocks slid again, but currencies edged 0.1% higher. The di
Space Startup Funding Hits $7.5B in Q2 as SpaceX IPO Lures Mainstream Investors
Space startups raised about $7.5 billion across 141 venture capital deals in the second quarter, according to a Seraphim Space report. The r
Angelini Pharma Closes $4.1B Catalyst Buyout with State and Blackstone Backing
Italy's Angelini Pharma has completed its $4.1 billion all-cash takeover of Catalyst Pharmaceuticals, with €1 billion from state investor CD
Nvidia Courts Japan's Robot Giants Fanuc and Yaskawa for Next AI Push
Nvidia is targeting Japan's industrial robot makers for its next AI frontier: physical AI. CEO Jensen Huang announced partnerships with Fanu
Hong Kong Stocks Rise 1.3% as Cooling US Inflation Overshadows Iran Tensions
Hong Kong stocks climbed 1.3% as softer US producer inflation strengthened expectations the Fed will hold rates later this month. The gains
RBC Sees Rio Tinto Holding 2026 Outlook Despite Simandou Slowdown
RBC Capital Markets expects Rio Tinto to keep its 2026 outlook unchanged when it reports first-half results on July 28. The bank trimmed its
KKR and ECP Sweeten DCC Bid With Contingent Nexora Payout
Private equity firms KKR and Energy Capital Partners have increased their bid for DCC to £5.81 billion. The new offer keeps £65.25 per share
European Stocks Stall as AI Optimism Clashes with Oil Price Jitters
European stocks stalled as AI optimism from TSMC's record profit was offset by oil price jitters with Brent near $85. Selective M&A, includi
TSMC Signals Bigger Capital Spending to Ease AI Chip Bottlenecks
TSMC says its capital spending over the next three years will be 'more significantly higher' than the last three, as it works to relieve a c