By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Copper Smelters Turn to Gold and Acid as Processing Fees Hit Zero
Copper smelters are struggling as processing fees drop to zero or below, forcing them to rely on gold, silver, and sulfuric acid for profit.
Tata Motors Dismisses Reports of Imminent Stellantis Partnership Deal
Tata Motors Passenger Vehicles has cooled speculation about an imminent partnership with Stellantis, saying in a stock exchange filing that
Yuan Heads for Biggest Weekly Drop Since March as Strong Dollar Pressures PBOC
China's yuan slipped again, heading for its biggest weekly drop since early March. A strong dollar, fueled by hawkish Fed talk and higher US
Copper Heads for Weekly Drop as Strong Dollar and Tariff Jitters Reshuffle Inventories
Copper prices are set for a weekly drop as the US dollar strengthens and inflation fears persist. Meanwhile, tariff speculation is pulling m
Kalshi Targets $40B Valuation as Hot PCE Inflation Fuels Fed Uncertainty
Kalshi is aiming for a $40 billion valuation after a record $17 billion in monthly trading, but its regulatory gray area and high valuation
Emeco Sees Soft FY2026, Targets Utilization Rebound by Mid-2027
Emeco forecasts softer FY2026 earnings but aims for a utilization-led rebound by June 2027. Higher equipment use could improve margins and c
Airwallex Raises $320M at $11B Valuation to Build AI Tools for Business Payments
Airwallex has raised $320 million at an $11 billion valuation, a nearly 38% increase from its last round. The payments firm plans to use the
Palm Oil Rises Friday on China Demand, But Weekly Loss Persists
Malaysian palm oil futures climbed Friday, buoyed by gains in China's rival edible oils and stronger export data. However, the commodity sti
Nikkei 225 Plunges 3.7% on OpenAI IPO Delay Fears, SoftBank Tumbles 12%
Japan's Nikkei 225 dropped 3.7% after a report said OpenAI may delay its IPO until next year, sending SoftBank down over 12%. The broader TO
Apple Supplier Lingyi iTech Rises in Hong Kong Debut After $1.1B IPO
Lingyi iTech, a Chinese precision-parts supplier to Apple, rose in its Hong Kong debut after raising $1.1 billion. The strong performance su
Blackstone and Bain Lead Bidding for Tokyo's Sankei Building in Record ¥1 Trillion Deal
Blackstone and Bain Capital have moved to the next round of bidding for Fuji Media's Sankei Building in Tokyo, with Bloomberg reporting the
ASX Cracks Down on Repeat Share Ramping in Company Announcements
The ASX is cracking down on companies that repeatedly use announcements to talk up their stock. Its first supervision report signals tougher