By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Z.AI raises $5B in Hong Kong to fund AI expansion
Z.AI is raising about $5 billion in Hong Kong by selling new shares and zero-coupon convertible bonds. The funds will go toward research and
Oil's pullback steadies markets, but Fed rate hike odds stay high
Oil's pullback from recent highs gave stocks and bonds some relief, but rate fears persist. Traders still price a 67% chance of a Fed hike t
India stocks fall for fifth week as Brent tops $104 and rupee slides
India's stocks fell for a fifth consecutive week as Brent crude climbed above $104 a barrel, reviving inflation fears and dragging the rupee
Grupa Azoty says it's close to long-term debt restructuring deal
Grupa Azoty says it is "very close" to finalizing a long-term debt restructuring with its banks. The Polish chemicals maker has been squeeze
Malaysia's KLCI falls 1.1% as retail sales growth cools to 6.4%
Malaysia's benchmark KLCI fell 1.1% on Friday after data showed retail sales growth cooled to 6.4% in July, the softest pace in three months
Fitch hands SoftBank first BB+ rating, flags OpenAI concentration
Fitch Ratings has initiated coverage of SoftBank Group with a BB+ credit rating, acknowledging its funding access and loan-to-value discipli
India's REC raises ₹70 billion in AAA-rated bond sale
India's REC raised ₹70 billion in the bond market, selling 5-year and 10-year notes at coupons of 7.67% and 7.73%. The AAA-rated lender's mo
KOSPI drops 1.76% as hot US inflation and Treasury sell-off hit South Korean stocks
South Korean stocks slid 1.76% as hot US inflation and a Treasury sell-off boosted expectations of another Fed rate hike. Local bond yields
Tharisa raises $294M bond to finish Zimbabwe's Karo mine
Tharisa has raised $294 million through a five-year bond to finish building its Karo mine in Zimbabwe. The 11% coupon reflects the project's
RBI steps in to steady rupee as oil and US yields bite
India's rupee wobbled as Brent oil neared $110 a barrel and US bond yields climbed, prompting the RBI to step in with dollar sales and short
Oil's return to $100 reignites UK inflation worries
Oil prices have climbed back above $100 for the first time since May, reviving inflation concerns and pressuring UK stocks. The FTSE 100 fel
Micron offers record Taiwan bonuses as strike threat looms
Micron is offering Taiwan direct labor staff record fiscal 2026 bonuses worth 35-68 months of pay, after unions representing about two-third