By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Tencent-backed Enflame's $912M IPO prices China's GPU ambitions
Shanghai Enflame Technology, backed by Tencent, raised 6.12 billion yuan ($912 million) in its STAR Market IPO, valuing the company at about
China's cheap yuan bonds draw record global demand
China's ultra-low borrowing costs are boosting the yuan's global role. Issuance in its dim sum and panda bond markets has already surpassed
UAE stocks diverge as Brent tops $100 on Middle East tensions
Brent crude climbed above $100 a barrel as Middle East tensions escalated, boosting Abu Dhabi's energy-heavy index while Dubai's market fell
Oil near $100 and Fed hike bets keep stock futures under pressure
US stock futures slipped as oil hovered near $100 a barrel and traders braced for key inflation reports. Markets are also pricing a real cha
BofA raises Legrand price target but keeps underperform on data center lag
Bank of America raised its price target for Legrand to €138 from €121, citing steady data center spending, but kept an underperform rating.
Signet beats earnings, lifts buyback to $700M, shares jump 17%
Signet Jewelers topped fiscal Q2 earnings expectations and boosted its share repurchase authorization to $700 million. The stock jumped 17%
Rentomojo's IPO fully subscribed on day one, eyes $444M valuation
Rentomojo's IPO saw full subscription on its first day, with bids covering all shares on offer. The Bengaluru firm aims to become India's fi
Copper retreats from record high as oil tops $100 on Middle East tensions
Copper eased off its record high on the London Metal Exchange just as oil topped $100 a barrel. Rising Middle East tensions and inflation wo
Zankore secures $3.1B loan to build Nvidia-powered AI data centers
Zankore has lined up a $3.1 billion senior term loan to fund Nvidia GPU deployments and build 100 megawatts of AI data-center capacity acros
Singapore shares slip 0.7% as oil nears $100, AI optimism props up chipmakers
Singapore's benchmark index slipped 0.7% on Wednesday as crude oil hovered near $100 a barrel, reviving inflation concerns. Meanwhile, semic
China stocks edge up as inflation data sends mixed signals on demand
China's mainland stocks edged higher while Hong Kong slipped after August inflation data showed price gains driven by energy and commodities
Uber's first euro bond sale targets €4 billion
Uber is tapping Europe's bond market for the first time with a five-part euro debt sale that could raise about €4 billion. The deal spans ma