By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Chinese banks lure dollar deposits to buy US Treasuries
Chinese commercial banks are offering unusually high rates on US dollar deposits, then using those funds to buy Treasuries. The strategy hel
Japan keeps yen intervention warning as currency swings above 156
Japan's currency chief reiterated that Tokyo is ready to step in if the yen weakens too far, after the currency swung from a sharp jump to b
New Zealand shares climb as Fed rate-hike fears ease
New Zealand stocks rose Friday as a Wall Street rebound and softer Fed messaging eased rate-hike worries. The S&P/NZX 50 gained 0.92%, but h
Alstom wins €3bn Via Rail order for 313 new long-distance cars
Alstom has secured a €3 billion deal with Via Rail Canada to build 313 long-distance passenger cars, plus 15 years of technical support. The
African markets eye US jobs data as oil jumps and Dangote IPO nears
African markets head into Friday focused on US jobs data, with a softer dollar and firmer gold giving some currencies breathing room. Oil is
Fujitsu weighs exit from commodity AI hardware to focus on services
Fujitsu is reportedly considering an end to mass-producing commodity AI hardware, focusing instead on higher-value components and its broade
Palm oil edges up as firmer crude supports biodiesel demand
Malaysian palm oil futures edged up to 4,944 ringgit a ton early Friday, helped by firmer crude oil and mixed moves in other cooking oils. T
Dollar slips, yen jumps as Fed's Waller signals higher bar for rate hike
Asian markets edged higher as the dollar slipped after Fed Governor Waller suggested a higher bar for a rate hike. Traders now look to Augus
Yen strength drags Osaka rubber to sixth straight daily loss
Japan's benchmark rubber futures logged a sixth straight daily drop as a stronger yen pressured yen-denominated prices. Shanghai contracts e
Australian shares set to rise as Fed's Waller signals patience on rates
Australian shares are poised to open higher after Wall Street climbed on Fed Governor Christopher Waller's signal that steady rates could be
Adobe names Anil Chakravarthy CEO as AI rivals loom
Adobe has chosen longtime executive Anil Chakravarthy as its next CEO, succeeding Shantanu Narayen, who will become executive chair. The han
WAM Leaders Raises AU$313M, Assets Top AU$2.2B
WAM Leaders raised AU$313 million, lifting assets above AU$2.2 billion. The fund priced new shares at a 2.5% discount to VWAP and expects lo