By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Asia ADRs edge up as Canaan jumps 15%, but NIO and Silicon Motion slide
The S&P Asia 50 ADR Index rose 0.15% Thursday, but big moves underneath: Canaan jumped 15%, while NIO and Silicon Motion dropped. A mixed se
BUUU Group buys 60% of prefab data center builder Brightray
BUUU Group is buying 60% of Brightray Science, a prefabricated data center builder, using stock and a convertible note. The deal also includ
Volkswagen's South Africa chief moves to Skoda as record year ends
Volkswagen Group Africa is changing leaders after a record production year. Martina Biene moves to Skoda's board, and Porsche executive Chri
Zero-coupon convertibles: AI's new $72B funding fuel
AI companies are raising billions with zero-coupon convertible bonds, issuing $72B this year. Investors accept no interest in exchange for u
Albemarle taps BHP veteran Ragnar Udd as CEO to lead lithium turnaround
Albemarle, the world's largest lithium producer, has chosen BHP's chief commercial officer Ragnar Udd as its next CEO, effective February 1,
Saudi stocks edge up as non-oil sector growth hits six-month high
Saudi stocks posted a small weekly gain even as oil slipped below $91 a barrel. A faster-growing non-oil private sector, per the August PMI,
Campbell's cuts dividend by a third as shoppers trade down
Campbell's cut its quarterly dividend by more than a third and warned of weaker sales and profit ahead as shoppers trade down to cheaper foo
Sensex put options spike 500% in chaotic closing auction on expiry day
Sensex put options on BSE spiked 400-500% in the closing auction on expiry day after an indicative 2.5% drop. The whiplash highlights the ri
Bernstein: Marks & Spencer can grow food sales without discounting
Bernstein reiterates its 'outperform' rating on Marks & Spencer, arguing the UK retailer can grow its food business without relying on broad
Dollar slips as traders brace for US data blitz; yen jumps on BOJ rate bets
The dollar slipped as traders positioned for a heavy slate of US data and Fed commentary. Meanwhile, the yen jumped on growing bets that the
PlusAI to go public via $800M SPAC merger with Texas Ventures
PlusAI, a maker of autonomous trucking software, is set to go public by merging with SPAC Texas Ventures Acquisition III. The deal values th
VodafoneThree launches TV bundle and £3 5G slicing add-on in UK
VodafoneThree has launched a new Vodafone TV bundle in Britain, including Netflix and HBO Max, and a £3-a-month SuperMobile add-on that uses