By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Aon to Buy USI Insurance Services from KKR for $17 Billion
Aon, a global insurance broker, has agreed to buy USI Insurance Services from private equity firm KKR for $17 billion. The deal, expected to
Asia stocks mixed as oil jumps and China tightens property rules
Asian markets were mixed Monday as oil prices jumped on fresh Gulf tensions, while Hong Kong property stocks slid after Beijing tightened de
India's Nifty slips 0.39% as oil climbs and MSCI rebalancing jolts closing auctions
Indian stocks slipped Monday as oil prices climbed and fears of higher US interest rates weighed on sentiment. The Nifty 50 fell 0.39%, but
AI labs turn Apple's Mac mini into a quiet AI workhorse
OpenAI and Anthropic are snapping up thousands of Apple Macs for AI development, helping Mac sales jump 29% in Q2. The shift highlights how
China's new home-sales rules hit property developers hard
Chinese property developer stocks slid after regulators moved to curb presale funding and require mortgages only once projects are completed
Zinc leads Shanghai metals as global stockpiles shrink
Zinc has become the top performer on Shanghai's metals exchange, rising 5.57% in August. The rally is driven by shrinking global stockpiles
Mech-Mind launches Hong Kong IPO with $186M cornerstone backing
Mech-Mind Robotics Technologies has launched a Hong Kong IPO targeting up to HK$2.35 billion. Cornerstone investors, including Baillie Giffo
Fujikura to Sell Trading Unit Stake to Inaba Denki by 2027
Fujikura will sell its entire stake in trading subsidiary Fujikura Shoji to Inaba Denki Sangyo, transferring about 1.8 million shares by Mar
RBI steps in again to steady rupee as oil and Fed pressure mount
The Reserve Bank of India again stepped into currency markets on Monday to steady the rupee, which was under pressure from higher oil prices
Asian currencies slip as traders bet on another Fed rate hike
Asian currencies and stocks slipped as traders again priced in a possible Fed rate hike next month, lifting the dollar and compounding the h
China property shares slide as Beijing tightens housing presale rules
Chinese and Hong Kong stocks slipped Monday after soft services and construction data pointed to an uneven recovery. New limits on housing p
Barclays Now Sees Two Fed Rate Hikes This Year After Warsh's Hawkish Jackson Hole Speech
Barclays now expects two quarter-point Fed rate hikes this year—one in September and one in December—after Kevin Warsh's hawkish Jackson Hol