By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Shein's IPO investors accept unusual six-month lock-up on new shares
Shein's existing investors have agreed to a six-month lock-up on new shares they'll receive in the Hong Kong IPO, Bloomberg reports. The unu
Victory Capital to buy First Eagle in $7B deal, betting on cost cuts
Victory Capital is buying First Eagle Investments for $7 billion in a cash-and-stock deal. The acquisition, expected to close in Q1 2027, wi
MiniMax's low-cost AI models fuel 283% revenue surge
MiniMax's first-half revenue surged 283.1% to $116.6 million as businesses snapped up its cheaper, open-source-based AI models. Enterprise s
Markets Flat as Nvidia Earnings and Key Inflation Data Loom
Stock futures were flat as investors awaited Nvidia's earnings and the July PCE inflation report, expected to show a 3.6% annual rise. The d
Singapore's STI slips 0.3% even as regional markets rally
Singapore's STI slipped 0.3% even as most Asian markets rose, highlighting how index weightings can mask underlying strength. Penguin Intern
Kenya Airways seeks strategic investor as losses widen on fuel costs
Kenya Airways says it will name potential investors within weeks as the loss-making carrier seeks cash and a strategic partner. The airline'
Eurozone yields ease as oil slides and ECB rate bets shift
Eurozone government bond yields eased as oil prices fell, with Brent dropping 2.1% to $86.73. Traders now price about 38 basis points of ECB
Lynas expands rare earths supply chain as profit misses forecasts
Lynas Rare Earths is expanding its rare earths supply chain, talking to new mine developers and exploring a US magnet plant. The move comes
Hochschild Mining's H1 Profit Rises but Costs Climb on Argentina Inflation
Hochschild Mining reported strong first-half results with a $365.8M pretax profit and a 4-cent interim dividend. However, rising costs in Ar
FAB Securities upgrades Parkin to buy after Q2 profit rise
FAB Securities upgraded Parkin to 'buy' after Q2 profit rose 12% despite a slowdown in public parking. The broker kept its 6.50 dirham price
Gaja's 20% Debut Marks India's First Alternative Asset Manager IPO
Gaja Alternative Asset Management jumped as much as 20% in its stock market debut, the first listing by an alternative asset manager in Indi
Ringgit hits multi-week high as oil slides on Hormuz corridor hopes
Malaysia's ringgit and Indonesia's rupiah hit multi-week highs as oil slid more than 2% after Iran and Oman discussed a temporary shipping c