By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Shein's Hong Kong IPO finally set for September 1 at a fraction of its peak value
After years of delays, Shein is finally set to go public in Hong Kong on September 1, at a valuation far below its peak. Meanwhile, Nvidia i
Indian bond yields steady as oil holds near $92 despite Iran sanctions
India's benchmark bond yield is set to hold near 6.85% as oil prices stay around $92 despite new US sanctions on Iran. The RBI's inflation f
ASX 200 edges up 0.4% as miners and banks lead, Woodside defies oil slide
Australia's benchmark ASX 200 gained 0.4% as heavyweight miners and banks pushed the index higher. BHP and Rio Tinto advanced, while Woodsid
SK Hynix workers narrowly reject wage deal over stock bonus shift
Workers at South Korean chipmaker SK Hynix narrowly rejected a tentative wage deal, with 50.08% of union voters opposing the pact. The main
Blackbird raises A$1.05 billion for ANZ tech and AI startups
Blackbird, the venture capital firm behind Canva, has raised A$1.05 billion from big institutions. The record fundraise shows pension funds
Ex-BOJ official sees back-to-back rate hikes starting September
Former Bank of Japan board member Seiji Adachi says the central bank is likely to raise rates on September 18 and could hike again in Januar
SkyCity rejects two takeover bids, says offers undervalue casino
SkyCity Entertainment has rejected two takeover approaches made in May, including one from Oaktree Capital. The New Zealand casino operator
Metals Royalty doubles Minnesota iron ore royalty to 2%
Metals Royalty doubled its royalty on a Minnesota iron ore project to 2%, paying with $140M of 8% convertible notes and a $25M loan. The dea
Polestar says US Commerce Department is blocking its car sales from 2027
Polestar claims the US Commerce Department will bar it from selling cars in the US starting with model year 2027, even as Volvo keeps sellin
US Treasury to hit Iran-linked bank with sanctions, Bessent warns on dollar access
The US Treasury is escalating its crackdown on Iran-linked money laundering. Secretary Scott Bessent says facilitators could be cut off from
Best Buy heads into earnings with stronger card-spend signals
Wedbush lifts Best Buy's fiscal Q2 comparable sales forecast to 2.4%, citing stronger credit-card spending and supplier checks. But the bigg
Gold hits three-month high as ETF inflows jump ahead of key data
Gold prices reached a three-month high as the dollar softened and investors added 46.7 metric tons to gold-backed ETFs. The move comes ahead