By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Singapore Police Probe Radiant World Over Invalid Invoice Claims
Singapore police are investigating commodities trader Radiant World over allegations it used invalid invoices to raise funds. Broker Marex h
Alibaba's AI cloud revenue jumps 45% as spending surges 75%
Alibaba reported a 9% revenue rise in the June quarter, powered by a 45% surge in AI cloud revenue. Capital spending jumped 75% as the compa
Dollar slips as Treasury steps up long-bond buybacks to calm yields
The US Treasury said it will increase buybacks of 10- to 30-year Treasuries, helping cool a selloff that had pushed 30-year yields to a 19-y
Exxaro's half-year profit drops 20% as costs rise and rand strengthens
Exxaro's half-year profit fell 20% even as coal output rose 11%, squeezed by higher costs and a stronger rand. The company's Lephalale solar
China Holds Key Lending Rates Steady; Stocks Edge Higher
Chinese stocks edged up after the central bank left its benchmark lending rates unchanged, matching expectations. Beijing also widened acces
JD Sports cuts profit outlook as North America sales slide 6.8%
JD Sports cut its profit outlook after like-for-like sales fell 3.1% in the 13 weeks to August 1, led by a 6.8% drop in North America. The r
ASX 200 edges up as oil stays high and unemployment ticks higher
The ASX 200 added 0.33% as oil prices stayed elevated near $91 a barrel and Australia's unemployment rate ticked up to 4.5% in July. The sof
PZU beats profit forecasts as motor pricing tightens
PZU, Poland's largest insurer, beat profit forecasts with 1.65 billion zlotys in quarterly earnings. But the company warned that claims infl
Emerging Asian stocks rally as Treasury's bigger bond buybacks cool yields
Emerging Asian stocks rallied Thursday after the US Treasury signaled bigger buybacks of long-dated debt, cooling long-term yields. The MSCI
Unitree's robot backflip wows investors, lifting stock; Carlsberg sales slump
Unitree's robot backflip wows investors, sending its stock higher, while Carlsberg's beer sales sink. What these moves mean for your portfol
Nikkei climbs 1% as Treasury's bigger bond buybacks calm markets
The Nikkei 225 gained 1% after the US Treasury said it would double buybacks of long-maturity debt, helping calm bond markets and push yield
Stripe's $8B OpenRouter deal shows AI's shift to infrastructure
Stripe's $8 billion deal for OpenRouter highlights how AI is moving from flashy apps to the plumbing that makes usage predictable and billab