Articles by Daniel Marsh
UK Government Moves to Nationalize Speciality Steel After Private Deal Collapses
Britain is developing a state acquisition plan for Speciality Steel UK after rejecting a private bid, keeping 1,300 jobs in play but leaving financial details undisclosed.
BYD Atto 1 Drops to A$19,990 in Australia, Ties MG3 as Cheapest New Car
BYD slashes Atto 1 Essential to A$19,990 drive-away in Australia, tying MG3 as the cheapest new car. The aggressive pricing tests volume strategy amid margin concerns.
SE Asia's Digital Banks Under Scrutiny as Sea, Grab, GoTo Disclose Loan Growth
Sea, Grab, and GoTo now disclose loan growth details, revealing varying profitability and credit risks in Southeast Asia's digital banking race.
Australian Off Road Caravans Enter Voluntary Administration, Deposits at Risk
Australian Off Road has entered voluntary administration. Customers who paid deposits are now creditors and may recover funds. Administrators appointed; first meeting due soon.
Cue Clothing Sale Proceeds Amid Management Exodus
Cue Clothing's CEO and CFO have left as owner Hilco Capital markets the retailer for sale. FY25 sales rose to A$103.2M, losses narrowed, but no administration is confirmed.
Hancock Prospecting to Acquire 13.5% Stake in White Cliff Minerals
Hancock Prospecting, led by Gina Rinehart, commits A$8.77 million for a 13.5% stake in copper explorer White Cliff Minerals, funding accelerated exploration at the Rae Project.
RBA Faces Inflation Puzzle as CPI Data Delayed Until After Rate Decision
Australia's RBA holds rates at 4.35% as July CPI slows to 3.5%, but trimmed-mean inflation stays sticky at 3.6%. August CPI arrives after the Sept. 29 decision.
NYT Shares Rally Past $70 on Subscriber Growth Optimism
The New York Times Company's shares surged past $70 on Monday, fueled by robust digital subscription growth, despite no specific company announcement.
Beijing Dismisses AI Safety Plea; Amazon's $15B Anthropic Deal Unchanged
China rebuffed Anthropic's call for global AI coordination, but Amazon's $15B financing facility tied to AWS milestones remains unaffected.
Starbucks Snoopy Cup Launch Tests Scarcity Strategy
Starbucks rolls out a limited Snoopy collection on Sept. 15, led by a $39.95 glass cup with a two-item cap, testing whether scarcity can drive store traffic.
Retail Sales Data and Fed Decision Collide on Wednesday
August retail sales data and the Fed's rate decision land on the same day, creating a high-stakes session for markets.