South Korea’s SK Hynix has confirmed that it is evaluating the possibility of a US stock market listing, a move that would give American investors direct exposure to one of the world’s most important suppliers of high-bandwidth memory used in artificial intelligence hardware. The company disclosed the development in a…
Global markets opened to a mix of risk aversion and corporate developments on Thursday as cryptocurrencies slid following renewed concerns around Federal Reserve guidance, while Coca-Cola announced a major leadership transition. Asia’s equity markets also pulled back after disappointing results from Oracle, and US lawmakers advanced a $900 billion defense…
Vietnam’s National Assembly, on Thursday, took a significant step towards bolstering its nascent domestic rare earth processing sector by approving a revised law. This new legislation imposes stricter controls on the export of refined rare earths while definitively re-stating the long-standing ban on exporting raw rare earth ore. The move is a…
SoftBank Group shares fell sharply on Thursday after Oracle’s weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market…
Drax Group announced on Thursday that it is considering converting a section of its Yorkshire power station in northern England into a data centre as early as 2027.The project would repurpose land, cooling systems, and transformers that were previously used for coal generation, according to a Reuters report.Europe’s landscape of…
The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production, the International Energy Agency said on Thursday. Meanwhile, the forecast for global crude oil demand growth in 2025 has been scaled up by the IEA in its December Oil Market Report. The…
Vietnam’s National Assembly, on Thursday, took a significant step towards bolstering its nascent domestic rare earth processing sector by approving a revised law. This new legislation imposes stricter controls on the export of refined rare earths while definitively re-stating the long-standing ban on exporting raw rare earth ore. The move is a…
Scottish Mortgage share price popped this week, reaching its highest level since November 5. SMT jumped to a high of 1,140p, up by 11% from its lowest level in November and by 46% from its lowest point in November last year. Scottish Mortgage share price is soaring amid SpaceX IPO newsSMT…
While current price charts indicate deteriorated optimism in crypto, the December 10 session confirmed staggering institutional appetite. Notably, investors poured substantial funds into all leading crypto ETFs on Wednesday.Bitcoin, Ethereum, XRP, and Solana attracted massive inflows as demand skyrocketed ahead of the much-anticipated December 10 Federal Reserve meeting.Bitcoin ETFs in…
SoftBank Group shares fell sharply on Thursday after Oracle’s weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market…