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25.06.26 - 07:06
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Major Chinese banks suspend individual trading on Shanghai Gold Exchange amid volatility (SCMP)
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Chinese banks are accelerating efforts to scale back retail trading of precious metals, with the price of gold below US$4,000 an ounce for the first time since November, highlighting growing volatility in a market that has lost nearly 30 per cent of its value since peaking earlier this year.
Industrial and Commercial Bank of China (ICBC) said on Wednesday it would stop offering individual trading in precious metals linked to the Shanghai Gold Exchange from July 24.
The move follows similar......
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25.06.26 - 03:30
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3 Japan Megabanks Eligible to Use Google′s Advanced AI Tool (Nippon)
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Tokyo, June 25 (Jiji Press)--Japan's three megabanks have become eligible to use a cutting-edge artificial intelligence tool of U.S. technology giant Google LLC, Japanese financial services minister Satsuki Katayama said. She revealed this at a press conference after a meeting with senior officials of Alphabet Inc., the parent of Google, in Tokyo on Wednesday. The three megabanks are MUFG B......
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24.06.26 - 20:06
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Prediction: Webull Set for 50% Jump (24/7 Wall St.)
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I'm starting with the punchline. Webull (NASDAQ:BULL) trades at $6.64 after a brutal twelve months, and our proprietary model sees meaningful room for recovery. Our 24/7 Wall St. price target for Webull is $9.99, implying 50.43% upside over the next 12 months. The recommendation is buy at a 90% confidence level, which we consider high ... Prediction: Webull Set for 50% Jump...
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24.06.26 - 14:09
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Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing (ZeroHedge)
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Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing
About two days after a Chosun media report from South Korea sparked a global sell-off in memory stocks and triggered a 10% crash in the Kospi, a new report states that memory giant SK Hynix is planning a massive $29.4 billion US listing. This move will test investor appetite for another mega AI-linked offering and demonstrate whether markets can absorb another massive listing weeks after the SpaceX IPO.
Bloomberg reports the offering would be the largest U.S. listing by a Korean firm and the biggest ever via American Depositary Receipts, easily exceeding Alibaba's $25 billion 2014 debut.
The offering is being led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan. SK Hynix is at the center of the AI infrastructure buildout, serving as one of the top suppliers of high-bandwidth memory chips used in AI chip stacks at data centers.
The listing gives SK Hynix access to a much broader and more liquid US investor base, which...
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24.06.26 - 12:30
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Morgan Stanley raises China humanoid robot shipment forecast to 50,000 units (SCMP)
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Morgan Stanley has again raised its forecast for China's humanoid robot shipments this year, lifting its estimate to 50,000 units from 28,000 as commercial validation, policy support and supply-chain momentum accelerate adoption.
The investment bank had already doubled its projection to 28,000 units in January. In a report published on Tuesday, it said the latest upgrade reflected a growing number of Chinese companies, including electric-vehicle maker Xpeng, announcing plans for mass production......
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