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14.07.26 - 10:42
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Japan to Provide Up to 159 B. Yen in Aid to Israeli Chipmaker (Nippon)
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Tokyo, July 14 (Jiji Press)--Japan's industry ministry said Tuesday that it will provide up to 159 billion yen in subsidies to the Japanese unit of Israel's Tower Semiconductor Ltd. Tower Partners Semiconductor Co., based in Toyama Prefecture, central Japan, plans to invest a total of about 600 billion yen to mass-produce cutting-edge semiconductors for optical communications at factories i......
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09.07.26 - 15:12
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Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes (ZeroHedge)
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Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes
Futures are higher (although off session highs), and oil erased overnight gains as the market moved past the latest Middle-East flare up which saw the US military strike 90 Iranian targets for a second day and Tehran retaliated against American allies in the Persian Gulf. And like during previous escalations, this time nobody believes it will last. As of 8:00am ET S&P 500 futures rose 0.2% and Nasdaq 100 contracts gained 0.6% as semiconductor stocks advanced in Asia, Europe and US premarket trading after SK Hynix drew strong demand for its offering of ADRs. Mag7 stocks are mixed, with META tumbling on a Reuters report the company has signed long-term contracts for memory, networking gear and flash storage, refuting the market's expectation that the company is starting to ease back on capex spending. The FTSE 100 lags and is down 0.8% as AstraZeneca shares slump 9% after its Wainua drug failed to prevent heart problems. ....
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