SK Hynix shares rebound after an inital drop in early trading, following halted review of Solidigm IPO plans in the U.S.
SK Hynix shares rebound after initial drop on scrapped Solidigm IPO plans
Source: CNBC
Original reporting
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The Guardian2 outlets
Britain’s gas security needs reinforcement. Last-minute deals with Belgium are not a proper fix
The UK still imports 60% of its gas and, even with Jackdaw, its energy supply and resilience problems are not going away After the overdue approval of the Jackdaw field in the North Sea, here comes a reminder that Britain still imports almost 60% of its gas and the stuff has to come from somewhere. We’re now doing a deal with Belgium to ensure enough supply can flow through a connecting pipeline this winter should a “low-probability but high-impact stress event”, to quote the regulatory mouthful, occur. To be fair, the arrangement to maintain capacity from Belgium is a belt-and-braces measure. The imagined events do sound genuinely stressful and may never happen. A critical piece of infrastructure, such as the two import terminals in Milford Haven to bring in liquefied natural gas (LNG) into Britain, would have to be out of action during a prolonged cold snap in which demand is very high
CNBC
Wealthy Chinese move offshore money to U.S. banks as Beijing’s tax net widens
Bankers and lawyers say Chinese clients' demand for U.S. bank accounts has gathered pace as Beijing tightens the screws on Chinese offshore wealth.
The Guardian
UK consumer confidence falls at fastest rate since Covid as cost of living bites
Economic fallout from war in Middle East adds to pressures on consumers and on chancellor before budget Consumer confidence in the UK has fallen at the fastest rate outside the Covid pandemic since the 2016 Brexit vote as the escalating economic damage from the war in the Middle East hits Britain. With less than a week before John Healey’s first budget, the latest barometer from the data company GfK indicated confidence plunged by 11 percentage points in October to -24 amid pressure on consumers from the rising cost of living. Continue reading...
The Guardian
Trump, Musk, Zelenskyy: who is blaming who in the Ukraine-Starlink row?
A war of words has erupted over who is responsible for the restrictions on Starshield access in Ukraine A war of words has erupted between the Trump administration, officials in Kyiv and Elon Musk over who is to blame for limiting Ukraine’s access to Space X’s military-grade version of Starlink. The restrictions to Starshield have rendered many of the drones used by Kyiv to strike behind the frontlines inoperable and hampered air defence systems that stop Russian attacks, according to Ukrainian officials . Continue reading...
CNBC
Japan core inflation in September surges to its highest this year at 2.1%
Core inflation, which strips out prices of fresh food, was in line with the 2.1% forecast by economists polled by Reuters.
CNBC
SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.
SpaceX's stake in Boring Co. helped boost its net income in the third quarter.