Chip giant SK Hynix raises $26.5bn in mega US share sale
South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.
Economy
Vapes to have less enticing names and flavours to protect children
Vapes with colourful packaging, or with names or flavours inspired by sweets and cocktails, could be banned as part of plans to stop them being marketed to children.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $59.47 per troy ounce, down 0.86% from the $59.98 it cost on Thursday.
Polish Zloty: Dovish Glapinski undercuts support – Commerzbank
Commerzbank’s Tatha Ghose reports that the National Bank of Poland kept rates at 3.75% and a neutral stance, but Governor Adam Glapinski’s press conference was markedly dovish. He floated a possible September rate cut a…
Canadian Dollar: Firmer against US Dollar – Societe Generale
Societe Generale strategists highlight that USD/CAD is tactically expensive versus the 2-year spread and has recently met resistance near 1.4250 before retracing toward 1.4130. They view this area as potential support b…
Equities: Tech and chips drive relief rally – Deutsche Bank
Deutsche Bank strategists say a strong semiconductor rally and lower oil prices helped lift global equities. The S&P 500 rebounded as investors rotated from defensive sectors into growth and cyclical stocks, while gains…
Euro consolidates near 1.1450 as German data confirms easing inflationary pressures
The Euro (EUR) holds minor gains against a somewhat softer US Dollar (USD) on Friday. The pair edged up to the mid-range of the 1.1400s, but it has failed to find acceptance above the top of the last two weeks' trading …
Indian Rupee rebounds further, ignoring oil price recovery
The Indian Rupee (INR) extends Thursday’s recovery against the US Dollar (USD) in the opening session on Friday. The USD/INR pair falls further to near 95.22 as the US Dollar weakens amid hopes that the restart of the w…
USD/CAD Price Forecast: Recovers from three-week low; flat above 1.4150 ahead of jobs data
The USD/CAD pair stages a modest intraday recovery from the 1.4135 area, or a three-week low touched this Friday, and climbs to the top end of its daily range during the early European session. Spot prices currently tra…
Euro remains pinned at one-year lows against the British Pound as Euro Area inflation moderates
The Euro (EUR) remains on the defensive against the British Pound (GBP) on Friday, with the EUR/GBP pair unable to take off from one-year lows at the 0.8515 area. Data from Germany and France confirmed that inflationary…
WTI rally takes a timeout amid signs of US-Iran war de-escalation
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.…
US private equity firm Apollo enters bidding war for easyJet with £5.7bn offer
The board of easyJet has given the green light to a possible £5.7bn offer from the US private equity firm Apollo, as the low-cost airline becomes the subject of a surprise bidding war.
South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing
South Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s biggest ever stock sales.
Indian Rupee: Inflation uptick with monsoon support – DBS
DBS economist Radhika Rao expects India’s June CPI inflation to edge up to 4.1% YoY from 3.9%, driven by food normalisation and fuel-cost pass-through. She sees limited upside risks to core inflation, an improving but u…
US Dollar: AI-driven imports reshape trade – Commerzbank
Commerzbank’s Volkmar Baur says AI-related capital-goods imports are structurally widening the US trade deficit. Strong foreign demand currently helps finance the gap, but weaker confidence in the United States (US) AI …
EasyJet agrees to rival £5.7bn takeover bid
No-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo Management - just days after it had accepted an offer from a rival suitor.
Canadian Dollar: Jobs and BoC caution shape outlook – ING
ING’s Francesco Pesole highlights that Canada’s June jobs report is expected to show a sharp slowdown in hiring and a pickup in wage growth. He argues the bar for a hawkish shift by the Bank of Canada (BoC) remains high…
‘I just want to know if it has caused my cancer’: life in the shadow of Lancashire Pfas factory
“Everything I wanted was finally coming to fruition. A house, a change of job and getting married,” says Liz Hurst, looking out to sea on a hot evening in Blackpool.
Apollo gatecrashes easyJet sale with surprise £5.7bn takeover offer - business live
European stock markets have opened broadly higher this morning – the UK’s blue chip FTSE 100 index is up 0.3%, led by a 11.7% rise in Vodafone after the news that the French billionaire Xavier Niel has bought a £4.4bn s…
NZD/USD Price Forecast: Gathers strength above 0.5750, but remains below key technical resistance
The NZD/USD pair trades in positive territory around 0.5775 during the early European session on Friday. The New Zealand Dollar (NZD) gathers strength to its strongest level in three weeks against the US Dollar (USD) on…
How we've saved thousands on our holidays by swapping homes with strangers
Would you swap homes with a stranger in exchange for a cheaper holiday? Or would the idea of someone sleeping in your bed and using your kitchen while you were away put you off?
Reeves to launch City ‘skills compact’ committing firms to retrain staff in AI
Exclusive: Plan to improve skills of thousands of financial sector workers to keep pace with tech revolution
Chip giant SK Hynix raises $26.5bn in mega US share sale
South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.
Silver Price Forecast: XAG/USD rises as oil prices correct, US Dollar faces pressure
Silver price (XAG/USD) trades 0.4% higher to near $60.22 during the European trading session on Friday. The white metal gains as the US Dollar (USD) continues to remain under pressure amid hopes that the restart of the …