News
Important Only
ReutersWed, Dec 10
South Korea to consider setting up $3.1 bln foundry to grow local chip sector
Silver breaks above $60, surging to a fresh record high – ING
Tiger NewsWed, Dec 10
Alibaba Establishes New Unit to Expand Consumer Usage of Qwen AI Models
AUD/USD: Likely to test 0.6660 before a pullback is likely – UOB Group
ReutersWed, Dec 10
REFILE-DPM METALS INC <DPM.TO>: RBC RAISES TARGET PRICE TO C$46 FROM C$36 (CLARIFIES ALL FIGURES ARE IN C$)
ReutersWed, Dec 10
REFILE-CENTERRA GOLD INC <CG.TO>: RBC RAISES TARGET PRICE TO C$19 FROM C$15 (CLARIFIES ALL FIGURES ARE IN C$)
Other
South Korea to consider setting up $3.1 bln foundry to grow local chip sector
President Lee presides over semiconductor meetingIndustry Minister warns of global semiconductor raceSpecial committee to oversee national semiconductor policiesBy Joyce Lee and Hyunjoo JinSEOUL, Dec 10 (Reuters) - South Korea is considering building a 4.5 trillion won ($3.06 billion) foundry to mak...Reuters
Wed, Dec 10
Economic Indicator
Silver breaks above $60, surging to a fresh record high – ING
Silver soared past $60 per ounce as traders priced in imminent Fed rate cuts and tightening supply conditions, reinforcing the metal’s historic tendency to outperform Gold during easing cycles, ING's commodity experts Ewa Manthey and Warren Patterson note.
Stocks
Alibaba Establishes New Unit to Expand Consumer Usage of Qwen AI Models
Alibaba Group Holding announced on Tuesday the formation of a new division dedicated to advancing consumer utilization of its artificial intelligence applications, built on the Qwen family of large language models.The newly created division, named the Qwen Consumer Business Group, will be headed by ...Tiger News
Wed, Dec 10
Forex
AUD/USD: Likely to test 0.6660 before a pullback is likely – UOB Group
Australian Dollar (AUD) could test 0.6660 before a pullback is likely; the major resistance at 0.6685 is likely out of reach. In the longer run, further AUD strength is not ruled out; it remains to be seen if 0.6685 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Dec 10
Other
EU court cuts Intel's EU antitrust fine
BRUSSELS, Dec 10 (Reuters) - Europe's second-highest court on Wednesday rejected U.S. chipmaker Intel's INTC.O challenge against a 376 million euros ($438 million) EU antitrust fine imposed two years ago for thwarting rivals, but cut the fine by 140 million euros."An amount of 237,105,54...Reuters
Wed, Dec 10
Economic Indicator
CNY: China’s CPI ticks higher, but deflation pressures linger beneath the surface – Commerzbank
At first glance, the inflation data from China published this morning suggests that deflationary pressure appears to be easing. At least consumer prices rose at an annual rate of 0.7%, which is significantly faster than recently (0.2% in October).
Fxstreet
Wed, Dec 10
Other
Poland could give Ukraine MiG jets in swap for drone tech
WARSAW, Dec 10 (Reuters) - Poland is in talks to transfer MiG-29 jets to Ukraine in exchange for access to Ukrainian drone technology, Defence Minister Wladyslaw Kosiniak-Kamysz said on public radio on Wednesday."In some time, MiG-29 aircraft will no longer serve in the Polish Air Force due to t...Reuters
Wed, Dec 10
Forex
NZD/USD holds above 0.5760 as the US Dollar eases ahead of the Fed
The New Zealand Dollar continues to hover below the 0.5800 resistance area on Wednesday, with bears contained above the 0.5750-0.5760 area for now. A somewhat softer US Dollar ahead of the Federal Reserve (Fed) supports the Kiwi’s consolidation near six-week highs.
Fxstreet
Wed, Dec 10
Other
Hims and Hers to offer weight-loss treatments in UK
By Amina NiasseNEW YORK, Dec 10 (Reuters) - Online telehealth company Hims and Hers Health HIMS.N is launching its weight-loss membership and treatment plans in the United Kingdom which will include drugs like Novo Nordisk's NOVOb.CO Wegovy, the company said on Wednesday.The drug will be availab...Reuters
Wed, Dec 10
Commodities
European Gas prices rebound as TTF finds a short-term floor – ING
European Gas prices bounced modestly, with TTF up 2.3%, after aggressive speculative selling pushed the market toward long-run marginal cost levels. This pressure comes even as EU storage sits well below its five-year seasonal average, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Dec 10
Economic Indicator
GBP/USD: Likely to test 1.3265 before a recovery can be expected – UOB Group
There is scope for Pound Sterling (GBP) to test 1.3265 before a recovery can be expected. In the longer run, a break below 1.3265 would indicate that the advance in GBP from late last month has come to an end, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Dec 10
