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Sources indicate that Syngenta Group plans to launch its initial public offering (IPO) in Hong Kong in the fourth quarter. The group plans to file an IPO prospectus for up to US$10 billion in the second quarter.February 26th - CK Hutchison Holdings Limited (00001.HK) announced that following its voluntary announcement on February 4th, 2026, the Panamanian Government Gazette published on February 23rd, 2026, a ruling by the Supreme Court of Panama regarding Law No. 5 of January 16th, 1997, originally scheduled for publication on January 29th, 2026, and an administrative decree requiring the Panamanian government to seize all movable property of the Companys subsidiary, Panama Ports Corporation. Representatives of the Panamanian government forcibly entered the terminals operated by PPC in the Ports of Balboa and Cristóbal and forcibly took over administrative and operational control of the terminals. As the Company understands, the concession was deemed terminated on February 23rd, 2026, and PPC ceased all operations at the terminals in both ports on the same day. PPC has received feedback that the ruling, the administrative decree, and the corresponding actions taken by the Panamanian government regarding PPCs terminal operations in the two ports are inconsistent with the relevant legal framework and the law that approved the concession agreement. The Board strongly opposes the ruling, the administrative decree, and the corresponding actions taken by Panama. The Group, together with its legal counsel, reserves all its rights and intends to take all appropriate and feasible legal measures to protect its interests, including pursuing further domestic and international legal proceedings in this matter.Google (GOOG.O): We are expanding beta access to the AI Max platform text guidelines globally, making it available to all advertisers.February 26th - Broadcom (AVGO.O) Vice President of Product Marketing, Harish Baladwaj, stated on Wednesday that the company expects to sell at least one million chips by 2027, based on its stacked design technology. This forecast marks the launch of a new product and the setting of new sales targets, potentially generating billions of dollars in revenue. These chips are manufactured using a technology developed by Broadcom that stacks two chips together, allowing different silicon dies to be tightly connected, thereby increasing the speed at which data is transferred from one chip to another. Baladwaj stated that the companys stacking technology enables customers to create more powerful, lower-power chips to meet the rapidly growing computing demands of artificial intelligence software. "Now, almost all of our customers are adopting this technology," he said.Apple (AAPL.O) CEO Tim Cook said the coming week will be busy, starting Monday morning.

Crypto Market Daily Highlights – SOL and XRP Lead the Top Ten Reversal

Skylar Shaw

Oct 25, 2022 15:40

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The top ten cryptocurrency index had a gloomy start to the week. The road down was headed by ripple (XRP) and solana (SOL). BTC avoided sub-$19,000 for a third session despite the negative session, but it fell short of $20,000 for the seventeenth day in a row.


Riskier assets were under pressure this morning as a result of market response to Xi Jinping being elected to a third term as president and having a cabinet full of supporters. The immediate worries continue to include Xi's backing of Vladimir Putin, China's stance on Taiwan, and its zero-tolerance approach to COVID-19.


The US and EU private sector PMIs contributed to the pessimistic mood. The Eurozone Composite PMI decreased to 47.1, a 23-month low. The US services PMI dropped significantly from 49.3 to a two-month low of 46.6, increasing the risk of a US recession.


However, the lower PMI figures for the private sector had little effect on public opinion of Fed monetary policy. The FedWatch Tool estimated the likelihood of rate increases in November and December to be 95.5% and 54.9%, respectively, as of this morning. The probability of a December 75-basis point increase was 45.6% a day ago.


The next day's events will be influenced by US consumer confidence data. Despite the NASDAQ 100 gaining by 0.80% on signs that the Fed is slowing the economy, the crypto market declined on Monday. The Fed may be able to let off the throttle if the economy weakens.

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