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On November 28th, the Nikkan Kogyo Shimbun reported that Japan and the United States are considering building a NAND flash memory factory in the US through a public-private partnership. It is understood that Japanese chipmaker Kioxia and its US counterpart SanDisk are likely to be the main investors. The Nikkan Kogyo Shimbun points out that this plan may face numerous challenges, including disagreements between the US and Japan regarding capital expenditures and regulatory risks.According to Hong Kong Stock Exchange documents, EasyHealth Group has passed the listing hearing of the Hong Kong Stock Exchange.On November 28th, Federated Hermes analyst Filippo Alotti stated that with UK inflation having peaked and weaker data emerging, the Bank of England now has room to cut interest rates. He said, "If, as the Bank of England expects, we have passed the inflation peak, then borrowing costs should gradually decline." Alotti indicated that the Bank of England may cut rates by 25 basis points in December and again in early 2026. However, he noted that given the governments fiscal buffer of £22 billion, higher than the previously expected £15 billion, the market will closely watch the governments growth forecasts.Hong Kong-listed consumer stocks rallied amid volatility, with Pop Mart (09992.HK) rising nearly 5%, Mixue Group (02097.HK) up over 3%, Gu Ming (01364.HK) up over 2%, and Cha Bai Dao (02555.HK), Lao Pu Gold (06181.HK), and Bruco (00325.HK) following suit.Virgin Australia: Announces it has become the first Australian airline to partner with OpenAI.

The U.S. SEC denies Grayscale's request for a spot bitcoin ETF

Haiden Holmes

Jun 30, 2022 11:11


The U.S. Securities and Platform Commission said in a filing on Wednesday that it denied Grayscale's request to launch a spot bitcoin market-traded fund on Intercontinental Exchange Inc NYSE Arca exchange. Grayscale is one of the biggest digital asset managers in the world.


Grayscale did not immediately respond to a request for comment.


Over the last year, the SEC has rejected over a dozen applications for spot bitcoin ETFs, focused particularly on the lack of surveillance-sharing agreements with a large, regulated market for the underlying assets.


The price of bitcoin, the most popular digital currency, has plummeted by around 70 percent from its November high of over $69,000.