Japan's $36 Billion Bet On US Energy Dominance

China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022 Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022. CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became effective on June 12. The Hefei-based company is planning to raise CNY29.5 billion (USD4.4 billion) by issuing 10.6 billion shares, which would also make it the Star Market’s second-largest IPO. As...

The High Man In The Castle By Michael Every of Rabobank The world is again waiting to see what comes out of US-Iran peace talks in Pakistan as the two-week ceasefire deadline looms. Again, it’s a binary outcome: war, with threatened strikes on bridges and power plants in Iran, then perhaps regionally, and an extended closure of Hormuz; or peace, and energy and key goods flowing again. The markets have decided peace will be the outcome. Because markets. Yes, there are times when bad news logically justifies a rally, e.g., in a...

Hungary's Going Gay? TV Channel Dedicated To 24-hour LGBTQI Programs Will Soon Launch Via Remix News, Hungary will soon be getting a new government under Tisza’s Péter Magyar, but the landscape is already shifting, with a new LGBTQ-themed online television channel called “Rainbow” (“Szivárvány”) TV in the works to broadcast programs targeting the LGBTQI community 24 hours a day. The entrepreneur behind the project, whose identity is being kept secret for now, reports Media1, but they have already submitted the necessary documents to the National Media and Communications Authority. The channel will reportedly offer...