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Derivatives

High Oil Prices Set to Trigger New Wave of North Sea Mergers

High oil and gas prices are going to drive further consolidation in the UK sector of the North, according to analysts, who also said tax considerations would play a role in stimulating M&A appetite in the region.

Binance halts withdrawals after record $6.3 bln hack

One laptop, $6.3 billion gone. Attackers drained cryptocurrencies worth about $6.3 billion (about €5.7 billion) from Binance, the world’s largest crypto exchange, on Thursday evening. It is the largest crypto theft ever…

Oil Prices Fall as Vance Moves to Restart Iran Peace Talks

The blockade on ships “entering or departing Iranian ports and coastal areas” will begin on Monday, U.S. Central Command said. But U.S. forces will not impede vessels transiting the Strait of Hormuz, a step back from Pr…

SK Hynix shares surge after Q3 profit beats expectations

On October 28 Eastern Time, SK Hynix shares surged 12% following a third-quarter financial report that beat consensus, driven by memory price hikes and improved product mix. Record revenue and operating profit, alongsid…

Gold gains as easing oil prices soothe inflation jitters

U.S. stock futures reversed a downtrend in the overnight session on Wednesday, as strong quarterly results from Micron Technology (MU) and massive revenue target updates from Qualcomm Inc. (QCOM) helped ease AI trade co…