Head of China's SMIC says demand still outstrips supply, rush orders to ease in Q4

The head of China's Semiconductor Manufacturing International Corporation (SMIC) said current demand for its products continues to exceed available supply & the “hard landing” feared from recent tariff policies has not materialised so far.

EPD yields 7%, MO yields 6.5%. EPD dips 0.2% YTD, MO surges 21.3%. Analysts see upside for EPD, but MO is a 'Hold'.

Japanese trade envoy Akazawa reckons he's made progress in US trade talks (gets a refund!)

RBA tipped to cut rates to 3.60% in August (certainty this time!), more likely by year-end .... Don't mess with us this time around Reserve Bank of Australia!

Gold hits $3,418, near all-time highs on weak US jobs data & Fed rate cut hopes. Safe haven demand surges.

Vaca Muerta oil output up 26%, gas 16% in Q1'25. Rigs down amid price drops, but long-term potential remains strong.

Tariffs hit profits: Toyota down 37%, GM & Ford face billions. Consumers brace for 18.3% price hikes.