Thailand's Super-Long Bonds Gain on Tariffs, Political Crisis
Yields on the country's 30-year bonds fell to the lowest level since 2021, while a debt auction in the same tenor last week drew the highest demand in two years. In contrast, a 10-year bond sale held on the same day fell short of its target for the first time in over a year.
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UK agrees deal with Vietnam to remove pharmaceutical trade barriers
LONDON (Reuters) -Britain said it would strike an agreement with Vietnam to make it easier for pharmaceutical firms to sell UK-made medicines in the Southeast Asian nation, under a new trade strategy that emphasises quick, industry-specific deals. Britain launched the new strategy last month, promising a nimbler approach compared to the emphasis it placed on full-fledged free trade agreements following its departure from the European Union. Vietnam will hasten the registration of new medicines and vaccines, while recognising approvals from more regulators, including Britain's Medicines and Healthcare products Regulatory Agency, the British government told Reuters in a statement. The deal is expected to be confirmed later on Monday. "The removal of pharmaceutical barriers with one of our closest trading partners in Asia is a boost for the UK pharmaceutical industry and proof our Industrial and Trade Strategies are already delivering," British trade minister Douglas Alexander said. The deal could be worth 250 million pounds ($337 million) to the British pharmaceutical sector over the next five years, the government added. The UK-Vietnamese Joint Economic and Trade Committee will meet in London on Monday and also discuss financial services and renewable energy. Britain has taken a tougher line on some other sectors, however, with steel imports from Vietnam set to be restricted under a new quota regime. Life sciences, including pharmaceuticals, are a priority sector under Britain's new industrial strategy, which was also launched last month. However, that plan has been delayed by a dispute over drug pricing with the British pharmaceutical sector, which says the government needs to value medicines more fairly and adjust the payments they make back to the health service. ($1 = 0.7415 pounds) Sign in to access your portfolio
Yahoo
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Homes Are Flooding Onto the Market in Las Vegas as Retirees Flee the City and Investors Cash Out
New home listings continue to flood the market, giving buyers more options than this time last year—and Las Vegas leads the pack. Across the United States, newly listed homes increased 6.2% from last June, according to the June Monthly Housing Report. Las Vegas experienced the sharpest increase in housing inventory, with a 77.6% increase year-over-year. Robert Little, who has been selling real estate since 2007, has seen many changes in the region over the years. He says that buyer demand in the area has mostly cooled due to higher interest rates. 'Additionally, many people relocating to Las Vegas are having difficulty selling their homes in other markets, which delays or prevents their ability to purchase here—further slowing down local activity,' he tells Overall, housing inventory increased in all four regions with the greatest growth in home inventory found in the West (+38.3%), followed by the South (+29.4%), Midwest (+21.3%), and Northeast (+17.6%). Little says there are a mix of sellers entering the market at the moment. 'A significant number are retirees choosing to move closer to family, seek out cooler summer climates, or transition into assisted living communities. Some older homeowners are also selling to live with relatives who can provide support,' he says. 'At the same time, many investors who purchased properties at lower prices in previous years are now choosing to cash out and reallocate their funds into other opportunities.' The fresh data from reveals new listings peaked in April and have declined in each of the last two months—a sign that listing momentum is slowing as 'potential sellers pull back from the market.' 'The increase in home listings is largely due to a slowdown in buyer demand, driven by high interest rates that have impacted affordability,' Little says. But he explains his clients are adjusting with some sellers altering expectations, offering concessions like closing cost assistance, or being open to price negotiations. 'Others are holding firm on price, anticipating market conditions to improve,' Little says. 'We're also seeing some price reductions from motivated sellers who understand the importance of staying competitive in a shifting market.' Las Vegas' inventory increase isn't isolated. Washington, D.C., saw (+63.6%) growth in inventory in June compared with a year ago. Raleigh, NC, (+56.4%) follows right behind. Across the U.S., the number of active inventory was over 1 million for the second consecutive month. The allure of the Las Vegas Strip is what the city is known for. Casinos generate billions of dollars in revenue boosting the city's economy, but the cash hasn't been flowing as in the past. The Nevada Gaming Control Board's 2024 fiscal year report revealed a record $31.5 billion in revenue overall, but net income dropped 24.4%, including a 40.4% drop on the Las Vegas Strip. The total revenue is defined by the money spent by patrons on gaming, rooms, food, beverage, and other attractions. Net income is what casinos make after expenses have been paid, but before deducting federal income taxes and accounting for extraordinary expenses. The gaming slowdown doesn't appear to be the main factor causing more homes to sit longer, Little says. 'The Las Vegas gaming market fluctuations have not significantly impacted our home prices,' Little explains. 'Las Vegas has evolved into a more diversified economy over the years and is no longer solely dependent on gaming. 'We haven't seen a major wave of sales from casino workers. In fact, our housing market has remained relatively resilient compared to other parts of the country.' The median list price for the Las Vegas-Henderson-North Vegas metro is $479,988 for June, according to data. Little adds, 'While months of available inventory did increase by 12.8%, we're still at a 3.6-month supply—technically still a seller's market. 'Las Vegas continues to attract buyers thanks to its favorable tax structure, desirable climate, and strong lifestyle amenities,' Little says. 'When national conditions improve, particularly interest rates, Las Vegas is well-positioned to see another surge in appreciation.' 'I Had To Demolish My House After Severe Flooding Destroyed It': Florida Man Desperately Wants To Sell but Has No Takers Mapped: Where Americans Are Moving To and From Investors Are Selling a Record Share of Homes To Cut Their Losses—Especially in These 5 States
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3 Asian Growth Companies With Insider Ownership Up To 19%
Amidst the backdrop of muted market reactions to new U.S. tariffs and mixed economic indicators in Asia, investors continue to seek opportunities in growth companies that demonstrate resilience and potential for long-term value creation. In this environment, stocks with high insider ownership can be particularly attractive, as they often indicate a strong alignment between company management and shareholder interests, potentially leading to more strategic decision-making during uncertain times. Name Insider Ownership Earnings Growth Zhejiang Leapmotor Technology (SEHK:9863) 15.6% 60.6% Vuno (KOSDAQ:A338220) 15.6% 109.8% Suzhou Sunmun Technology (SZSE:300522) 35.4% 77.7% Shanghai Huace Navigation Technology (SZSE:300627) 24.3% 23.5% Samyang Foods (KOSE:A003230) 11.7% 25.7% Oscotec (KOSDAQ:A039200) 12.7% 98.7% Novoray (SHSE:688300) 23.6% 27.1% M31 Technology (TPEX:6643) 30.8% 63.4% Laopu Gold (SEHK:6181) 35.5% 42.2% Fulin Precision (SZSE:300432) 13.6% 43.7% Click here to see the full list of 603 stocks from our Fast Growing Asian Companies With High Insider Ownership screener. Let's review some notable picks from our screened stocks. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Hyosung Heavy Industries Corporation manufactures and sells heavy electrical equipment in South Korea and internationally, with a market cap of ₩9.11 trillion. Operations: The company's revenue segments include Heavy Industry at ₩4.04 trillion and Construction at ₩1.71 trillion. Insider Ownership: 11.5% Hyosung Heavy Industries is experiencing strong growth, with earnings up 98% over the past year and expected to grow at 22.65% annually, outpacing the Korean market's 20.8%. Revenue growth is forecasted at 9.2% annually, surpassing the market average of 6.5%. Despite a low forecasted Return on Equity of 19.6%, substantial insider ownership aligns management interests with shareholders, supporting its position as a promising growth entity in Asia. Navigate through the intricacies of Hyosung Heavy Industries with our comprehensive analyst estimates report here. The valuation report we've compiled suggests that Hyosung Heavy Industries' current price could be inflated. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Lianlian DigiTech Co., Ltd. offers digital payment and value-added services to small and midsized merchants and enterprises both in China and internationally, with a market cap of HK$12.29 billion. Operations: The company's revenue segments comprise CN¥807.77 million from global payment services, CN¥342.86 million from domestic payment services, and CN¥146.19 million from value-added services. Insider Ownership: 19.7% Lianlian DigiTech is poised for significant revenue growth, forecasted at 21.82% annually, outpacing the Hong Kong market's average. Despite a volatile share price and a low projected Return on Equity of 10.5%, the company is expected to become profitable within three years. Recent share repurchases could enhance earnings per share and net asset value, aligning with substantial insider ownership to potentially bolster shareholder confidence amidst these developments. Unlock comprehensive insights into our analysis of Lianlian DigiTech stock in this growth report. Upon reviewing our latest valuation report, Lianlian DigiTech's share price might be too optimistic. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Rakuten Group, Inc. operates in e-commerce, fintech, digital content, and communications services globally with a market cap of approximately ¥1.73 trillion. Operations: The company's revenue is primarily derived from its Internet Services segment at ¥1.30 billion, followed by Fin Tech at ¥850.54 million and Mobile services at ¥451.56 million. Insider Ownership: 12% Rakuten Group is trading at a significant discount to its fair value, with revenue expected to grow faster than the Japanese market. The company anticipates double-digit revenue growth for 2025, excluding its securities business. Recent product announcements in affiliate marketing and planned mergers could enhance operational efficiency. While profitability is projected within three years, Return on Equity remains low. Despite these prospects, insider ownership details are not disclosed for recent months. Get an in-depth perspective on Rakuten Group's performance by reading our analyst estimates report here. The valuation report we've compiled suggests that Rakuten Group's current price could be quite moderate. Dive into all 603 of the Fast Growing Asian Companies With High Insider Ownership we have identified here. Contemplating Other Strategies? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 23 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include KOSE:A298040 SEHK:2598 and TSE:4755. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
