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On August 5, two people familiar with the matter told Reuters that Intel had pinned its hopes on a production process that should have helped it win manufacturing orders and regain its advantage in the production of high-end, high-profit chips. However, during the testing of the new technology, the process faced a major quality problem. For months, Intel has been promising investors that it will use its process called 18A to expand the scale of chip manufacturing. Intel has invested billions of dollars in the development of the 18A process, including building or upgrading several factories, with the goal of challenging TSMC. Last year, early tests disappointed customers, and the two people familiar with the matter said that since the end of last year, only a small portion of the Panther Lake chips produced by the 18A process have been of sufficient quality to be provided to customers. This percentage, known as the yield, means that Intel may find it difficult to achieve profitable production of high-end laptop chips in the near future.On August 5, Southern Manganese (01091.HK) announced that its board of directors will hold a meeting on August 15, 2025, to approve its interim results for the six months ending June 30, 2025, and the proposed interim dividend. The company also issued a positive earnings forecast, projecting profit attributable to owners of the company of at least HK$150 million in the first half of 2025, compared to a loss of approximately HK$163 million in the first half of 2024. This is primarily due to managements efforts to optimize its trading product mix, turn the trading business around, strengthen cost control, and achieve significant results, as well as reduced impairment losses on financial assets.Central Bank of Brazil: US tariffs have significant industry impact.Chinese Estates Holdings (00127.HK): The company will hold a board meeting on August 15 to approve the interim results.Sources: Intel (INTC.O) is having trouble manufacturing its "Panther Lake" processors.

AUDJPY tends to trade towards 94.00 prior to the publication of RBA policy minutes

Daniel Rogers

Nov 11, 2022 17:53

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After breaking the immediate barrier of 93.50 during the Tokyo trading session, the AUDJPY pair has maintained its upward movement. As volatility has dropped in parallel with the S&P 500's amazing return, the risk barometer is approaching the round-level threshold of 94.00. In addition, rates on U.S. Treasury securities have collapsed following a significant decrease in inflation figures.

 

After sustaining a negative trend over the previous two trading days, there was fresh interest in the cross near 93.00. Investors are focusing on the monetary policy meeting minutes of the Reserve Bank of Australia (RBA).

 

The RBA minutes will provide a comprehensive explanation for the announcement of a 25 basis point (bps) hike in interest rates, despite an extraordinary rise in inflationary pressures. Australia's third-quarter inflation rate jumped to 7.3%, exceeding predictions of 7.0% and the prior announcement of 6.1%.

 

RBA Governor Philip Lowe was anticipated to boost the Official Cash Rate by 50 basis points (OCR). By proposing moderate rate rises, the RBA seems to intend to capitalize on its frequent monetary policy meetings.

 

Masato Kanda, Japan's top currency diplomat, emphasized that officials regularly monitor foreign exchange market fluctuations with a sense of urgency and will respond fast if necessary. According to Reuters, authorities remain willing to take action.

 

Tuesday's release of the Gross Domestic Product (GDP) data is anticipated by investors as a major economic indicator. On a quarterly basis, it is projected that the economic statistics will be 0.3% lower than the previous report of 0.9%, while the annualized figure may decline from 3.5% to 1.1%.


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