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Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support, with net sales primarily from telephone products (51.4%), followed by peripheral devices (9.5%), computers (7.7%), music support (6.8%), and other services (24.6%). Geographically, sales are distributed as follows: Americas (42.7%), China/Hong Kong/Taiwan (17.1%), Japan (6.4%), Asia/Pacific (7.9%), and Europe/India/Middle East/Africa (25.9%).
The Australia 200 index surged to a four-month high of 8592, buoyed by optimism from US-China trade talks and a strong US jobs report. Consumer discretionary stocks rose on hopes of interest rate cuts, while the financial sector hit a record high, despite mixed performance in mining stocks due to weak Chinese inflation data. Uranium stocks experienced significant gains, with Paladin Energy leading the charge. However, concerns linger about the sustainability of these gains, as analysts watch for potential signs of a market pullback.
Metcash has reported a profit after tax expected to exceed market forecasts, ranging between $273 million and $277 million, driven by strategic consolidation in its hardware and tools businesses. Despite this positive momentum, the company faces intense competition from Woolworths and Coles, as well as challenges in its hardware division, which could be mitigated by a potential housing market recovery. Investors must weigh Metcash's operational efficiency against the scale advantages of its larger rivals.
SG fintech firm Sleek has secured $23 million in a Series B funding round led by Ellerston Capital, with participation from Money Forward. Founded in 2017, Sleek offers digital corporate services including company incorporation and accounting, serving over 16,000 SMEs across Singapore, Hong Kong, the UK, and Australia. The new funding will enhance its automation technology and expand services, focusing on growth in Australia and the UK while supporting its core markets.
Aussie authorities have dismantled a crypto laundering operation disguised as a security firm. The crackdown highlights ongoing efforts to combat financial crime in the digital currency space, revealing the complexities of illicit activities within the industry.
European markets are seeing a boost, with the STOXX Europe 600 Index up 0.90% due to easing inflation and supportive ECB policies, prompting investors to seek dividend stocks for stable income. Notable picks include Manitou BF, offering a 5.6% yield, despite a volatile dividend history, and INDUS Holding, a private equity firm with diverse revenue streams.
Digital asset inflows slowed amid economic uncertainty, with Ethereum leading the way, attracting $296.4 million and totaling $1.5 billion over seven weeks. The U.S. saw the highest regional inflows at $175 million, while Bitcoin faced outflows of $56.5 million for the second week. Altcoins like Sui and XRP showed mixed performance, with Sui gaining minor inflows and XRP continuing its outflow trend.
In June 2025, funding activity in Asia remains robust despite challenging macroeconomic conditions, with notable deals including India’s Udaan raising $114 million and China’s D-Robotics securing $100 million. A total of 58 deals worth over $575 million were reported recently, highlighting ongoing investor interest in the region's startups. Additionally, a new platform, Glasswall, aims to enhance transparency in fundraising by allowing founders to share feedback on investors.
[Source]
RadNet, a NASDAQ-listed US radiology firm, has acquired Singapore-based medtech startup See-Mode Technologies, known for its AI-driven solutions in radiology. Founded in 2018, See-Mode initially focused on stroke prevention but has expanded its services to radiology groups in Australia, Canada, and the US. This acquisition underscores Southeast Asia's growing role in AI healthcare innovation, as the market is projected to reach $150 billion by 2026, with radiology emerging as a key battleground for AI applications.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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