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UK Mortgage Rates Fall but High LTV Deals Shrink, First-Time Buyers Face Hurdles
UK mortgage rates fall to 5.52% for two- and five-year fixes, but 95% LTV deals drop 3.4%, limiting options for first-time buyers.
SDG&E Outage in South Orange County May Slightly Impact Reliability Metrics
A power outage affecting 22,525 SDG&E customers in South Orange County could nudge the utility's system-wide outage duration metric by up to 3.38 minutes, but is unlikely to affect Sempra's earnings.
TSMC Profit Per Wafer Surges 42% as AI Demand Drives Record Earnings
TSMC reports record Q2 earnings with profit per wafer up 42% on AI demand. Revenue rose 36% to NT$1.27T, operating income up 65.4%. Capex outlook raised to $60-$64B.
FTSE 100 Slips Despite Strong UK GDP; Takeover Bids for Rotork, Gooch & Housego
FTSE 100 drops 52 points to 10,464 despite UK GDP rising 0.8% in three months. Rotork, Gooch & Housego, and Ramsdens agree to takeover bids.
BHP copper price reliance intensifies as output set to drop 12% in FY2027
BHP Group (ASX:BHP) expects a 12% drop in copper output for fiscal 2027, requiring copper prices near $6.50/lb to offset the volume loss.
CBA's A$92 Billion Premium Faces Test as August Results Loom
Commonwealth Bank of Australia (ASX:CBA) enters Thursday with a A$92 billion market value premium versus major rivals, as investors await August 12 results to justify the stock's steep valuation.
Macquarie Group Hits Record High Amid Oil Price Surge
Macquarie Group (ASX:MQG) hit a record high of A$258.16, driven by oil price swings that boost its commodities trading unit.
ANZ Estimates NZ$2.9B in Farm Efficiency Gains Across New Zealand
ANZ Group Holdings (ASX:ANZ) has estimated NZ$2.9 billion in potential efficiency gains across five NZ farm sectors, representing 18.7% of its agricultural loan book.
Woodside's Oil Rally Benefit Capped by Gas Mix and Hedging Strategy
Woodside Energy's exposure to the oil rally is tempered by its production mix and hedging, with only 25% of output unhedged crude. LNG price benefits will lag.
Tesla's Q2 Delivery Beat Driven by Inventory Drawdown, Margin Focus Intensifies
Tesla delivered 480,126 vehicles in Q2, beating consensus by 18.3%, as inventory drawdown contributed 38% of the beat. Margins are now the key focus.
Chipotle's Mexico Entry: A Growth Test, Not an Earnings Catalyst
Chipotle (CMG) opens its first restaurant in Mexico, but the move is a long-term growth test rather than a near-term earnings driver. International partner stores remain a tiny fraction of operations.