
Thai Exports Soar By Most in Three Years Ahead of US Tariffs
Thailand's exports surged the most since early 2022 as companies rushed to stockpile goods while the Trump administration's planned tariffs are still on hold.
Shipments jumped 18.4% to a record $31 billion in May, Commerce Minister Pichai Naripthaphan told reporters in Bangkok on Wednesday. That was the biggest gain in exports since March 2022 and the fifth straight month of double-digit gains.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
20 minutes ago
- Yahoo
YXT.com Announces Changes in Board of Directors and Management
SUZHOU, China, June 30, 2025 (GLOBE NEWSWIRE) -- Group Holding Limited (NASDAQ: YXT) (' or the 'Company'), a provider of AI-enabled enterprise productivity solutions, today announced that Mr. Pun Leung Liu has notified the board of directors of the Company (the 'Board') of his decision to resign from his position as a Director and Chief Financial Officer ('CFO') of the Company, effective June 30, 2025, due to personal reasons. Mr. Liu's resignation did not result from any disagreement or dispute with the Company, the Board, or the Company's management regarding any matter relating to the Company's operations, policies, or practices. Following Mr. Liu's resignation, the Board has appointed Mr. Yazhou Wu, the Company's Chief Operating Officer and Chief Technology Officer, as the new Director. The Board has also appointed Mr. Shen Cao, the current Vice President of Investment Relations, as the new CFO. Mr. Shen Cao joined the Company in May 2025 as Vice President of Investment Relations. Prior to joining Mr. Cao served as the Deputy Chairman of the Board in Topsperity Securities Asset Management Co., Ltd. from June 2023 to April 2025. Mr. Cao holds a Bachelor's and Master's degree in Civil Engineering from Tsinghua University. About (NASDAQ: YXT) is a technology company focusing on enterprise productivity solutions. With a mission to "Empower people and organization development through technology," The Company strives to become the supreme provider in building and boosting enterprise productivity by combining over a decade of experience in tech-enabled talent learning and development and with AI-augmented task copilots and unleashing the power of knowledge and synergy. Since its inception, has supported and received recognition from numerous Global and China Fortune 500 companies. operates its business in China through "Jiangsu Radnova Intelligence Technology Co., Ltd.," formerly known as "Jiangsu Yunxuetang Network Technology Co., Ltd.". has established an entity in Singapore to serve as a headquarter for its overseas business to be conducted in the future, with the "Radnova" trademark to serve international markets. Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'target,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to', or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law. ContactRobin YangICR, (646) 405-4883
Yahoo
an hour ago
- Yahoo
3 High-Quality Oil Stocks to Buy as Middle East Tensions Linger
Middle East tensions brought a shock to the oil (CLQ25) markets, and oil prices remain slightly elevated despite the announced ceasefire between Israel and Iran. The conventional wisdom that caused oil prices to soar beyond $70 was that the '12-Day War' would morph into a regional conflict, one that would last for months or years. Although that has not happened, many investors are still closely watching the region for any signs of tensions bubbling back up. 3 High-Quality Oil Stocks to Buy as Middle East Tensions Linger Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! That's why August crude oil futures are still above $65 at the moment. High-quality oil stocks stand to benefit from these elevated prices. For investors looking to buy in now, here are three oil stocks that analysts love for their cash flow headroom here. Inpex (IPXHY) is a Japanese energy company that produces and sells oil and natural gas (NGQ25). It also invests in and lends money to other energy companies and has recently been more involved in solar and geothermal power generation. The analysts who compiled this list of high-quality oil stocks were looking for companies that were included the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) or the iShares Global Energy ETF (IXC). From there, stocks were screened to focus on ones that had a debt-equity ratio below 70% and were in the top 20 for free cash flow headroom based on FCF estimates. Inpex has 12.3% in estimated FCF headroom. It's hard to think about a big negative here, since the company has very solid financials, and it also trades at very cheap multiples. You can grab the stock for just over 6 times trailing earnings. Last year, Inpex's net cash flow grew 635% to $267.5 million, and net income grew 24.34% to $2.8 billion. However, investors should note that due to lower oil and gas sales in the first quarter, its revenue and operating profit fell. The good news appears to be that management is still planning to hike its dividend later in 2025. Devon Energy (DVN) is an oil and natural gas company in the United States. Any more Middle East conflict would lead to a sharp rise in both natural gas and oil prices in the U.S., as a fifth of all shipments in both of those energy categories go through regional arteries. The U.S. has considerable domestic energy production, so such a price increase would directly benefit companies like Devon Energy. But even if such a crisis never happens, the financials here are strong. DVN stock is trading nearly 60% below its 3-year high at the moment, and the stock seems significantly undervalued at 6.6 times trailing earnings. With oil prices holding higher and a more aggressive drilling policy in place under President Donald Trump, the stock has stabilized in the $30 to $35 band. Plus, analysts see 9.4% in FCF headroom for Devon Energy. Last year, operating cash flow was at $6.6 billion, up slightly from 2023. This level is also quite substantial for a company with a market capitalization of less than $21 billion. You can make use of the 3% dividend yield as you wait for it to recover. The dividend payout ratio is just 22%. SM Energy (SM) is an energy company that produces oil and natural gas. It is also in the U.S., and its production is based around the Permian Basin and the Uinta Basin. This stock trades at just 3.5 times trailing earnings and its dividend yields 3.1%. In the first quarter SM Energy announced that it had completed the integration of its assets in the Uinta Basin, which allowed it to push oil production to the high end of its guided range. Net income of $182.3 million was up significantly from $131.2 million in the year-ago period, and total revenue of $844.5 million was up 50% year-over-year. The company reported adjusted free cash flow of $73.8 million. And, looking ahead, analysts see SM Energy having FCF headroom of 10.6%. For the full year, SM is guiding for growth in total production and in oil production specifically. Despite a ceasefire easing fears of prolonged conflict in the Middle East, oil prices remain elevated, providing a tailwind for energy stocks. With solid financials, attractive valuations, and strong free cash flow potential, Inpex, Devon Energy, and SM Energy stand out as compelling plays for investors seeking exposure to the current oil market. On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Mark Carney caves in on tech tax to appease Trump
Canada has abandoned plans to impose a new digital services tax on US companies in a bid to revive trade talks with Donald Trump. Mark Carney's government axed the new levy just hours before it was due to come into effect on Monday, with the country racing to secure a deal with America before a looming deadline on July 21. The Canadian prime minister agreed to resume talks with the US president during a phone call on Sunday, easing tensions after Mr Trump said on Friday that he was 'terminating all discussions' with Ottawa. It came after Mr Trump condemned the proposed digital services tax, which he described as a 'blatant attack' on US tech companies. The tax would have imposed a 3pc levy on the digital services revenue a company earned from Canadian users above $20m (£14.6m) in a calendar year, backdated to 2022. The dollar fell towards a four-year low against sterling in the wake of Canada's climbdown, as investors hope it will increase the chance of a trade deal before the deadline and lead to lower interest rates. François-Philippe Champagne, Canada's finance minister, said: 'Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress.' Meanwhile, there are now just 10 days to go before a 90-day suspension of Mr Trump's 'liberation day' tariffs expires on July 9, potentially reigniting global trade chaos. So far, the US has only officially announced a trade deal with Britain – which has reduced tariffs on UK car exports and aerospace equipment as of today. A second agreement between the US and China has also been struck to free up the trade of rare earth minerals between the countries. Scott Bessent, the US treasury secretary, said on Friday that about 20 countries that fail to strike a deal by next Wednesday could continue to negotiate with the US. However, he warned they could face the higher rates set out by President Trump on April 2, or stay at the present baseline 10pc level if they are considered to be 'negotiating in good faith'. But hours later, Mr Trump reiterated his threat to reinstate higher tariffs on countries that had not made trade deals. He said: 'We can do whatever we want. I'd like to just send letters out to everybody: 'Congratulations. You're paying 25pc'.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.