China Caixin PMI Signals Return to Growth in Manufacturing Sector
The Caixin manufacturing purchasing managers index rose to 50.4 in June from 48.3 in May, according to data released Tuesday by Caixin Media Co. and S&P Global.
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Raytech Holding Limited Announces Closing of $5.197 Million Public Offering of its Ordinary Shares
Hong Kong, July 01, 2025 (GLOBE NEWSWIRE) -- Raytech Holding Limited (NASDAQ: RAY) (the 'Company'), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the closing of its public offering ('Offering') of 25,985,000 ordinary shares at a public offering price of $0.20 per ordinary share on July 1, 2025. Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $5.197 million. R.F. Lafferty & Co., Inc. acted as sole placement agent in connection with the Offering. Loeb & Loeb LLP acted as counsel to the Company regarding U.S. securities law matters and Zarif Law Group P.C. acted as U.S. securities counsel for the placement agent. The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-287842) (the 'Registration Statement'), which was declared effective by the U.S. Securities and Exchange Commission (the 'SEC') on June 30, 2025. The Offering is being made only by means of a prospectus which is a part of the Registration Statement. A preliminary prospectus relating to the Offering has been filed with the SEC. Copies of the final prospectus relating to the Offering, when available, may be obtained from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10004, at +1 (212) 293-9090. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Raytech Holding Limited Raytech Holding Limited is a Hong Kong-headquartered company with over 10 years of experience in the personal care electrical appliance industry. Through its operating subsidiary in Hong Kong, it sources and wholesales a diverse range of personal care electrical appliances ranging from hair styling, tooling, trimmer, eyelash curler, neck care, to nail care and other body and facial care appliances for international brand owners, providing integrated product design, production processing, and manufacturing solutions. For more information please visit: Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may,' 'will,' 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the 'Risk Factors' section of the Company's annual report on Form 20-F filed with the SEC on July 30, 2024 and the Interim Report on Form 6-K for the six months ended September 30, 2024, filed with the U.S. Securities and Exchange Commission (the 'SEC') on January 10, 2025. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission. For investor and media inquiries, please contact: Investor RelationsWFS Investor Relations Wang, Managing PartnerEmail: services@ +86 13811768599+1 628 283 9214Sign in to access your portfolio
Yahoo
28 minutes ago
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Gold prices ease ahead of US data as investors weigh Fed rate stance
By Anmol Choubey (Reuters) -Gold prices edged lower on Wednesday as investors awaited U.S. payroll data and assessed Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, although a weaker dollar helped limit losses for greenback-priced bullion. Spot gold was down 0.2% at $3,330.68 per ounce, as of 0217 GMT, while U.S. gold futures fell 0.3% to $3,340.60. The U.S. dollar index weakened to its lowest point in more than three years, making bullion more affordable for holders of other currencies. [USD/] "Gold prices are consolidating after posting the strongest gains in two weeks. The overall trend bias continues to favour the upside for now," said Ilya Spivak, head of global macro at Tastylive, adding Fed policy expectations are taking center stage at the moment. Powell reiterated that the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again setting aside U.S. President Donald Trump's demands for immediate and deep rate cuts. U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labour market had shifted into lower gear amid uncertainty over the Trump administration's tariffs on imports. Investors are now awaiting U.S. ADP employment data, due later in the day, and nonfarm payroll figures on Thursday for further insights into labour market conditions. "The biggest risk for gold is an unexpectedly strong (NFP)result, but that seems rather unlikely to happen," Spivak said. Meanwhile, U.S. Senate Republicans narrowly passed Trump's tax-and-spending bill on Tuesday, a package cutting taxes, reducing social safety net programmes, and boosting military spending, while adding $3.3 trillion to the national debt. Trump expressed optimism on Tuesday about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan. He added that he was not considering an extension of the July 9 deadline for countries to negotiate trade deals. Spot silver edged down 0.1% to $36.01 per ounce, platinum fell 0.4% to $1,344.91, while palladium gained 0.4% to $1,104.92. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
33 minutes ago
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Gold Holds Gains as Trump Tax Bill Stokes US Deficit Concerns
(Bloomberg) -- Gold held an advance, with investors weighing concerns about the US fiscal position after the Senate passed President Donald Trump's multitrillion-dollar tax bill. Struggling Downtowns Are Looking to Lure New Crowds Sprawl Is Still Not the Answer California Exempts Building Projects From Environmental Law Bullion held near $3,340 an ounce, after rallying 2% over the previous two sessions. The latest version of the the president's signature legislation — which is expected to widen the deficit by $3.3 trillion over the next decade — now heads to the House for approval. If it passes, that could benefit gold's appeal as a haven, with investors already reconsidering their allocations to US assets amid Trump's disruptive trade and economic agendas. Persistent weakness in the dollar — which is trading at the lowest level since 2022 — continued to support gold, offsetting pressure from rising Treasury yields after a report on Tuesday showed an increase in US job openings. While higher yields tend to pose a headwind for non-interest-bearing bullion, a weaker greenback makes the metal cheaper for most buyers as it's priced in the US currency. Gold is up by more than a quarter this year and is trading around $160 short of a record high set in April, supported by demand for havens as investors grappled with heightened geopolitical and trade tensions. The rally has also been supported robust central-bank purchases. Spot gold was little changed at $3,341.84 an ounce as of 8:09 a.m. in Singapore. The Bloomberg Dollar Spot Index slipped 0.1%, and is down 0.6% so far this week. Silver and palladium edged higher, while platinum was flat. Looking ahead, the government's June employment report, due Thursday, is expected to show a slowdown in nonfarm payroll growth and an uptick in the unemployment rate. Federal Reserve policymakers have consistently characterized labor-market conditions as strong in recent weeks, and any signs of softness could bolster the case for interest-rate cuts — a scenario that tends to benefit gold. Investors also continued to monitor US trade negotiations, with Trump saying he is not considering delaying his July 9 deadline for higher tariffs to resume. Still, there are signs that traders are becoming increasingly less worried by the president's unpredictable stance on levies, as the economy remains healthy and Corporate America appears to be taking his policies in its stride, for now. SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too How to Steal a House America's Top Consumer-Sentiment Economist Is Worried China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P.
