Primary supply of platinum, or the supply directly from producers, is expected to decline by 2% on-year to around 5.68 million troy ounces, while demand is expected to remain firm across all sectors, according to a new report by Johnson Matthey.
BAE Systems forecast core earnings to grow 11-13% this year as governments rush to secure military hardware in the face of escalating geopolitical tensions.
The heavily indebted Chinese property developer said it is likely to default on a government-guaranteed local bond, as it continues to struggle with liquidity amid China’s property crisis.
China’s exports swung back to growth in April after a short-lived drop in March, continuing to prove a driver for the world’s second-largest economy as it struggles to revive domestic demand.
